Australian home loans vs dirty fossil fuels!
The big four banks literally make billions of dollars each year from the interest paid on home loans. This means that home loan customers of the big banks are some of the most powerful people in the Australian fossil fuel divestment movement. If you’re a home loan customer of the big four, you have something the banks desperately want and you can can use your leverage to pressure them to stop funding dirty coal and gas projects.
Market Forces has worked out how much money the big banks stand to make from loans they have made to individual coal and gas projects. Add your home loan to this Market Forces and Environment Victoria campaign to show the big four banks that we can cancel out their dirty profits. Here’s how to get involved:
- Click on “Add your loan” underneath the project that your bank has supported (below).
- Fill in the form to join the group of people who have committed to move their home loans.
- When we have enough people ready to move their loans to cancel out a fossil fuel project, we’ll let the bank know. We’ll also get in touch with you to see if you need any help and to confirm that you have completed switching your home loan.