WESTPAC RULES OUT FUNDING ADANI CARMICHAEL
Tell Westpac: well done for ruling out Adani Carmichael, now go for all fossil fuels!
After years of pressure from customers, shareholders, environmental groups and the broader community, Westpac has effectively ruled out financing the controversial Adani Carmichael mega coal mine.
Westpac’s new climate change policy update, says “ for new thermal coal proposals we will limit lending to any new thermal coal mines or projects (including those of existing customers) to only existing coal producing basins and where the calorific value for that mine ranks in at least the top 15% globally”. This rules Adani’s plans out on two counts, as the Galilee Basin does not currently produce coal, and the coal quality is lower than Westpac’s new threshold.
Take action today – fill in the form and send your message to Westpac, telling them well done on ruling out Adani Carmichael, now go for all fossil fuels!