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French banks rule out Galilee coal — now let’s make CommBank
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4:05 PM (12 minutes ago)
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Dear Friend,
In breaking news, Indian mining giant Adani can say au revoir to funding for the Galilee Basin mega coal mines from France’s three largest banks*.
Overnight, BNP Paribas, Société Générale and Credit Agricole have publicly ruled out involvement in the Galilee coal mines and expansion of Abbot Point port on the Great Barrier Reef. This is a huge victory and adds to the commitments of eight other European and Wall Street banks that have rejected this climate and reef disaster.
While their global peers show leadership, Australia’s big banks continue to fence sit. However, one bank has already jumped the fence. As we speak, the Commonwealth Bank is advising Adani and considering financing the largest mine in the Galilee Basin.
As Adani becomes increasingly desperate for money, they’ll be pressuring CommBank to fund this climate disaster harder than ever — which means that, over the coming months, we must show CommBank that Australians everywhere reject massive new coal expansions in the Galilee Basin and ports on the Reef.
And that’s why we are going to Raise the Heat on CommBank! From 19-23 May, at CommBank branches around the country, Australians everywhere — customers and non-customers alike — will engage in creative and bold actions to put the Bank’s reputation on the line. We’ll even be joined by friends taking action at CommBank offices around the world.
Sign up to take part in Raise the Heat actions at a branch near you!
The announcement last night from the major French Banks shows, once again, that there is no future for the Galilee Basin coal mines. Yet CommBank continues to block its ears to the enormous environmental, social and economic risks that have driven the major coal-lending banks away. That’s why, branch by branch, it’s time to make our case louder and more powerful than ever. It’s time to put CommBank’s reputation on the line.
Yours for a safe climate and reef,
Josh and Janelle for the 350.org Australia Team
P.s Can’t see a CommBank branch near you? Keen to be involved? You can register a CommBank branch of your choice here and help coordinate actions during Raise the Heat. We’ll be here to support you each step of the way — get started by registering a branch today.
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*Big French Banks Rule out Galilee Coal Funding, The Sydney Morning Herald, 8th April.
|
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French banks rule out Galilee coal — now let’s make CommBank
|
Inbox
|
x |
|
4:05 PM (12 minutes ago)
|
|
|||
Dear Friend,
In breaking news, Indian mining giant Adani can say au revoir to funding for the Galilee Basin mega coal mines from France’s three largest banks*.
Overnight, BNP Paribas, Société Générale and Credit Agricole have publicly ruled out involvement in the Galilee coal mines and expansion of Abbot Point port on the Great Barrier Reef. This is a huge victory and adds to the commitments of eight other European and Wall Street banks that have rejected this climate and reef disaster.
While their global peers show leadership, Australia’s big banks continue to fence sit. However, one bank has already jumped the fence. As we speak, the Commonwealth Bank is advising Adani and considering financing the largest mine in the Galilee Basin.
As Adani becomes increasingly desperate for money, they’ll be pressuring CommBank to fund this climate disaster harder than ever — which means that, over the coming months, we must show CommBank that Australians everywhere reject massive new coal expansions in the Galilee Basin and ports on the Reef.
And that’s why we are going to Raise the Heat on CommBank! From 19-23 May, at CommBank branches around the country, Australians everywhere — customers and non-customers alike — will engage in creative and bold actions to put the Bank’s reputation on the line. We’ll even be joined by friends taking action at CommBank offices around the world.
Sign up to take part in Raise the Heat actions at a branch near you!
The announcement last night from the major French Banks shows, once again, that there is no future for the Galilee Basin coal mines. Yet CommBank continues to block its ears to the enormous environmental, social and economic risks that have driven the major coal-lending banks away. That’s why, branch by branch, it’s time to make our case louder and more powerful than ever. It’s time to put CommBank’s reputation on the line.
Yours for a safe climate and reef,
Josh and Janelle for the 350.org Australia Team
P.s Can’t see a CommBank branch near you? Keen to be involved? You can register a CommBank branch of your choice here and help coordinate actions during Raise the Heat. We’ll be here to support you each step of the way — get started by registering a branch today.
—-
*Big French Banks Rule out Galilee Coal Funding, The Sydney Morning Herald, 8th April.