Mining corporate giant Adani is planning on constructing the world’s largest coal mine in Carmichael, Australia directly on Aboriginal land. The mine will destroy Indigenous land, contribute to the further decimation of the Great Barrier Reef, and contribute significantly to climate change in general.
We successfully got Westpac to pull out of funding the coal mine, which means that Adani will no longer be getting any bank support. Now the next step is to get the Australian government to see the light and stop supporting the mine. We also put pressure on Australia during our Global Divestment Mobilisation in mid-May, 2017.
NZ Super Fund campaign
Funding giant, Vanguard International, has recently stated that it will base its ethical investment principles on the New Zealand Superannuation Fund. This means that if NZ Super Fund divests from fossil fuels, there will be a domino effect due to Vanguard also divesting. Multiple KiwiSavers use Vanguard as a fund provider, so if they divest, it will make divestment a lot easier for KiwiSaver schemes (see below).
Sign the petition to tell NZ Super Fund to divest from fossil fuels, and provide the much-needed example for our KiwiSaver funds!
Recent news of the default KiwiSaver funds’ investments in cluster bombs shocked people around the country. In addition, these funds are also invested in fossil fuels, which have similar destructive abilities to weapons – the climate catastrophes they cause decimate entire villages, towns, and ecosystems.
The new KiwiSaver scheme, Simplicity, has the power to pressure funding giant Vanguard International to go Fossil Free.
Sign the petition to tell Simplicity to put pressure on Vanguard, and give us a fossil-free KiwiSaver fund!
It has been a productive year for 350 Aotearoa!
Westpac pulls out of giant Adani coal mine
Due to a groundswell of pressure from climate activists from Australia and New Zealand, Westpac finally committed not to fund the giant coal mine in Queensland, Australia: The Adani Carmichael coal mine. We are now working on getting the Australian government to halt its support of the mine.
Auckland Council divests from coal, oil and gas
After a long campaign from volunteers at 350 Auckland, Auckland Council announced on April 11, 2017 that they would fully divest from fossil fuels.
Auckland Council pulled its more than $15 million out of oil companies like Exxon and Anadarko. They are now consistent with their commitment to the C40 Initiative, and their a Low Carbon Action Plan.
University of Canterbury partially divests
In April 2017, University of Canterbury announced that they would pull all of their direct investments from fossil fuel companies, and keep indirect investments below 1%.
Otago University divests
On September 13, 2016, Otago University announced that they were withdrawing their investments in coal, gas and oil. This was a hard-won campaign that took a huge amount of work by dedicated students, staff and supporters. Much celebrating was had. Otago University is the second New Zealand university to divest from fossil fuels, after Victoria University of Wellington.
ANZ pulls out of Petroleum Conference sponsorship
We’ve had some much-needed success in stopping ANZ’s sponsorship of this year’s NZ oil conference. ANZ was previously a gold level sponsor of the Petroleum Conference, where New Zealand government and leading companies in the oil industry came together to discuss the dirty future of New Zealand’s energy. Due to pressure from 350 Aotearoa’s protests, ANZ chose not to sponsor this year’s Petroleum Conference!
Break Free Aotearoa
We also took part in a Break Free 2016. Break Free from Fossil Fuels is a global movement to keep coal, oil and gas in the ground. For two weeks in May, more than 30,000 people across the world participated in peaceful actions to demand that fossil fuels stay in the ground.
Here in New Zealand, 500 motivated enthusiasts and local volunteers from 350 Aotearoa around the country were involved in peaceful protests against fossil fuels. Break Free Aotearoa’s campaign targeted ANZ bank, due to ANZ being the largest lender to fossil fuel projects in Australasia. Break free in Aotearoa was launched with a beach party! Then, ANZ banks in Auckland, Wellington, Christchurch and Dunedin were blockaded and and/or shutdown by protesters standing up for the environment. A big thank you to everyone involved!
We also have work that our local groups have been involved with university divestment. We currently have campaigns at:
Otago University – Update: We won!
University of Canterbury – Update: They partially divested!
Check out our list of divestment wins as well!