CBA backs Tim Bishop’s new climate investor, Wollemi Capital

Former Macquarie Capital chief Tim Bishop’s new climate investment firm, Wollemi Capital, has raised $220 million to fund its expansion and attracted Commonwealth Bank as a strategic investor and partner.

CBA said Wollemi – which will invest in agriculture and food technology, new energy market infrastructure and other businesses reducing greenhouse gas emissions – would help the bank develop expertise around emerging technologies to support the economy’s transition towards net zero. CBA declined to reveal the size of its equity investment.