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May 13, 2021

Bank ‘named and shamed’ over coal, gas lending

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Lock the Tweed will be holding an action on the footpath outside the ANZ Bank branch at Murwillumbah on Tuesday 21 January, 9–11am to ‘name and shame’ ANZ.

ANZ has been the leading Australian bank financer of coal ports and gas processing facilities on the Queensland and NSW coast since 2008, lending more than $2.3 billion to these projects.

ANZ has also financed Whitehaven Coal to the tune of $1.2 billion to support their coal mine project at Leard Forest.

These developments are having a devastating impact on our land, our water, our communities, our health and the environment.

The coal ports and gas-processing facilities are putting the very existence of the Great Barrier Reef at risk.

We encourage community members across the northern rivers to join with us in ‘naming and shaming’ ANZ.

This action is particularly critical given the latest developments at Leard Forest.

NSW State Forests tried to close down the protest camp and have now closed Leard Forest to public access, handing it over to the coal miners.

You are invited to attend the action at Murwillumbah (especially if you live in the Tweed shire) or, if you don’t live near Murwillumbah, gather outside your local ANZ branch at 9am on Tuesday 21 January.

It would be great to see actions outside many ANZ branches on the same day right across the northern rivers.

This action supports the Market Forces bank disinvestment campaign and will encourage ANZ customers to participate by attending meetings being organised by Tweed CAN for February/March to support ANZ customers to switch their accounts to financial institutions that do not invest in coal and gas projects.

The action is also aimed at encouraging community members who don’t bank with ANZ to make the bank aware of their views.

We will be handing out brochures to ANZ customers inviting them to warn ANZ that they will consider closing their accounts unless ANZ revises its lending policies.

We will also be inviting general community members who don’t bank with ANZ to make their views known to the bank. The brochures we will distribute include letters to fill in and submit to ANZ.

The other big Australian banks are, of course, no better. They are just not involved as much as ANZ. This is why ANZ is being targeted first, but the others are in the queue.

Michael McNamara, Lock the Tweed


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