RMIT divest now and #StopAdani
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RMIT currently has 6.5 million dollars directly invested in the Fossil Fuel industry. This is in the form of investments in WOODSIDE PETROLEUM, WESFARMERS and WOOLYPARSONS. There is up to 27 million dollars indirectly or potentially invested, through CommBank, Westpac and ANZ.
WorleyParsons is an Australian engineering firm that was revealed in 2015 as supplier of Adani, working on the railway to open up the Galilee Basin to coal mining. Additionally, WorleyParsons last year acquired a UK oil and gas company and is expanding drilling in the North Sea.
The Adani coal mine has alienated even the executives of Australia’s big four banks, as well as dozens of financiers internationally. Councils across the country are starting to pass motions refusing to work with companies involved in the supply chain of the Adani coal mine. Yet RMIT continues to defy all of these factors to bet on a project built on the destruction of the natural environment, traditional livelihoods, the trashing of land rights, the exploitation of communities, and the corruption of our democratic institutions.
Companies that provide logistics and diversify their assets fall under the radar when institutions claim to be interested in divestment. In reality, every aspect of the supply chain contributes to climate change and all of the social and ecological costs associated with mineral extraction. Engineering firms, banks, insurance agencies, and yes, universities that invest in the industry at any stage must be held accountable.
RMIT please divest and Stop Adani.
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