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

Gordon Campbell: On Drone Strikes And Judith Collins‘ Last Stand

The news that a New Zealand citizen was killed last November in a US drone attack in Yemen brings the drones controversy closer to home.

To the US, drones are a legitimate response to the threat posed by the al Qaeda organisation and its franchisees... To the US, the drones carry the added advantage of not putting US troops at risk on the ground, and minimises the need for putting them in large numbers in bases in the countries concerned, always a politically sensitive point.

The counter-argument, well articulated by security analyst Paul Buchanan on RNZ this morning, is that this particular drone attack can be said to amount to an extra-judicial execution of a New Zealand citizen by one of our military allies, in circumstances where the person concerned posed no threat to New Zealand’s domestic security. More>>

 

Parliament Today:

Policies: Labour’s Economic Upgrade For Manufacturing

Labour Leader David Cunliffe has today announced his Economic Upgrade for the manufacturing sector – a plan that will create better jobs and higher wages. More>>

ALSO:

Gordon Campbell: On The Life And ACC Work Of Sir Owen Woodhouse

With the death of Sir Owen Woodhouse, the founding father of the Accident Compensation Scheme, New Zealand has lost one of the titans of its post-war social policy. More>>

ALSO:

Bad Transnationals: Rio Tinto Wins 2013 Roger Award

It won the 2011 Roger Award and was runner up in 2012, 2009 and 08. One 2013 nomination said simply and in its entirety: “Blackmailing country”... More>>

ALSO:

Select Committees: Tobacco Plain Packaging Hearings

The Stroke Foundation is today backing the Cancer Society and Smokefree Coalition who are making oral submissions to the Health Select Committee in support of proposed legislation to remove of all branding from tobacco products. More>>

ALSO:

Milk: Oravida Asked For Cabinet Help

New evidence released by New Zealand First today reveals Justice Minister Judith Collins used her position to manipulate the Government to help her husband’s company, Oravida, after the Fonterra botulism scare, says New Zealand First Leader Rt Hon Winston Peters. More>>

ALSO:

With Conditions: Ruataniwha Consents Approved In Draft Decision

The Tukituki Catchment Proposal Board of Inquiry has granted 17 resource consents relating to the $265 million Ruataniwha Water Storage Scheme in a draft decision that would open more of the Hawke’s Bay to irrigation. More>>

ALSO:

Fast Lanes, Campervans: Labour 'Making The Holidays Easier For Kiwi Drivers'

The next Labour Government will make the holidays easier and journeys quicker for Kiwi families driving on the roads, says Labour Leader David Cunliffe. More>>

ALSO:

Gordon Campbell: On Royalty And Its Tourism Spin-Offs

Ultimately the Queen’s longevity has been one of her most significant accomplishments. A transition to Prince Charles while the monarchy was in the pits of public esteem in the mid to late 1990s would have been disastrous for the Royal Firm. Far more congenial representatives have now emerged... More>>

ALSO:

Privacy (Again): ACC Demands Excessive Privacy Waivers

Labour: “This is just another example of ACC under National deliberately acting to deny treatment and compensation... Those who did fill in the form have effectively been victims of yet another ACC privacy breach. This time Judith Collins knew it was happening..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news