Friday 22 May 2015

Anti-coal protesters target Commonwealth Bank

Anti-coal protesters target Commonwealth Bank

A group of environmental campaigners protested outside the Commonwealth Bank of Australia in London against the bank's investment in fossil fuels.

More than 100 protests are taking place at Commonwealth offices across Australia and around the world, including New York, Edinburgh, Tokyo, Ho Chi Minh and Auckland this week.

The bank is said to be in talks with mining giant Adani to invest in one of the largest coal mines and port expansion projects in the world - the Galilee Basin, Queensland.

Outside the bank’s London offices, protesters dressed as reef species and danced to Disney’s ‘Under the Sea’ urging the bank to scrap their plans.

The Galilee Basin coal projects will see 1.6 million cubic metres of sea floor dredged from the Great Barrier Reef.

Protestor Gabriel Davalos said: "The Commonwealth Bank cannot seriously expect to finance the destruction of one of the most beautiful places on the planet and get away with it.”

According to recent research from Market Force, the Commonwealth Bank is the largest financier of fossil fuel projects on the Great Barrier Reef.

The Bank of Scotland yesterday ruled out funding for the project and called on the Commonwealth Bank to do the same.

Written by

Bruna Pinhoni

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