North Queensland Conservation Council

Divestment Day 2016 is coming up! Here’s a quick guide to what divestment is, the successes that divestment campaigns have had so far, and what we are doing this year.

What’s divestment?

Divestment is the opposite of investment. It’s rearranging your finances so that you aren’t supporting the fossil fuel industry through your bank, investments, superannuation or insurance. We have power as consumers to choose financial services products in-line with our strongly held convictions about climate change.

On Friday 7th October, NQCC coordinated the Townsville event for National Divestment Day. We went to our banks and gave them the message that if they continue to choose fossil fuels, then we will choose a different bank.

Customers turned out across Australia on the 7th and 8th of October 2016 to demand real climate change action from their bank! ANZ, Commonwealth Bank, NAB and Westpac were held accountable to the fact that they promised climate change action but continued to fund the expansion of the dirty fossil fuel industry. Accounts were closed, cards cut up and more letters of warning from customers who are ready to move their money if the banks don’t deliver real climate change action.