Westpac took a big step forward on climate change action in 2017 when it announced that it would no longer invest in low quality thermal coal projects, like Adani’s Carmichael mine.
But since then, Westpac has ramped up its investment in fossil fuel projects, with lending to coal mining rising from $0.58 billion in 2017 to $1.4 billion in 2018.
In just a few months, Westpac has the opportunity to reclaim a leadership position among the major banks by setting a bold climate policy that aligns with the Paris climate agreement.
Right now Westpac’s board will be making huge decisions about the company’s future exposure to the fossil fuel industry.
As a Westpac employee, your voice is powerful and we urge you to show Westpac the strong leadership on climate that we need at this critical time.
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