Divest your bank & super

Protect the irreplaceable. Move your money away from fossil fuels. 

Large swathes of Australia, on land and offshore, are at risk of gas extraction through gas permits, leases, licenses and release areas. Shockingly, 28% of Australia's land mass is currently subject to gas exploration or applications from gas companies. [1]​ These openings for gas exploration are a direct threat to the irreplaceable, iconic places that we love, all around Australia. 

Places like the ancient Pilliga forest, located beside the Warrumbungles National Park​​, where Santos plans to drill 850 coal seam gas wells. [2] Or the spectacular coastline of the Otway Basin, where just 5km away from the famous Twelve Apostles​, new areas have been opened up for offshore oil and gas exploration. [3] And the remote Kimberley region, with its dramatic gorges, ranges, and coastline, which has already seen a gas company clear a 14,000km​ straight line through it's bushland. [4]


Consensus from climate scientists, the European Union, and The United Nations, tells us that to avoid dangerous climate change, there can be no new fossil fuel infrastructure. [1]​ Australia is the land of wind and sun. We can and must rapidly transition to 100% renewable energy. [5]​

And yet, many of our banks and superannuation funds are investing our hard earned money into unneeded and destructive fossil fuel projects like these. Since the Paris Agreement, Australia's big four banks have loaned $44.4 billion to climate-wrecking fossil fuels. [7]


As a community we have the power to change the big banks and the big supers. Take action with us, so we can protect the irreplaceable.

Pledge to either switch to a bank or super that doesn't invest in fossil fuels or contact your bank or super to let them know that if they continue to invest in fossil fuels, you'll take your money somewhere else.  Find the pledge and all of the resources you'll need below.

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How to Switch / Contact Your Superannuation Fund

Step #1 - Find out where your superannuation fund stands

See if your super is investing in fossil fuels here.  If they do, proceed to step 2.

 

Step #2 - Take the pledge to divest

Fill out the form above to pledge that you will either divest your super or contact your super fund. 

Step #3 - Find a superannuation fund to switch to OR contact your super fund

Find a super with comprehensive fossil fuel exclusions here. You can also see ethical supers ranked here. Proceed to Step 4.

Alternatively, contact your Super Fund to let them know you want them to stop investing in fossil fuels here. Proceed to Step 5.

Step #4 - Make the Switch

Move your super. Give your employer your new super information and then consolidate your funds. Read an excellent set of instructions here!

Step #5 - Celebrate! You've helped protect the irreplaceable. 

How to Switch / Contact
Your Bank Account

Step #1 - Find out where your bank stands

See if your bank or credit union is investing in fossil fuels here. If they do, proceed to step 2.

 

Step #2 - Take the pledge to divest

Fill out the form above to pledge that you'll either divest or contact your bank.

Step #3 - Find a bank to switch to OR contact your bank

Find the banks that don't invest in fossil fuels here (click the green tab) and pick one that's right for you. Proceed to step 4.

Alternatively, contact your bank to let them know you want them to stop investing in fossil fuels here. Proceed to step 5. 

​Step #4 - Make the Switch

Move your money. Set up your new account, transfer your regular payments and income, move your money and close your old account. Read a simple set of instructions here and remember that your new bank is there to help!​

Step #5 - Celebrate! You've helped protect the irreplaceable. 

 

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Damon | "Switching my bank and super was an easy way to have a big impact"

References

 

[1] Where does Australia's gas come from? And where can we expect new gas projects?​ Climate Council, 02/08/2021.

[2] Protect the Pilliga​​. Wilderness Society, accessed 15/11/2021.

[3] ‘Nothing off limits’: offshore gas and oil exploration area 5km from Twelve Apostles​​. Sydney Morning Herald, 15/06/2021.

[4] ‘The distance from Perth to London’: How a gas company cleared the Kimberley​​​. Sydney Morning Herald, MAY 10, 2021.

[5] “Unstoppable transition:” Australia can hit 91% renewables by 2030​​. Renew Economy, 13 October 2021. ​

[6] Divestment. Market Forces, accessed 16/11/2021.

[7] Funding Climate Failure: How Australia's big banks are undermining the Paris Agreement and net zero by 2050. Market Forces, accessed 25/11/2021.

We would like to thank Market Forces for creating many of the resources we have supplied on this page. 

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