In advance of the Just Transitions Summit in 9 days time, 350 Aotearoa call into question the Government’s new Block Offer in onshore Taranaki, saying “opening up new permits for oil and gas flies in the face of a serious commitment to a just transition.”
The IPCC report makes the science clear: immediate action is needed to stay below 1.5 degrees if warming. Anyone who continues to support new fossil fuel projects is knowingly contributing to untold suffering and devastation across the world. Banks hold significant power in propping up the fossil fuel industry’s business as usual by financing their operations. Of New Zealand’s banks, ANZ are the biggest funder of of new expansionary fossil fuel projects. Despite publicly championing the Paris Climate Agreement, since 2015 ANZ bank have loaned over $7 billion dollars to fossil fuel projects. It’s time for ANZ to cut its ties with the fossil fuel industry and stop funding climate change.