8 March 2014 At city branches in Melbourne and Sydney today, dozens of Westpac customers turned out to close their accounts in protest over Westpac's multi-billion dollar support of the fossil fuel industry. Since 2008, Westpac has loaned close to $3 billion to the...
Fossil Fuels
How to avoid the carbon bubble
5 March 2014 Want to kick fossil fuel companies out of your investments but don't know how? Worried that excluding fossil fuel companies might harm your financial health? Worry no more. Market Forces and 350.org commissioned The Australia Institute to study how people...
Cutting Fossil Fuel Subsidies a boon for the budget, reduces pollution
Cutting Fossil Fuel Subsidies a boon for the budget, reduces pollution 27 February 2014 An alliance of Australia’s leading environment and community organisations has today renewed its call for the Australian Government to cut fossil fuel subsidies. The Federal...
Fossil fuel stocks increase risk, not returns
Fossil fuel stocks increase risk, not returns New report makes the case for divestment by ethical and responsible investors Sydney, 5 March 2014 Investments in coal, oil and gas increase financial risk without increasing returns, according to a new report aimed at...
“Age of Entitlement” alive and well for fossil fuels
Originally posted in RenewEconomy on 3 March 2014 "Age of Entitlement" alive and well for fossil fuels As Australian industries queued up in early 2014 to announce their impending closure, adding tens of thousands to the ranks of the unemployed, Joe Hockey was...
Want to win a sustainability award? Fund climate change.
24 January 2014 Last year it was ANZ being named "best in class" in the Dow Jones Sustainably Index's banking sector. Then, overnight, Westpac claimed the title of the "world's most sustainable firm" at the World Economic Forum in Davos. It's hard to know where to...
Protestors take ANZ’s AGM by storm, highlighting fossil fuel investment risks
BRISBANE, 18 DECEMBER 2013: Shareholders and bank executives will be left in no doubt about the bank’s position as number one financer of coal mines in Australia and its position as the world’s 19th largest climate offender as they made their way into the bank’s AGM...
ANZ customers divest around Australia!
14 December 2013 One hundred ANZ customers have closed their accounts in activities across Australia, protesting the bank's role as the country's leading lender to the fossil fuel industry. In Melbourne, Canberra, Adelaide, Perth, Sydney, Hobart and Brisbane,...
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...
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 and...