Bank comparison table - Take action

BANK COMPARISON TABLE – TAKE ACTION

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Bank*
Action
- Thank them
- Send enquiry
Action
- Tell them to stop
Action
- Request position
Action
- Tell their owners to stop
Name*
First Last
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Phone
Your message, thanking the bank for clarifying their position*
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I am writing to thank you for clarifying your position on investing in the fossil fuel industry, which I recently saw on the Market Forces website. This is a very important matter, as I am very concerned about the environmental and climate impacts of the coal, gas and oil industries. I am encouraged to see that not only are you avoiding investments that support these industries, but have taken a public position on the issue. I encourage you to continue promoting the fact that you are not investing in fossil fuels and the reasons behind your decision. Aside from the value it adds to a very important debate on this issue, I’m sure there are many others in Australia like me who want to know their money is not with an institution that finances environmentally destructive activities. Sincerely,
Your enquiry to the bank*
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Your message, telling the bank to stop funding fossil fuels*
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I recently became aware that your bank is a major investor in the fossil fuel industry in Australia through shares in coal, oil and gas companies. I am writing to urge you to change your investment policies so this does not continue. The expansion of fossil fuels in Australia is threatening our land and water resources, the health of people living close to these industries, and parts of our natural environment including iconic sites such as the Great Barrier Reef World Heritage Area. Further, the world is at a point where an urgent shift from fossil fuels to clean, renewable energy is needed if we are to avoid runaway climate change. Investments in coal, oil and gas are contrary to the notion of keeping global warming to within manageable limits. These investments also represent a major economic gamble. The world has agreed to keep human-made global warming to below 2˚C. In meeting that target, the vast majority of the world’s fossil fuel reserves are unburnable and the money invested in them wasted. We need to see leadership on the many issues that we face as a result of the continuation and expansion of the fossil fuel industry. I am asking you to demonstrate that leadership by publicly acknowledging that you will divest of fossil fuel companies and projects that involve the extraction, transport and combustion of coal, oil and gas, instead focusing your energy investments only on renewables and energy efficiency. I urge you to do the economic and morally right thing and stop investing in fossil fuels. Sincerely,
Your message, requesting the bank's fossil fuel lending position*
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I recently visited the Market Forces website to find out what your position is on investing in the fossil fuel industry. It was surprising and disappointing to learn that you have failed to clarify your position on investing in the fossil fuel industry. How my money is invested is extremely important to me. I am concerned about the environmental and climate impacts of coal, oil and gas and want to keep my money with a bank that is not supporting the fossil fuel industry. I ask that you write to both me and Market Forces (contact@marketforces.org.au) and provide a statement in response to the following question: What is your bank's position on investing in the fossil fuel industry (coal, gas and oil)? If you do not provide a statement, I will take that as an indication that you are investing in the fossil fuel industry and therefore not a suitable candidate for my business. I look forward to hearing from you soon. Sincerely,
Your message, telling the bank's owners to stop lending to fossil fuels*
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I understand that your bank's owners have loaned billions to the fossil fuel industry in Australia since 2008. I am writing to urge you to contact your parent company and ask that they change their lending policies so further loans are not made to the fossil fuel industry. The expansion of coal and gas in Australia is threatening our land and water resources, the health of people living close to these industries, and parts of our natural environment including iconic sites such as the Great Barrier Reef World Heritage Area. Further, the world is at a point where an urgent shift from fossil fuels to clean, renewable energy is needed if we are to avoid runaway climate change. Any new loans to coal and gas projects represent a massive risk to our prospects of keeping global warming to within manageable limits. These loans also represent a major economic gamble. The world has agreed to keep global warming to below 2˚C above pre-industrial levels. In meeting that target, the vast majority of the world’s fossil fuel reserves are unburnable and the money invested in them wasted. We need to see leadership on the many issues that we face as a result of the continuation and expansion of the fossil fuel industry. I am asking that you work with your owners to demonstrate leadership by publicly ruling out loans to projects that involve coal and gas extraction, transport and combustion, and instead focus your energy investments only on renewables and energy efficiency. I look forward to hearing back from you soon, and seeing evidence that you are taking this matter up with your parent company. Sincerely,

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BANK COMPARISON TABLE – TAKE ACTION

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