On Saturday 18 April, we celebrated World Heritage Day in style. Dozens of Commonwealth Bank customers turned out to divest from the bank outed as helping Adani secure finance for its planned mega coal mine and new export terminal in the Great Barrier Reef World Heritage Area.
Activists also rebranded the front of Commonwealth Bank’s Melbourne CBD branch to make sure its customers and the public know that if they want their money supporting dirty coal ports on the Reef, Commonwealth Bank is the bank for them.
Check out the video of the day here.
While major international banks continue to rule out finance for Galilee Basin coal mines and new export terminals at Abbot Point, Commonwealth Bank and the other big Australian banks have remained silent on the issue. This means that banks in New York, London, Paris and Edinburgh are effectively doing more than the big Australian banks to stop the environmental and destruction that would result from the opening up of the Galilee Basin to coal mining.