I learnt about this report earlier this year. I was curious to see where my bank stood. I was relieved to find it has no investments on coal though a bit dissapointed as it does not invest in renewable energy either.
“A new report commissioned by Greenpeace, Pillars of Pollution: How Australia’s Big Four Banks Are Propping Up Pollution, reveals the extent to which Australia’s big four banks are investing in polluting coal power – and they’re using your money to do it.” (Greenpeace)
ANZ, CBA, NBA and Westpac are the biggest polluters according to this report by Greenpeace (full report published in February 2011). Quite an entertaining reading relevant to the discussion raised during today’s tutorial on Environmental Policy and Communications about shaping public opinion. Each dollar counts here. So deciding on where to put your savings is also a way of taking positive action on the environment.
Find Greenpeace report (short and long version) and the responses from the banks and Greenpeace at: