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We've Done The Maths, now how do we divest?

With Abbott sending clear signals that he intends to fast-track approval for large scale coal mines if elected to power later in the year and with Rudd’s position on the Carbon Tax still unclear it’s vital that Australia’s coal export industry and domestic coal based Energy industry be put on the political centre stage in the lead up to this election.

Big Coal knows the writing‘s on the wall, and that they only have a limited time-frame in which to lock in investment in future coal production before it is no longer cost competitive.

The finance and investment sector are at a tipping point too. Forward thinking investors are beginning to realise investing in coal long-term does not make economic sense (let alone equate an act of environmental suicide).

Inspired by the recent Bill McKibben Do The Maths tour there’s a grassroots momentum growing across Australia calling for financial institutions to divest from coal in the name of economic risk management and in the cause of Environmental Responsibility - Greenup’s invites you to join this growing crowd calling for their Banks, Superannuation and Investment Funds to divest from coal.

At this month's GreenUps we will be discussing the Maths, the Politics and Divestment Strategies. We will also be engaging in some Digital Activism so bring your smart phones, tablets and other socially connected devices so you can help get your message out.

If you can’t make it along tonight I encourage you to show your support and do your bit to Divest.

Please sign this open letter to the heads of the big four banks urging them to adopt critical change in their investment policies.

Send a message to your banks putting them on notice that they must end loans to new coal and gas mining, transport and export projects or you will withdraw your business.

For more info on this campaign
350.org

Market Forces
Go Fossil Free Australia
The Conversation – Do the Maths: Bill McKibben argues for divestment
Renew Economy - Will financial markets veto Australia’s mega coal mines?

 

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  • Ben W.

    Smaller numbers this month, but great crowd. i had some excellent conversations about the distinction and effects of divestment vs ethical investment.

    1 · July 4, 2013

  • A former member
    A former member

    Might not be able to be there on time but would like to meet other greenies. My mobile:[masked]

    July 1, 2013

  • Josh W.

    350.org is working on this Australia wide (e.g. http://gofossilfree.org/australia/ ), including the Sydney chapter of 350.org. Two upcoming events being run by the Sydney chapter are a workshop on divestment strategies around July 20/21 near the CBD, and a public forum on divestment in August. Contact [masked] if you'd like more info about the campaigns and action 350 is doing and if you'd like to get involved

    June 27, 2013

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