21.1 C
Byron Shire
October 25, 2021

Banks hit by Fossil Free protests

Latest News

#Bigbadbiomass rally at Condong sugar mill

Around 50 people gathered on Friday morning at the big fig tree near the Condong sugar mill to join the world-wide #Bigbadbiomass protest against the use of biomass to create energy and to emphasise that burning biomass is not ‘environmentally friendly’.

Other News

Mutual obligation or mandatory vax?

There is much being said about the pros and cons of the vaccination. Do we? Don’t we? Must we? Must...

COVID-19 update: 5 new cases in the NNSWLHD

Northern NSW Local Health District, Acting Chief Executive, Lynne Weir, says there were five new cases of COVID-19 reported for the District to 8pm last night, 21 October.

A dumb act of STP

Council is stating that breaches of licence conditions, in part, justifies spending $10m on transferring raw sewage from Ocean...

Diadem Street, Lismore

Around 2,000 residents in Lismore lost their electricity connection on Wednesday night after a large gum tree took out power lines.

Charges laid after police pursuit at Murwillumbah

Officers from Tweed/Byron Police District have been investigating several incidents of stolen motor vehicles from within the Kingscliff area over the past month.

Government secrecy around health advice defended by local Nats MP

The NSW Liberal-Nationals government’s attempt to block transparency around its health advice with the COVID-19 outbreak in Sydney last June will now become public.

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

Can businesses ask for your vax status?

Currently, throughout the business community, we are witnessing uncertainty with respect to business owners asking the question – should we ask customers about their...

Tracking the hardening coast

Researchers are watching our shorelines get harder and simpler.

Recycling polystyrene just got easier at Lismore’s Recycling & Recovery Centre

The Lismore Recycling & Recovery Centre has a new machine that can recycle polystyrene which will help the facility increase the capacity to deal with this earth-wrecking synthetic-aromatic-hydrocarbon-polymer.

4WDs multiplying on Seven Mile Beach?

Beach users in Lennox Head are reporting much higher numbers of 4WDs on Seven Mile Beach recently, along with an increase in hooning behaviour. Since...