Australia is a global deforestation hotspot, and our big banks are using your money to fund the destruction.
You may be wondering, what do banks have to do with bulldozing trees?
Let's rewind for a second. Have you ever wondered what happens when you transfer money into your savings account or deposit some cash? It doesn't all build up into towers of cash in a vault somewhere like you might have imagined when you were a kid. It goes to the bank who is free to use it to lend to others and fund projects.
Say you are buying your first home; the bank would lend you money to do that. Banks also lend money to finance activities across the entire economy - whether it's building houses, funding mines, erecting wind farms or establishing cattle farms.
Some of these activities involve bulldozing forests and threatened species habitat.
Now, let's get into the weeds of which banks are financing this destruction.
