To the CEOs of ANZ, Commonwealth Bank, Westpac and NAB,
The expansion of the Abbot Point coal port and the construction of the associated Galilee Basin coal mine and rail infrastructure in Queensland would put our climate and the Great Barrier Reef at great risk. As a concerned member of the community, I request that you make a clear public commitment to rule out any involvement in arranging or providing finance for new coal terminals (either directly or indirectly) at Abbot Point, and related coal mine and rail infrastructure.
Plans to build the world’s largest coal export port at Abbot Point, on the Great Barrier Reef, are threatening our climate and one of the world’s most treasured natural icons.
To avoid catastrophic climate change, we need to keep at least 80% of the world’s fossil fuel reserves in the ground. The Abbot Point expansion would enable coal companies to unlock nine new mega coal mines in Queensland’s Galilee Basin, tripling Australia’s carbon emissions and doubling our coal exports. This one project alone will make it almost impossible to secure a safe climate future.
The good news is that we can change this. The coal companies building Abbot Point and the associated Galilee Basin coal mine and rail infrastructure can’t go it alone. They need the support of major Australian and international banks. Already, international banks including Citibank, Deutsche Bank, HSBC, Barclays and the Royal Bank of Scotland have ruled out involvement at Abbot Point – with some also ruling out investing in the mines and rail. If we can convince Australia’s Big 4 Banks to do the same, then the chances of these projects going ahead are mighty slim.
We need to show our banks that we don’t support them financing climate and reef destruction. We need to show them that the risks of financing Abbot Point are simply too high to bear.
Help us send a strong message to the Big Banks by taking action today:Add your name to the petition »
Increasingly, major banks are coming under pressure to rule out involvement in coal projects. Learn more…