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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.

Australia’s big banks would like you to think they care about climate change and the environment. But don’t believe them. A new report by Greenpeace Australia has revealed the “big four” — Westpac, ANZ, Commonwealth and NAB — are investing billions of dollars in Australia’s dirty coal boom. Burning coal for energy is Australia’s single biggest contributor to climate change, making more than a third of the country’s greenhouse gas pollution. Australia is also the world’s biggest coal exporter — and the export trade is growing fast.