Open Letter to Shayne Elliot CEO ANZ Bank #auspol #qldpol #ClimateChange #StopAdani #NoNewCoal #Divest from fossil fuels. @ANZ_AU

Dear Mr Elliot

We congratulate the ANZ’s decision to stop investing in new coal.

As you know Australia has signed the Paris Climate Agreement to keep global warming below 2C degrees. Every nation on earth has now signed up to this agreement even though the U.S. under President Trump may withdraw.

The science is clear we must reduce greenhouse gas emissions and transition rapidly to a zero emissions economy to avoid catastrophic climate change.

According to this chart recently produced by Market Forces the ANZ still has $7.387 billion invested in fossil fuel.

The emissions from such investments are adding to climate change and air pollution.

The Great Barrier Reef has suffered from back to back bleaching in 2016 & 2017, most of the coral north of Cairns is already dead. With an El Niño year predicted latter this year more of the world heritage coral will die.

Sea level rise is a concern for Cairns with predictions as high as two metres by 2100.

The World Health Organisation has recently released this report on air pollution

2 May 2018, Geneva – Air pollution levels remain at dangerously high levels in many parts of the world. New data reveals that 9 out of 10 people breathe air containing high levels of pollutants. like black carbon which penetrate deep into the lungs and cardiovascular system.

WHO estimates that around 7 million people die every year from exposure to fine particles in polluted air that lead to diseases such as stroke, heart disease, lung cancer, chronic obstructive pulmonary diseases and respiratory infections, including pneumonia.

It’s time for your bank to draw the line on fossil fuels and invest in the transition to clean energy and a sustainable economy.

John Pratt

Spokesman for Stop Adani Cairns

One comment

  1. The fine particulates of air polution produces global dimming. Clean up the particulates, an absolute necessity, and the temperature increase fromglobal warming jumps by half a degree, and we therefore already exceed the Paris Accord 1.5 degree feel good target.

    Liked by 1 person

Appreciate your comments John