Climate justice organisation 350 Aotearoa welcomes ACC’s new climate change policy that lays out plans to decarbonise its investments but calls for ACC to commit to full divestment from coal, oil, and gas companies by 2021.
In the lead-up to Budget 2020, our 350 Aotearoa volunteers have been writing to local papers across the country, calling for our Principles for a #JustRecovery to be front and centre as our Ministers decide where to allocate infrastructure spending. Together we're creating social licence and public mandate for our response to COVID to set us on course towards a just, sustainable, equitable and resilient future.
Westpac’s announcement to end its financing of thermal coal projects by 2030 is a small step in the right direction. However, the bank needs to extend its phase-out of fossil fuel finance to oil and gas companies to support its commitment to limit climate change to 1.5C and achieve the goals of the Paris Agreement.