banks

Call to ban cluster bomb investment

During UN Disarmament Week (October 24-31), a bill to enact the UN Convention banning Cluster Munitions is to be tabled in the House of Representatives. However, it is unlikely to contain a provision prohibiting financial institutions from funding manufacturers of cluster bombs. It has been found that the ANZ bank has provided loans of $136.5 million to producers of cluster bombs.

Big banks behind dirty coal

Australia鈥檚 big banks would like you to think they care about climate change and the environment. But don鈥檛 believe them. A new report by Greenpeace Australia has revealed the 鈥渂ig four鈥 鈥 Westpac, ANZ, Commonwealth and NAB 鈥 are investing billions of dollars in Australia鈥檚 dirty coal boom. Burning coal for energy is Australia鈥檚 single biggest contributor to climate change, making more than a third of the country鈥檚 greenhouse gas pollution. Australia is also the world鈥檚 biggest coal exporter 鈥 and the export trade is growing fast.