Kia ora John,
For over half a decade, we have shared updates with our supporters on which banks in Aotearoa are funding the climate crisis.
Throughout the years, the collection of data has led us to find that some of our major banks are lending and investing billions of dollars of our savings in coal, oil, and gas. By exposing the truth about our banks’ ties to the dirty fossil fuel industry, we were successful in pushing Kiwibank to go fossil free in 2020 - a win that could not have happened without your support!
I am emailing you today to let you know that we have updated our bank's table to make it easier for you to assess each bank based on its investment in fossil fuels and climate commitments. Everyone in Aotearoa deserves to know if their bank is funding the climate crisis and choose to make their voice count by calling on their bank to go fossil-free.
 As you can see from the above table, the big four Aussie-owned banks continue to invest in fossil fuels. They have the opportunity to make or break new fossil fuel projects - so it’s crucial we pressure them to divest from fossil fuels. You can find more details on our website - and what actions you can take to pressure these banks to go fossil-free.
Since 2016, the four Aussie-owned banks have loaned over $56 billion to the fossil fuel industry. This has enabled over 20 billion tonnes of emissions - more than 250 times the annual emissions of New Zealand! Right now, the coalition government’s war-on-nature fast-track consenting bill is threatening fossil fuel extraction in Aotearoa. The thing is - climate criminals can’t dig for fossil fuels without the finance to do so. This is why it is so crucial that we push our banks to go fossil-free. Let’s pressure our banks to pick up their game - and stop funding fossil fuels in the midst of a climate crisis. In hope and power, |
The fight to protect the climate we all rely on never stops, and it’s people like you that keep it going. Please help us ensure we can sustain our people-powered campaigns for a safe climate and better future. Become a regular donor today.
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350 Aotearoa's mission is to strengthen and grow climate action in communities across New Zealand. We coordinate national and local campaigns by providing education, practical tools, and support for community leadership.
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