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

Anzac Issue Out Now: Werewolf 47

Alison McCulloch: Lest We Remember

Local iwi have plans to spruce up the Te Ranga site as part of the 150th commemorations this year of key battles in the “New Zealand Wars”, but not a lot of money to do it with.

Information gathered from numerous government agencies shows that while more than $25 million is being spent on monuments and commemorations relating to foreign wars, primarily World War I and its centenary, only around $250,000 has been set aside for those fought on our own soil. More>>

Anne Russell: Anzac Day - Identity Politics, With Guns

Even cursory research into media reports from the past forty years reveals a cultural shift in the commemoration of Anzac Day. Among other things, turnout at Dawn services has increased significantly in recent decades.

Contemporary numbers are estimated at 3,000-4,000 in Wellington, and 10,000-15,000 in Auckland. Newspaper reports from the 1970s and 80s estimated Wellington turnouts at 300-800, and Auckland at anywhere from 600 to 4,000. More>>

 
 

Parliament Today:

Spookwatch: New Inspector-General Of Intelligence And Security Appointed

Prime Minister John Key hasannounced the appointment of Cheryl Gwyn as Inspector-General of Intelligence and Security. The appointment was made by the Administrator of the Government on behalf of the Governor General and is for a term of three years. More>>

Crowdsourcing: Green Party Launches Internet Rights And Freedoms Bill

The Green Party has today launched the Internet Rights and Freedoms Bill, New Zealand’s first ever Bill crowdsourced by a political party. More>>

ALSO:

Gordon Campbell: On The Shane Jones Departure

Shane Jones has left Parliament in the manner to which we have become accustomed, with self interest coming in first and second, and with the interests of the Labour Party (under whose banner he served) way, way back down the track. More>>

COMMENT:

Multimedia: PM Post-Cabinet Press Conference - April 22 2014

The Prime Minister met with reporters to discuss: • The recent improvement in the economy with a growing job market • Income and wealth inequality • Easter trading laws • The New Zealander killed in a drone strike in Yemen... More>>

ALSO:

Easter Trading: Workers 'Can Kiss Goodbye To Easter Sunday Off'

The Government’s decision to “reprioritise” scarce labour inspector resources by abandoning the enforcement of Easter Sunday Shop Trading laws means workers can kiss goodbye to a guaranteed day off, says Labour’s Associate Labour Issues spokesperson Darien Fenton. More>>

ALSO:

ACT Don't Go For Maximum Penalty: Three Strikes For Burglary, Three Years Jail

Three strikes for burglary was introduced to England and Wales in 1999. As in New Zealand, burglary was out of control and given a low priority by the police and the courts. A Labour government passed a three strikes law whereby a third conviction for burglaries earned a mandatory three years in prison... More>>

ALSO:

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. More>>

ALSO:

Elections: New Electorate Boundaries Finalised

New boundaries for the country’s 64 General and seven Māori electorates have been finalised – with an additional electorate created in Auckland. More>>

ALSO:

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:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news