Kiwi banks fuelling climate crisis
4 Nov 2022
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| 350 Aotearoa protestors blockading ANZ's Queen Street branch in 2016. |
New Zealand’s banks are financing the climate crisis, with billions of dollars of Kiwis’ savings invested in coal, oil, and gas, according to climate activists 350 Aotearoa, who are calling on customers to pressure their banks to go fossil fuel free.
The news comes as data suggests a generational shift means investors are going to be increasingly likely to consider environmental, social, and governance (ESG) factors in their investing, and vote with their wallets to tackle climate change.
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Story copyright © Carbon News 2022
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