10.4 C
Byron Shire
May 20, 2024

Banks hit by Fossil Free protests

Latest News

Consumer watchdog asked to investigate MasterChef ‘renewable gas’ claims

Claims that ‘renewable gas’ is making MasterChef 'greener' are under scrutiny following a complaint to the ACCC.

Other News

Bev knows how to make a boob of herself

Some women make you feel good about yourself right to your marrow. Bev Killick is one of those women. She’s not a cutesy storyteller, she’s our Phyllis Diller, a graduate of the bold and brassy school of stand-up, delivering a non-stop energetic set every time. As soon as she blasts her way on stage, you know you’re in for a treat.

Domestic violence

It has occurred to me that as many women who experience domestic violence are forced to flee their homes,...

Big tech, porn, violence and young blokes

I know it’s time we talked. The trouble is, I don’t know exactly what to say. But let’s try this...

Homicide investigation following fatal crash – Wardell

Police are appealing for information as a homicide investigation is launched following a fatal crash near Wardell earlier this year.

National Volunteer Week honouring locals who give back

Tweed Shire Council will use National Volunteer Week to celebrate the significant contribution volunteers make across the Tweed, and to spotlight those who selflessly give back to the community.

Foodie fest on the table

Food and culture takes centre stage this week, as Caper Byron Bay Food & Culture Festival returns May 17 to 26.

Scissors at the ready! Wren Mclean and Amelia Hicks have divested from the CBA over the bank’s fossil fuel investments. Photo Jeff Dawson
Scissors at the ready! Wren Mclean and Amelia Hicks have divested from the CBA over the bank’s fossil fuel investments. Photo Jeff Dawson

Jim Beatson

A mini-divestment campaign hit Byron Bay’s Commonwealth Bank last Friday as four residents closed their accounts in protest over what they claim is the bank’s investment in fossil fuels and environmental destruction.

The four – Amelia, Wren, Daniel and Ingrid – joined the Go Fossil Free divestment campaign, which has revealed that the Commonwealth Bank has over $1.5 billion invested in Australia’s east coast coal, gas and oil industries.

But it’s not just the Commonwealth Bank that invests heavily in fossil fuels; the other three big banks – the NAB, ANZ and Westpac – have also been linked.

Amelia said, ‘Its counterintuitive for my money to be invested in the coal and gas industries, which negatively impact on my future by accelerating climate change. I took a moral stand.’

Wren meanwhile said she felt happy about closing her account, noting that the Commonwealth Bank had more than $1 billion invested in expanding coal and gas port facilities in the Great Barrier Reef World Heritage Area. ‘I’m feeling great about taking the next step to lightening my ecological footprint and not supporting destructive industries that threaten the future of life on Earth.’

Demonstration organiser Sabine Pinon said, ‘This is just the start of our local Go Fossil Free (GFF) campaign, linked to events happening today outside Commonwealth Banks in every Australian capital. The combined loans by our four biggest banks just in east coast coal and gas ports since 2008 is $6.5 billion.

‘Over the next two months we will target each of the big four banks, revealing their investments.’

Inspired by Mandela

The Australian GFF branch is part of a global movement inspired by the worlds’ foremost climate change campaigner, Bill McKibben.

Ms Pinon said, ‘Bill explained on his recent visit to Australia that when Nelson Mandela was released from jail and became South Africa’s president, he quickly went to the US’.

‘But not to the White House – he went to churches and universities to thank them, saying the really critical action that ended apartheid was them and European divestment campaigns.’

Contact [email protected] or visit the website, www.gofossilfree.org/australia.


Support The Echo

Keeping the community together and the community voice loud and clear is what The Echo is about. More than ever we need your help to keep this voice alive and thriving in the community.

Like all businesses we are struggling to keep food on the table of all our local and hard working journalists, artists, sales, delivery and drudges who keep the news coming out to you both in the newspaper and online. If you can spare a few dollars a week – or maybe more – we would appreciate all the support you are able to give to keep the voice of independent, local journalism alive.


Please enter your comment!
Please enter your name here

Stone & Wood wins at Australian International Beer Awards

Stone & Wood Brewing are proud to announce a big win at the Melbourne Royal Australian International Beer Awards held last night, with the brewery’s Big Pale Ale taking home the title of Champion Australian Beer. Big Pale Ale also took out the Best Australian Pale Ale category.

Cabarita Beach powers up with new EV fast charger

The future of sustainable transport is rolling into northern NSW with the opening of a new electric vehicle fast charging station at Cabarita on the weekend.

Wombat burrows provide critical shelter for other species

A new study, published in the Journal of Mammalogy, found wombat burrows help other animals by providing critical shelter for numerous species following severe wildfire, and may even be an important source of water.

Hundreds of DV arrests across state

Police have charged more than 550 people during a four-day operation targeting the state’s most dangerous domestic and family violence offenders.