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

 


Kiwis Dump Westpac over Fossil Fuel Investments

12 April 2014

Kiwis Dump Westpac over Fossil Fuel Investments

Today 8 Westpac customers gathered in Christchurch to hold a mass Westpac bank account closing event.

More than 160 people all over the country have signaled they plan to close their Westpac accounts this week as part of a campaign led by 350 Aotearoa and Coal Action Network Aotearoa calling on Westpac to stop its financing of Bathurst Resources, the company that has permits to mine the Denniston Plateau for coal.

‘Like so many other Westpac customers around the country, I have asked Westpac to make good on their sustainability promises and stop financing the company which plans to mine at Denniston,’ said 350 Christchurch supporter Tor Wainwright.

“Unfortunately, Westpac has not held up its sustainability commitments. They are funding climate change through their financing of Bathurst, so I am closing my accounts with them today.”

Recent media releases from Westpac have shown that even while they like to claim a strong record on “sustainability” they have questioned the science behind climate change. “I don’t want to do business with climate change deniers” said Wainwright.

The movement for institutions and corporations like banks to divest from fossil fuels is growing around the world, with banks such as the European Investment bank and the World Bank signaling they plan to stop new investment in new coal projects. Recently the Norwegian Government Pension Fund pulled all of its investments out of fossil fuel companies – including Bathurst. “Investing in coal mining is undermining all the work that people, families and communities are doing around the world to fight climate change,” said Wainwright. “I expect my bank to work with me for my future, not against me.”

Coal is a major contributor to climate change, the impacts of which will leave nobody untouched, according to the latest IPCC report released this month.

‘Westpac markets itself as the most sustainable bank. But investing in a company planning the most climate changing project in Aotearoa is the definition of unsustainable. Westpac can’t have its cake and eat it too when it comes to climate change,’ said Wainwright.

“Closing my bank accounts wasn’t easy or simple, but it feels good to know that I’m not allowing any of my money to fund this destruction. I’d rather be part of the solution than stay with Westpac and be part of the problem.”

More Info at http://350.org.nz/

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Cunliffe’s Last Stand

Right now, embattled Labour leader David Cunliffe has three options. None of them are particularly attractive for him personally, or for the Labour Party.

In scenario one, Cunliffe could resign immediately and trigger a leadership vote among the caucus, the party membership and unions affiliates. This would be a high risk gambit in that it would pre-empt any review of the Labour election campaign and would be likely to open up new divisions.

While one can safely predict the caucus would vote against Cunliffe, the wider party and union response would be unpredictable, given that Cunliffe (ineptly) ran a centrist neo-Goff/Shearer campaign this year and not the left wing campaign that those who voted him into the leadership were expecting him to pursue. More>>

 

'Safe To Re-Enter' - OIA Docs: Safety Is Absolute Priority At Pike River Mine

“We understand that the time it is taking to complete our evaluation of the risks is frustrating for the family members and we are trying to complete this work as quickly as we can,” Ms Dunphy says. “It is Solid Energy’s responsibility to make this decision and we will do so, once we have all the information required to make a fully-informed decision.” More>>

ALSO:

Images & Report: Mihi To Welcome Newly-Elected MPs To Parliament

The 29 newly elected MPs were welcomed into Parliament with a Mihi. Parliament’s current Speaker David Carter offered advice from his experience working in Parliament advising the MPs to work collaboratively. More>>

Gordon Campbell: On Labour’s Very Bad Year

While Labour leader David Cunliffe still appears to be in denial about the extent of Saturday night’s debacle, there was hardly a single redeeming feature about the election results for the centre-left... More>>

ALSO:

General Election NZ: National Win

Election Night: With almost all votes counted National and John Key have won a third term and are close to being able to govern alone if they so choose. Key has indicated he will still reach out to form a Government with ACT, United Future and Maori Party. More>>

ALSO:

Perfectly-Timed Anniversaries: Suffrage Day Is Last Chance To Enrol

“The last chance to enrol is Friday 19 September. You can’t enrol on election day.” More>>

ALSO:

Gordon Campbell: On First Time Voting (Greens)

For the last two days, I’ve turned my column over to a couple of guest columnists who are first time voters… Today’s guest columnist is Ana Avia-O’Connor, who will be casting her first time vote on Saturday for the Greens. More>>

ALSO:

Meddling: Aussie Liberals Embroiled In Key Campaign

John Key needs to explain why Australia’s Liberal Party is interfering in New Zealand domestic politics and is encouraging Kiwi voters across the ditch to vote for National just days out from the election, Labour’s campaign spokesperson Annette King says. More>>

ALSO:

SURVEILLANCE:

Election Ad Soundtrack: Rapper Eminem Sues National Party Over Copyright Breach

US rapper Eminem is suing the New Zealand National Party for alleged copyright infringement over unauthorised use of the rapper’s ‘Lose Yourself’ song in an election campaign advertisement. More>>

ALSO:

Big March: Call For An End To Domestic Violence

Hundreds of protesters marched down Lambton Quay to Parliament Monday calling for an end to domestic violence. Wearing white facemasks, waving banners and calling for “safety” for the women and children of New Zealand.. More>>

ALSO:

Pre-Election Chartering: Four New Partnership Schools To Open

Education Minister Hekia Parata today announced the Government has signed contracts to open four new Partnership Schools in 2015. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news