SPLENDARO

meander, keep moving, that's what it's all about isn't it?! not the hokey pokey, that just CAN'T be what it's all about...
Showing posts with label divestment. Show all posts
Showing posts with label divestment. Show all posts

Monday, May 11, 2015

Considering the Premier of NSW office doesn't accept emails from outside it's electorate...

First, here's part of the email I received in return: "If you are a constituent of another electorate
Due to the large volume of emails we receive, your correspondence will not be forwarded to the Premier’s office."

So, here is one I penned (the last 4 paragraphs are not mine) quite some time ago, November in fact:
>>>>>>>>>>>>
Dear Mr Baird 

I am from South Australia, and have recently attended a public forum on the future of water looking ahead to 2050 held by the Goyder Institute. The conversation is already starting to take shape about what we need to do to protect our farmers, indigenous land owners, environment and general public in regards to water security for the future. 

Recently I sat with my family and we watched the documentary "Gaslands" about the issues that Coal Seam Gas extraction (fracking) has created in communities across the United States. I can only use one word to describe the reaction we all had: horrified. 

Water belongs to everyone, not corporations, and is a basic human right. 

I have also recently spoken to an old colleague who is now working in inland Queensland, who sadly reported to me they had lost two more farmers in the past week to suicide. She stated that it was because the support in infrastructure is not there for them, and they could not see forward into the future. They are trying to get this information heard, but it is not being heard loud enough. I find these kinds of stories exceptionally sad because although I do not know these families personally, I acknowledge that we rely on them for our local food sources and should be easing any stresses they have in relation to security in all its forms, including natural water supplies. 

I have seen and heard reports coming from NSW of communities fighting to keep fracking wells out of their communities, with some success. Please continue to listen to these people, and there rest of the country when we say CSG is not the way forward. It is a dangerous practice that should be banned in Australia. 

I believe the only way forward with regards to energy is via wind and solar. 

A scientific review presented to the NSW Great Artesian Basin Advisory Group has said that the Great Artesian Basin may not be able to survive the water extraction methods used in CSG operations. 

CSG could deplete the pressure that keeps water flowing through bores throughout the basin. The basin's recharge area makes up only about 10 per cent of the overall basin area, and most of this is in the Pilliga region, where Santos is now conducting exploratory drilling. 

CSG threatens to stop bores flowing throughout the basin, thereby cutting off the sole water source for 22 per cent of Australia. 

This represents an unacceptable risk to a water supply that's critical for farming, irrigation, and drinking water for rural communities.
>>>>>>>>>>>>>>>>>>>

Thursday, November 27, 2014

Divestment...

Just hit UNsubscribe on my current Superannuation Funds email newsletters...

I can't say that they haven't tried to be forthcoming in their communications with regards to sustainability and divestment.  In fact someone from their sustainability department tried to phone me when I was at work sadly, so could not answer.  Ultimately, with the WORLD BANK just announcing it will no longer fund coal projects (and yes, I know they aren't the best, however this is a big move), they don't really have a leg to stand on with comments like: "due to reasons of confidentiality and regulatory requirements xxxx cannot comment on individual companies or projects."  That has pretty much been a standard line in all communications I have received from a number of banks I have contacted about the fossil fuel project threatening the Great Barrier Reef.

Sod that. If some of the worlds biggest financial groups can just outright say NO, we will not fund the Adani project, why will NONE of the Big 4 Australian banks say the same.

My reply to the bank attached to my Fund:

"The World Bank was just able to announce that it will no longer fund coal projects unless there is 'extreme need'.

"The World Bank will invest heavily in clean energy and only fund coal projects in “circumstances of extreme need” because climate change will undermine efforts to eliminate extreme poverty, says its president Jim Yong Kim."

And with a coal mine in Australia having to shut production for 3 weeks just recently due to oversupply, it is very clear that coal is on the way out.  There has been little to no movement, it seems, in carbon capture technology and therefore trying to continue with this form of energy is simply bad investments.

I live in South Australia where the State's emissions reductions target is currently larger than the Federal one, where we are being noticed for the strong growth in renewables, and where Coal Seam Gas is also being fought against.

I will be posting my rollover form today to complete the process. I appreciate your emails but I cannot leave my money with any company I do not believe is clearly moving forward, as so many others are."

So, here's some photos... hehe.




Here are the resources I used to make my decision. All I'm asking is that you look into where your money is held. If you are comfortable with it, sure, keep it that way. But if you question the investments that your institution holds, start a dialogue with them.

Market Forces: http://www.marketforces.org.au/campaigns/banks/
Super Switch: www.superswitch.org.au
Future Super: http://www.myfuturesuper.com.au/
Go Fossil Free: http://gofossilfree.org.au/

We need everyone.
xJ