Protesters clash with ANZ over its climate and military funding

Business and Finance Business and Finance

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Protesters clash with ANZ over its climate and military funding

^{Published on 2024-12-18 21:40:47 - Couriermail}

Protesters from the pro-Palestine, climate and environment movements are angry over the bank's financial ties to the world's largest weapons company, Lockheed Martin. According to the protesters, ANZ helped facilitate more than $US23bn ($A37bn) worth of bond financing for Lockheed Martin.

The article from news.com.au discusses a protest at ANZ's annual general meeting where activists from groups like Market Forces and Extinction Rebellion confronted the bank over its environmental and military funding policies. Protesters criticized ANZ for its investments in fossil fuels and its financial support for military activities, particularly highlighting the bank's involvement with Elbit Systems, an Israeli defense contractor. Demonstrators disrupted the meeting with chants and signs, urging ANZ to divest from fossil fuels and stop funding military endeavors. ANZ's chairman, Paul O'Sullivan, acknowledged the protesters' concerns but emphasized the bank's commitment to managing its portfolio responsibly, including its approach to climate change and defense sector investments. The protest reflects broader societal demands for financial institutions to align their investments with ethical and environmental considerations.

Read the Full Couriermail Article at:
[ https://www.news.com.au/finance/business/banking/protesters-clash-with-anz-over-its-climate-and-military-funding/news-story/a75a918f28ffa4b6254f6756bcf30d6c ]

N@N

Protesters clash with ANZ over its climate and military funding