Tomorrow, Saturday 8 October 2016, is Divestment Day – we encourage everyone to take part or, at least, to consider what actions you can take to ensure that your money is not funding climate change.
We recently held a public meeting on the topic of divestment, presented by Jack Bertolus, Research Coordinator at Market Forces, a Melbourne-based organisation that researches and publishes information about investments in fossil fuel projects.
Market Forces website contains many useful resources on how to compare banks, superannuation funds and insurance companies, many of which invest heavily in fossil fuels despite having made commitments to change in order to meet the terms of the Paris Agreement.
We want our money to do good for us individually but also for all of us together. We want to know that our money in banks, superannuation and organisations we are part of, is used for good, not to fund industries that contribute to climate change.
We can use the power we have over our own money to help make the change. For example, the Adani coal mine in the Galilee Basin could be stopped by divestment campaigns that influence banks to consider the long-term impact of such projects.
Containment is documentary by Peter Galison, Professor of the History of Science and of Physics at Harvard University, and Robb Moss, Professor and Chair of the Department of Visual and Environmental Studies at Harvard University. It looks at three critical contemporary radioactive sites where containment has become the central issue.
In view of the recent proposals to establish nuclear waste sites in South Australia this is a timely and important movie. It has not been widely promoted in Australia, but Adelaide has the rare chance of a screening:
6pm Monday 19 September at the Capri Cinema, 141 Goodwood Road, Goodwood.
BOOK ONLINE TO ATTEND
In February 2015 SA Premier Jay Weatherill announced a Royal Commission into the Nuclear Fuel ‘Cycle’. The title of’Cycle’ is misleading as the process is actually a chain leading to the final destination as nuclear waste. This investigation is separate from the federal proposal for a national nuclear waste dump for Australia’s waste.
The Royal Commission handed down its final report in May 2016 recommending SA accept the world’s high level nuclear waste for final disposal for profit. Independent economic analysis throws into doubt the economics of the proposal. There is a very real risk that SA won’t make a profit and may end up either going into debt to dig the underground dump, or be left storing high level waste above ground near the coast indefinitely.