ANZ: Stop the loan to Whitehaven Coal

On Monday, ANZ Bank announced that it would cancel its $1.2B loan to Whitehaven coal because of concerns over the environmental and agricultural impact of a new coal mine. Amazing, right? Unfortunately, it was only a fake press release from a clever environmental activist.

But with all of the renewed attention on the mine after the clever stunt, we have a chance right now to kill this mine project once and for all. The Maules Creek open-cut coal mine in NSW would destroy up to 2,000 hectares of the Leard State Forest, home to koalas and other vulnerable species, not to mention generate tremendous amounts of greenhouse gas emissions.

ANZ has signed the Equator Principles, voluntarily promising not to loan money to projects that have a negative social or environmental outcome. Companies like ANZ are extremely vulnerable right now to consumer pressure on the environment, especially when it's made previous commitments to stop climate change. If enough of us shame them, ANZ will have no chance but to live up to their promises.

Tell ANZ Bank to stop the devastating destruction of our forest lands and climate by overturning the loan to Whitehaven coal and abide by the Equator Principles.

The fake press release actually ended up wiping more than $314 million off the value of Whitehaven coal, prompting the stock exchange to stop trading. It was an incredible testament to the power of disruptive activism. And we have a chance to keep it going, right now.

 

On Monday, ANZ Bank announced that it would cancel its $1.2B loan to Whitehaven coal because of concerns over the environmental and agricultural impact of a new coal mine. Amazing, right? Unfortunately, it was only a fake press release from a clever environmental activist.

But with all of the renewed attention on the mine after the clever stunt, we have a chance right now to kill this mine project once and for all. The Maules Creek open-cut coal mine in NSW would destroy up to 2,000 hectares of the Leard State Forest, home to koalas and other vulnerable species, not to mention generate tremendous amounts of greenhouse gas emissions.

ANZ has signed the Equator Principles, voluntarily promising not to loan money to projects that have a negative social or environmental outcome. Companies like ANZ are extremely vulnerable right now to consumer pressure on the environment, especially when it's made previous commitments to stop climate change. If enough of us shame them, ANZ will have no chance but to live up to their promises.

Tell ANZ Bank to stop the devastating destruction of our forest lands and climate by overturning the loan to Whitehaven coal and abide by the Equator Principles.

The fake press release actually ended up wiping more than $314 million off the value of Whitehaven coal, prompting the stock exchange to stop trading. It was an incredible testament to the power of disruptive activism. And we have a chance to keep it going, right now.

Sign our petition to ANZ Bank

Petition Text:


ANZ: Overturn the loan to Whitehaven coal and abide by the Equator Principles"

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