ANZ customers divest in Melbourne!

On Saturday, 26 October 2013, a groundbreaking event happened for the fossil fuel divestment campaign in Australia. Nearly 30 ANZ customers collectively walked in to the Bourke Street Mall branch of the bank and closed their accounts in protest over ANZ’s financing of the coal and gas industries. Customers had … Read More

Stranded assets, anyone? Testing times for the fossil fuel market

ORIGINALLY POSTED IN RENEWECONOMY, 17 October 2013 The phrase “buyer beware” is a particularly pertinent one for fossil fuel investors in the current market. The combined effects of global climate action, renewables growth, economic decline and pollution reduction have worked to dampen growth and sap investor confidence, as well as … Read More

ANZ biggest gambler on dirty coal and gas exports

Melbourne, 31 May 2013 A new interactive map has been published that identifies ANZ as the commercial bank lending most heavily to coal and gas export projects along Australia’s Eastern seaboard, including in the Great Barrier Reef World Heritage Area. The map, by Market Forces in partnership with 350.org, allows … Read More