Funding the Galilee coal mines just got harder

Standard Chartered

17 June 2015 It has been a privilege to support the Wangan and Jagalingou (W&J) traditional owners of the Galilee Basin to meet with banks across the US and Europe. The meetings were critical opportunities for the W&J to explain how financing Adani’s proposed mega mine would not just be … Read More

Commbank biggest lender to coal and gas in the Reef

16 May 2015 A lot has changed in the two years since we released our Financing Reef Destruction report, which identified Australia’s big four banks as the leading financiers of fossil fuel projects within the Great Barrier Reef World Heritage Area. Some changes have been for the better, and it is good to reflect on … Read More

ANZ heralds end of mining, so why are they still lending to coal?

6 May 2015 ANZ chief executive Mike Smith yesterday warned investors and the wider Australian public that the country must move on from the resources boom. Echoing the widespread expectation that commodities prices will not recover to anywhere near their former lofty heights, Smith highlighted the need to move away … Read More

World Heritage Day – CommBank customers divest!

On Saturday 18 April, we celebrated World Heritage Day in style. Dozens of Commonwealth Bank customers turned out to divest from the bank outed as helping Adani secure finance for its planned mega coal mine and new export terminal in the Great Barrier Reef World Heritage Area. Activists also rebranded … Read More

French banks rule out funding Galilee coal exports!

8 April 2015 Three major French banks have announced they will not fund the mega coal mines proposed in the Galilee Basin, or associated infrastructure such as the new coal export terminals at Abbot Point. BNP Paribas, Societe Generale, and Credit Agricole have issued statements that bring to eleven the … Read More

Australian Government operative leans on US banks for big coal

11 February 2015 Documents released today through Freedom of Information (FoI) reveal that the Former Howard Government Minister Nick Minchin, a self proclaimed climate change ‘sceptic’, has lobbied at least one of the banks in the United States who last year committed to not finance the expansion of Abbot Point … Read More

Divestment Day live Oct 2014!

On the 17th and 18th of October, hundreds of Australians will be turning out to close their accounts in protest of the big banks’ role in funding dirty coal and gas projects. We’ll be tracking events around Australia right here on the live blog so stay tuned! Share on Facebook … Read More

Our application to the Westpac Community Leaders Awards

16 August 2014 Westpac recently put a call-out to ask for applications to their Community Leader Awards. We couldn’t resist putting in an application! We applied to the Westpac Community Leaders Awards because we believe that Westpac need all the help they can get to avoid new fossil fuel development, … Read More