Since 2015, our major banks have loaned over $21bn to fossil fuel projects in Aotearoa and offshore. New Zealanders need a bank we can trust.
We need a Fossil Free Bank, that guarantees, through investment and lending policies, a complete cut of corporate ties with the fossil fuel industry.
Banks operating in Aotearoa are minimising their extremely powerful role in the climate crisis. They hold significant power in supporting the fossil fuel industry’s continued development, by financing their operations. As the custodians of our savings, the banks have a duty to take real action on climate change and cut their ties with this industry.
Critically, our banks sustain not only the fossil fuel industry’s growth, but their social license too. By continuously investing billions of dollars into new and existing projects, the banks send the message that this is an industry that is acceptable to be associated with.
Our banks are investing billions of dollars in the fossil fuel industry. Since 2015, our major banks have loaned over $21bn to fossil fuel projects in Aotearoa and offshore -fueling the climate crisis. New Zealanders need a bank we can trust. We need a Fossil Free Bank, that guarantees, through investment and lending policies, a complete cut of corporate ties with the fossil fuel industry.Fortunately, our locally owned banks are ahead of the pack, in the race to become New Zealand’s first Fossil Free bank -but to reach the finish line they must commit to a policy guaranteeing they never will.Demand a Fossil Free Bank!
Can you chip in to help stop climate change and create a more just, prosperous world? Donate in two minutes now:
@ANZ_NZ claim to be a climate leader, but how can it be when behind closed doors it sponsors the Petroleum Club–an exclusive lobby group dedicated to stalling action on climate change? It's time to cut the greenwash and stop funding fossil fuels ANZ. #FossilFreeBankNZ @350nz
Check this out! @ANZ_NZ claims to be carbon neutral BUT in 2 years it has enabled 2.8 billion tonnes of CO2 by funding fossil fuel companies. Drop the fossil fuel industry, ANZ. Divest! #FossilFreeBankNZ @350nz