News

Australia: citizens drop banks over fossil fuel support

In Australia, Market Forces and other groups organised a National Divestment Day to #ReclaimPower.

On the 7th and 8th of October, customers of ANZ, Commonwealth Bank, NAB and Westpac publically closed their accounts in protest over their continuing support for fossil fuels. Since publicly announcing their support for the Paris agreement’s two degree limit, Commonwealth Bank, ANZ, NAB and Westpac have loaned a combined $5.6 billion to fossil fuel projects around the world.

From Adelaide to Brisbane to Cairns, customers stood up to the dirty lending practices of the richest banks in the country. The actions took place under the slogan: “If you choose fossil fuels, your customers will choose another bank!”