29 October 2013 Three weeks ago I opened up a new bank account with a bank that doesn’t invest in fossil fuels. Instead of completing the process in the traditional way (i.e. personally going into a branch) I thought I would try the online application process. I was absolutely amazed … 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
ANZ bank run: dozens of customers close their accounts in fossil fuel protest
Media Release: ANZ bank run: dozens of customers close their accounts in fossil fuel protest Melbourne, 26 October 2013 In an Australian first, dozens of ANZ customers collectively closed their accounts in protest of ANZ’s role as a major lender to the fossil fuel industry. Customers formed a queue stretching … 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
Sixty prominent Australians call on ‘big four’ banks to end fossil fuel investment
Melbourne, 28 June 2013 Sixty prominent Australians are calling on the CEOs of the big four banks to stop investing in the fossil fuel industry through an open letter organised by Market Forces and 350.org launched today. Nobel Laureate in Literature John Coetzee, two-time Booker Prize winning author Peter Carey, … 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