Uncovering the real hoax: ANZ Bank greenwash while financing coal and climate change

takver — Mon, 07 Jan 2013 12:24:33 +0000

For a moment farmers, conservationists and climate campaigners in the north west of New South Wales thought one of the big four banks - the ANZ Bank - was living up to it's sustainability charter and taking a lead: acting ethically with regard to not destroying agricultural land, maintaining biodiversity and preventing climate change.

A media release purportedly from the bank said it was withdrawing it's $1.2 billion loan for Whitehaven for development of a new coal mine at Maules Creek on agricultural and forrested land near Narrabri, New South Wales. Further, the letter said that "ANZ is currently undertaking a review of coal and gas investments on productive agricultural lands and areas of high biodiversity."

But it was not to be.

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