On Friday 7th October, NQCC coordinated the Townsville event for National Divestment Day. We went to our banks and gave them the message that if they continue to choose fossil fuels, then we will choose a different bank.
Customers turned out across Australia on the 7th and 8th of October 2016 to demand real climate change action from their bank! ANZ, Commonwealth Bank, NAB and Westpac were held accountable to the fact that they promised climate change action but continued to fund the expansion of the dirty fossil fuel industry. Accounts were closed, cards cut up and more letters of warning from customers who are ready to move their money if the banks don’t deliver real climate change action.
Jordan and Jacob closed their bank accounts with NAB because they aren’t happy to be customers of a bank that invests in fossil fuel projects.
Courtney and Maree went to the Commonwealth Bank and handed letters to the manager, telling them they are putting their bank “on notice”. That means that if the bank doesn’t take better action on distancing itself from fossil fuel investments, Courtney and Maree will choose to move to another bank. They also wrote another letter, that applauded the efforts of Commonwealth Bank in withdrawing from it’s financial advisory role to the Adani Carmichael mega coal mine, but asked the bank to go one step further and publicly rule out investing in the project. So far, only NAB has made this commitment.
Ben went to Westpac and delivered the same two letters indicating imminent divestment.
In this month’s Paperbark we have lots of updates about our campaigns and important details about upcoming events – including our AGM and Hell’s Gate Dam forum next Monday and our annual trivia night.
In this issue: Adani updates – save ARENA wrap – dead dugongs – marine parks – local water security – Boomerang Bags – saving frogs – divestment day – AGM and Hell’s Gate forum – our annual trivia night – Aussie Backyard Bird Count Continue reading “Paperbark E-newsletter October 2016”
Divestment Day 2016 is coming up! Here’s a quick guide to what divestment is, the successes that divestment campaigns have had so far, and what we are doing this year.
Divestment is the opposite of investment. It’s rearranging your finances so that you aren’t supporting the fossil fuel industry through your bank, investments, superannuation or insurance. We have power as consumers to choose financial services products in-line with our strongly held convictions about climate change. We can choose to no longer support financial institutions that are investing in fossil fuels. By people divesting from such corporations, we are sending a clear and loud message that their involvement with the fossil fuel sector is damaging their brand’s reputation and tangibly effecting consumer relations. Read more about the concept of divestment here. Continue reading “Divestment – what is it and why it works”
In this issue: Welcome back; Feeling the heat; NQCC News in brief; Carmichael Mine; Contaminated dust deposition; Water issues; A GLOBAL agreement on climate change – Paris December 2015; Divestment – Westpac commitment, Market Forces ‘Burned’ Report; improved SuperSwitch; Decarbonisation – Inspiration for Action; Earth Hour; Townsville Against Live Export; Turning clicktivists into real-world activists; Diary Dates. Continue reading “Paperbark: February 2016 – the monthly e-news of NQCC”
This is a summary (by a NQCC member in the audience) of material presented at “Hot Air” in Townsville on October 13. It went out to NQCC members in the newsletter a fortnight later and now, a month after the event, we have added links to the most recent news on the main issues.
Tim Buckley has kindly allowed us to reproduce his slides here – just click on any thumbnail or link.
On the same day that Tony Abbott opened Caval Ridge coal mine in the Bowen Basin, telling us that ‘coal is an essential part of our economic future’, Tim Buckley and Julien Vincent gave a presentation on ‘Stranded Fossil Fuel Assets’ and divestment organised by North Queensland Conservation Council in Townsville. Tim is Director of Energy Finance Studies, Australasia, within the Institute for Energy Economics and Financial Analysis where his job is to analyse markets. Julien Vincent is the lead campaigner with Market Forces. Continue reading “Stranded Fossil Fuel Assets”