ANZ and Gunn's

May 28, 2008 10:49

Well you may remeber several montjhs ago, I posted a copy of my letter to the ANZ indicating my displeasure in their financing of the Tasmanian pulpmill. I think it is only fair to now congratulate them on their decision NOT to finance the pulpmill.

http://www.theage.com.au/news/national/anz-exits-gunns-pulp-mill-project/2008/05/27/1211654037422.html

Now I am not sure how much (if any) my voice - and others - have contributed to this decision or whether it really is all the financial crisis, but seeing that the ANZ has recently signed up to the 'Equator principles'

http://www.anz.com/aus/values/environment/Equator.asp

I can but hope that future investment decisions will be more environmentally focused.
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