Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Westpac Must Stop Funding Climate Chaos and Dump Denniston

Westpac Must Stop Funding Climate Chaos and Dump Denniston

Auckland, 15 October 2013 - Today 350 Aotearoa and Coal Action Network Aotearoa launched a nationwide campaign demanding that Westpac withdraw its financial support for Bathurst Resources, the company that plans to mine the Denniston Plateau.

Supporters from the two groups created a “climate crime scene” outside Westpac’s Head office in Auckland’s Takutai Square today, delivering a letter to CEO Peter Clare, accompanied by bags of coal. The message was simple: Stop funding climate change.

Bathurst Resources plans to dig up to 84 million tonnes of coal from the West Coast’s beautiful Denniston Plateau that would add up to 218 million tonnes of carbon dioxide into the atmosphere and have a devastating effect on the area’s unique ecosystem. Westpac is providing financial backing for this project.

“Westpac says it puts sustainability at the heart of its culture and that this commitment covers operations as well as lending,” says Kristin Gillies, Coal Action Network Aotearoa spokesperson.

“The opencast Denniston coal mine is one of the most unsustainable and climate changing projects planned for New Zealand and Westpac should dump this dirty business.”

At least 80% of fossil fuels reserves must remain unburned if the world is to have a chance of staying below 2 degrees C of warming. The World Bank and European Investment Bank have recently announced their intentions to stop lending to coal projects, based on climate change concerns.

“Banks are waking up to the financial and ethical responsibility to stop funding coal. We’re asking Westpac to do the same, and stop this dirty lending,” said Ashlee Gross, 350 National Coordinator.

A website has been launched where the public can send letters to Westpac calling on them to ‘Dump Denniston.’ http://gofossilfree.org/nz/westpac

350 Aotearoa are also holding a Divestment Forum at 6pm tonight, 15th October, at the University of Auckland. A panel of expert speakers will explore the impacts and possibilities of the worldwide fossil fuel divestment movement. It will be held in Room 401, Building 401, 20 Symonds St.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Gordon Campbell: On The Flag Campaign

So far, the public has treated the government’s flag campaign with something between disinterest and disdain. Most New Zealanders have instinctively seen through the marketing hype involved. More>>

Change For 2017: Local Govt To Decide On Easter Sunday Trading

The Government is to enable local communities, through councils, to decide whether retailers can open on Easter Sunday, Workplace Relations and Safety Minister Michael Woodhouse announced. More>>

ALSO:

(And Targets Worse Than Australia's): Foresters Abandoning Emissions Trading Scheme

The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news