Westpac called on to quit fossil fuels at its AGM

Melbourne, 13 December 2013 After two major new coal and gas projects were approved in the Great Barrier Reef World Heritage Area this week, activists have unfurled two giant banners at the Westpac annual general meeting, calling on the bank to end investments in the fossil fuel industry. The 7 … Read More

Earth to Westpac: DIVEST!

13 December 2013 This is how to deliver an important letter! Westpac shareholders and staff at their annual general meeting in Melbourne were met with two huge banners, carrying the names of over three thousand people who have signed our open letter, calling on the bank to end fossil fuel … Read More

Lucie’s Commonwealth divestment story

7 December 2013 Back in the autumn of 2013 I got interested in the idea of investment as a way to combat climate change and in August I decided to start my action with my bank: the Commonwealth Bank of Australia. I began by contacting CBA to outline my concerns … Read More

One hundred customers abandon Commonwealth Bank in fossil fuel protests

One hundred customers abandon Commonwealth Bank in fossil fuel protests 2 November 2013, Melbourne / Sydney / Brisbane / Perth, 2nd November 2013 Over one hundred Commonwealth Bank customers have publicly closed their accounts in protest of the bank’s role as a major lender to the fossil fuel industry. Activities … Read More

Commonwealth Bank customers across Australia divest!

2 November 2013 One hundred Commonwealth Bank customers turned out at branches across Australia on the 1st and 2nd of November to close their accounts in protest at the bank’s investments in the fossil fuel industry. Divestment actions at Brisbane, Byron Bay, Sydney, Canberra, Melbourne and Perth saw customers turn … Read More

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