Media release: Big Four banks lose customers over fossil fuel gamble

Big Four banks lose customers over fossil fuel gamble 3rd May 2014: This weekend, hundreds of customers with Australia’s biggest banks have shut down their accounts to protest the banks’ lending to Australian coal and gas projects. Public divestment actions took place in fourteen cities and towns across Australia on … Read More

Barbara’s ANZ divestment story

13 March 2014 Barbara Thomas from Murwillumbah appeared in the news recently to announce plans to divest from ANZ over their support of the fossil fuel industry, which is threatening the local environment. Barbara and other residents of northern New South Wales will be closing their accounts with the major … Read More

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 Australian investors such as universities, religious groups and … Read More

Coal and gas concerns could shift $247 billion in super funds

Melbourne / Canberra, 11 March 2013 Polling has revealed that a quarter of superannuation fund members – representing $247 billion in pooled funds – would be prepared to move change superannuation funds if their current provider is found to be invested in coal and coal seam gas. The poll, conducted … Read More