Lending to coal mines
Australia is the world’s biggest coal exporter, digging up hundreds of millions of tonnes each year. If our national carbon footprint were calculated to include emissions from exported coal, it would almost triple.
As well as driving dangerous global warming, coal mining also causes local environmental havoc, including the destruction of forests and farmland, reduced water availability and quality, and toxic air pollution.
We have identified over $11 billion worth of loans to the Australian coal mining sector from 2008 to 2016, with $3.7b coming from Australia’s big four banks.
Top lenders to coal mining in Australia 2008-2016
Is your bank on the list?
Tell them if they continue to choose fossil fuels, you’ll choose a new bank.