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 The Budget

It may seem like Oliver to be so bold as to ask the Finance Minister for more gruel – but what the Dickens, Steven Joyce… is this Budget really as good as it gets?

Supposedly, the public was going to receive significant rewards – an election year lolly scramble no less – for the eight years of belt tightening that they’ve endured, and for the rundown of essential public services.

Well, what Budget 2017 delivered instead in Education and in Health were allocations barely sufficient to maintain the current levels of service delivery More>>

Scoop Full Coverage: of Budget Announcements & Reaction
Latest: Scoop Search

 
 

Auditor-General Stands Down For Investigation: Gordon Campbell On (Not) Taking Responsibility

So Martin Matthews, our current Auditor-General wishes he could have detected “earlier” the fraud that occurred on his watch at the Ministry of Transport. Hmmm. But he could have detected it earlier, surely? That’s the point. More>>

ALSO:

NGOs Pleased: Govt To Halt Collection Of Client Data

Brenda Pilott, the chair of ComVoices and national manager of Social Service Providers Aotearoa, congratulates the government on its decision to call a halt to the collection of individual client data until the concerns of not-for-profit service providers have been worked through. More>>

ALSO:

Gosh: Blasphemy Law Repeal Struck Down

Chris Hipkins, the MP who tabled a Supplementary Order Paper to add our Blasphemy Law to the Statutes Repeal Bill, said this was a "sad day for freedom of speech, tolerance, and leadership". More>>

ALSO:

Gordon Campbell: On The Navy’s Dealings With Fat Leonard, And Twin Peaks

At an official level, our “she’ll be right” attitude routinely spills over into a keen resentment of anyone who suggests the outcomes may be less than satisfactory… The Navy has now gone one step beyond. It won’t even ask itself whether it did a good job. More>>

ALSO:

NZDF: Fifth Rotation Of Troops Heads To Iraq

The fifth rotation of New Zealand Defence Force troops left today for a six-month mission training Iraqi soldiers. More>>

ALSO:

Gordon Campbell: On The Demonising Of Iran

Will New Zealand still be willing to pursue its recent trade overtures to Iran, now that US President Donald Trump has used his speech in Riyadh to single out Iran as the main source of terrorism and instability in the Middle East? More>>

ALSO:

 
 
 
 

Opening The Election Supporters

 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election