MARKETS

Greenpeace takes anti-coal campaign to ANZ

TWO Greenpeace activists were arrested at the ANZ Bank in Brisbane yesterday after abseiling down the building to hoist up the banner “ANZ: Polluting your world”.

Blair Price
Greenpeace takes anti-coal campaign to ANZ

The activist organisation recently released an eight-page report which found that all of Australia’s big four banks were great financiers of Australia’s biggest export industry.

But Greenpeace discovered that ANZ was ahead of its peers by providing nearly $A1.6 billion of total coal-related finance over the past five years.

Specifically for coal mining projects, the bank lent $727 million over this timeframe, with National Australia Bank taking second place in the report with $633 million of finance.

Yet the Commonwealth Bank was the biggest lender for crucial coal port developments, providing $440 million, and ANZ was in second place with $309 million.

NAB did not provide any lending in this area, according to the report.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.