Home > General > Coal company and the Great Barrier Reef

Coal company and the Great Barrier Reef

A mega coal company wants to build the world’s biggest coal port at the heart of the pristine Great Barrier Reef, potentially damaging it forever – and it’s looking to UK banks for the cash to make it happen. [1]

But an amazing thing is happening. 38 Degrees members are joining hundreds of thousands of people from Australia to Germany to push big banks into saying they won’t touch the project. Deutsche Bank, HSBC and RBS have said they won’t invest in the coal port after people-powered campaigns forced their hands. [2] And now it looks like we might be adding Barclays to that list.

On Wednesday, thousands of 38 Degrees members joined members of people-powered Australian organisation GetUp! to tweet an official demand to the bank that Barclays don’t invest in the Abbot Point coal port. [3] And yesterday, the press team responded:

“Barclays applies strict environmental standards and won’t lend to projects unless they are met. We have no plans in respect of Abbot Point.”

It’s encouraging – but it’s far from a solid promise. Barclays are still one of the biggest investors in Australian coal, and they might just be fudging. But if we pile on the pressure now, we could lock them in to never investing in dirty industry along the Great Barrier Reef coastline.

Can you email the Barclays press team urgently to ask for a full and official statement, ruling out ever funding the Abbot Point coal terminal? Click here to send your email:

https://secure.38degrees.org.uk/rule-out-trashing-the-reef

The reef is supposed to be a pristine world heritage site. But the body who manage the reef have said that the coal port “has the potential to cause long-term irreversible harm to areas of the Great Barrier Reef.” [4] And just days ago, UNESCO gave Australia an official warning over dirty industry along the reef coastline. [5]

38 Degrees members can make sure that Barclays don’t invest in destroying the reef, either now or in the future. Hundreds of thousands of us care passionately about protecting the world we live in – especially from wanton destruction by big business. Together, we can make sure that their tweet becomes a hard and fast commitment.

Click here to email Barclays now:

https://secure.38degrees.org.uk/rule-out-trashing-the-reef

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