<
https://www.theage.com.au/politics/federal/bank-finance-helps-clear-swathes-of-threatened-species-habitat-20230602-p5ddhc.html>
"Australian banks are helping to finance the majority of deforestation that is
taking place across hundreds of thousands of hectares of crucial habitat for
koalas, gliders and other endangered animals, contradicting the sentiment of
the banks’ environmental sustainability claims.
The findings, which have been made public to coincide with World Environment
Day on Monday, were revealed in a new study by the Australian Conservation
Foundation (ACF) of state government data and have sparked calls for banks to
stop supporting the destruction of native forests.
The ACF study,
Banking on nature destruction, found at least 364,000 hectares
of forest that is a high likelihood of being habitat for protected native
wildlife was cut down in Queensland between 2018 and 2020.
This clearing occurred across 4442 properties, but more than half of the
deforestation happened on just 267 properties. Nearly three-quarters (73 per
cent) of the 267 properties where the clearing took place are linked to an
Australian bank, typically via a mortgage."
Via
Guardian Australia.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
