Adelaide's independent news


Doctors call on BankSA to shun fossil fuel investments


A group of doctors concerned with the environment has called on BankSA to get rid of its investments in coal, oil and gas companies.

Comments Print article

Lobby group Doctors for the Environment Australia is closing its BankSA accounts in protest at the company’s continued involvement with the fossil fuel industry.

Up to 50 doctors will gather outside the bank’s headquarters in Adelaide today, saying that a failure to address climate change is “gross negligence”.

The group says it is hypocritical of the bank to publicly accept the need to contain climate change “while at the same time directly fund fossil fuel industries”.

The group’s spokesperson Dr Doug Shaw said health professionals had a duty of care to protect the community’s health and the health effects of fossil fuels were more significant than those of the tobacco industry.

A BankSA spokesperson said the bank did not have “banking relationships” with resources companies.

“BankSA does not have an institutional banking business and therefore does not have banking relationships with organisations in the resources sector,” she said.

“However, we’d like to take this opportunity to re-affirm our commitment and support for our clients who demonstrate high standards of sustainable activities.”

– with AAP

We value local independent journalism. We hope you do too.

InDaily provides valuable, local independent journalism in South Australia. As a news organisation it offers an alternative to The Advertiser, a different voice and a closer look at what is happening in our city and state for free. Any contribution to help fund our work is appreciated. Please click below to become an InDaily supporter.

Powered by PressPatron


Show comments Hide comments
Will my comment be published? Read the guidelines.

More Business stories

Loading next article

Subscribe to InDaily – it’s free!

South Australia’s locally owned, independent source of digital news.

Subscribe now and go in the monthly draw* for your chance to WIN a $100 voucher!

Subscribe free here

*Terms and conditions apply

Welcome back!

Did you know it’s FREE to subscribe?

Subscribe now and go in the monthly draw* for your chance to WIN a $100 voucher!


*Terms and conditions apply