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

 


Groups call on public to dump Westpac for funding coal mine

20 February 2014

Groups call on public to dump Westpac for funding Denniston coal mine

The campaign against Westpac bank’s financial interest in mining on the Denniston Plateau stepped up a notch today when Coal Action Network Aotearoa and 350 Aotearoa launched their “Make The Switch” campaign encouraging people to dump their Westpac bank accounts.

The two groups have today called on customers who oppose Westpac’s financing of Bathurst Resources, who plan to mine the beautiful Denniston Plateau, to dump their Westpac accounts. Public “bank switch” actions will be held across the country in early April.

“It’s a simple statement, either Westpac can keep their loan to Bathurst Resources, or they can keep the rest of us as customers. As a Westpac customer personally, I’ll be closing my account,” said Ashlee Gross, of 350 Aotearoa.

“We’ve been overwhelmed by the response we’ve had from Westpac customers who are shocked to learn their money is being reinvested in one of the largest new contributors to climate change planned for New Zealand. After 4 months, Westpac hasn’t listened to their customers’ concerns so they are now responding with their wallets and changing banks.”

The campaign against the bank has so far drawn over 1400 letters to the bank calling on it to withdraw its $5m loan to Bathurst Resources. It follows other fossil fuel divestment campaigns being run around the world, including Australia, where people have also been switching from banks that invest in fossil fuels.

Bathurst Resources says it will begin removing the “overburden” of the beautiful rocky outcrops and habitat to a range of biodiversity sometime this month, although it still hasn’t received full sign-off on its plans.

‘Westpac markets itself as a bank which does business sustainably. It needs to prove that this is more than marketing greenwash and stop financing climate chaos,” said Coal Action Aotearoa spokesperson Cindy Baxter.

“Investing in coal is becoming increasingly unpopular worldwide, and Westpac needs to get off the fence and embrace the clean tech future rather than new coal mines.”

Useful links:
1. The “switch” campaign page
2. The full list of reasons as to why we’re targeting Wespac
3. Bathurst’s “perfect storm”? CANA blog on the financial state of the company.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

The Kids: OECD Report Shows Huge Impact Of Poverty On Education

A new report from the OECD has again highlighted the negative effects of poverty, showing that disadvantaged children in New Zealand are more than six times more likely to underachieve in maths than children from wealthier homes. More>>

ALSO:

Pacific: NZ Pledges $500,000 To Help Address Zika

“With the Zika virus now confirmed in a number of Pacific countries, New Zealand is committed to helping limit the impact and spread of the virus in the region,” says Mr McCully. “New Zealand will provide $250,000 as a contribution to the WHO to implement the Pacific Zika Action Plan, and a further $250,000 to enable countries in the region to respond rapidly if required." More>>

ALSO:

Labour: Police Commissioner 'Doesn’t Get Force Needs'

The Police Commissioner has let down the public and his own force by insisting the police have what they need despite it taking a year to solve a burglary and overwhelming number of officers saying they are under-resourced, says Labour’s Police spokesman Stuart Nash. More>>

ALSO:

Gordon Campbell: On The US Pressure To Expand Our Role In Iraq

Foreign news services are being more forthcoming about what the “next 12 months” will entail – essentially, the defence ministers will be under US pressure to increase their “training” role preparatory to an assault on the city of Mosul in northern Iraq. More>>

ALSO:

Parliament Restarts: Prime Minister’s Statement

Our policy agenda and legislative programme will reflect the Government’s four priorities: • to responsibly manage the Government’s finances • to build a more competitive and productive economy • to deliver better public services to New Zealanders, an • to support the rebuilding of Christchurch. More>>

ALSO:

NZEI Survey Report: Special Needs Students Missing Out

The survey revealed that around 16 percent of students were on schools’ special needs registers, but nearly 90 percent of schools’ special needs coordinators did not believe there was adequate support for students and their learning... More>>

ALSO:

Interim Report: Waitangi Tribunal On Ture Whenua Legislation

Labour on Proposed changes to Maori land rules: “To have Treaty Negotiations Minister Chris Finlayson dismiss findings as ‘bizarre’ is totally disingenuous and disrespectful. What’s bizarre is Maori Development Minister Te Ururoa Flavell stubbornly pushing through this Bill before the Waitangi Tribunal has even completed its report..." More>>

ALSO:

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news