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...
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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...
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...
Why we’re backing a former fossil fuel chief for the BHP board
Update - result: Ian Dunlop was unsuccessful in his campaigns to gain a seat on the BHP Billiton Board in both 2013 and 2014 - you can read a summary of the 2014 campaign on Ian's website. Read the initial post below: 20 October 2013 This is something we never...
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...
How to Switch Banks and Make it Count
This guide will take you through the main steps of moving your account to a bank that won't use your money to fund the next big coal or gas project. More importantly, it shows you how your divestment from your old bank can leave a lasting impression on them and...
Australian coal projects could be ineligible to receive Chinese finance
Australian coal projects could be ineligible to receive Chinese finance 24 July 2013 Chinese banks have been notified that several Australian-based coal export projects could be ineligible for credit under China’s Green Credit Directive. A letter from international...
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,...
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 2013 budget response
Melbourne, 14 May 2013 Responding to the 2013 Federal Budget announcement, Market Forces Lead Campaigner Julien Vincent said: “When it came to the major opportunities for boosting the budget by cancelling polluter handouts, the Government has again cowered to the...