ANZ is fuelling climate chaos
Australia’s dirtiest bank has invested $17,675,650,000 USD in fossil fuel projects.
ANZ claims to be taking action on climate change, but are one of the biggest lenders to fossil fuels in Australia.
ANZ has committed to achieving net zero by 2050, which means there can be no new investments in fossil fuels according to the International Energy Agency (IEA). Despite this, they have loaned $952 million to Whitehaven Coal, New Hope, Woodside and Santos – some of Australia’s most notorious polluters.
Keeping warming below 1.5 degrees means no more fossil fuel investments for ANZ.
We call on CEO Shayne Elliot and the ANZ board to bank on our future and end fossil fuel financing now.
How much does ANZ lend to oil and gas?
ANZ has invested a total of $17,675 million USD in fossil fuels since 2016, according to the Banking on Climate Chaos report. These are their top 10 biggest fossil fuel customers:
* This data comes from the Banking on Climate Chaos report by Rainforest Action Network
What can ANZ do?
Rule Out
Immediately stop financing companies and projects expanding coal, oil and gas
Divest
Divest from existing oil and gas investments by 2030
Invest
Invest in the rapid transition to renewable energy
Are you an ANZ customer? Put the CEO on notice.
Using your power as a customer, you can send a clear message to the CEO of ANZ that you don’t want your savings invested in climate wrecking fossil fuels like oil and gas.You can email Shayne Elliot shayne.elliott@anz.com and let him know that if they don’t rule out new fossil fuel lending and make a plan for phase out, you’ll close your accounts.
Feel free to bcc us on the email info@350.org.au
Pledge to divest
Join hundreds of others in pledging to close your ANZ account on Divestment Day October 7th
We can have a better future, safe from the impacts of climate change.
