The banks are funding a huge problem
Between 2008 and 2013, ANZ, Commonwealth, NAB and Westpac have loaned over $36 billion to fossil fuel projects in Australia.
The coal and gas industry is threatening our farms, water resources, health, the environment and natural icons like the Great Barrier Reef. It is also jeopardising our chances of keeping global warming to within manageable limits.
The big banks are custodians of the majority of Australians’ money. They need to be held accountable for how it is used.
Where does your bank stand?
Want to compare how your bank performs against others on the issue of fossil fuel investments? With a bank that is funding coal and gas and want to find an alternative? Check out our list of various banks and where they stand. We have asked banks to state their position on coal and gas investments and published the responses to help you decide where you want to move your money.
See which banks have been lending to dirty coal and gas exports
Use our interactive map to see which banks have been lending to coal and gas export projects. You can use the map to contact the banks and pressure them to stop lending to environmentally destructive coal and gas projects.
If you’re with one of the “big four” Australian banks you can put them on notice, telling them if they keep funding fossil fuels, you’ll move to another bank.
How to switch banks and make it count
We’ve made the process of changing bank accounts easier with our guide: How To Switch Banks and Make it Count.
It shows you where various banks stand on the issue of fossil fuel investment, the main steps to take in order to change accounts (you’ll probably find it’s simpler than you expect) and, most importantly, how to leave a lasting impression on your old bank when you decide to divest.
Put your bank on notice
Tell your bank that if they continue to choose fossil fuels, you’ll choose another bank.
Sign the petition
Over sixty prominent Australians signed an open letter, calling on the CEOs of the big four banks to end investment in fossil fuels. Thousands more community members have joined them and you can add your name at openletter.marketforces.org.au.
Market forces has released a number of reports presenting the findings of our research into various elements of energy sector financing. These are available for you to read and download below. You can also contact us to request print versions.