Media release Re: ANZ funding of Gunns proposed pulp mill.

MEDIA RELEASE DECEMBER 16th 2007 TAP (Tasmanians Against the Pulpmill) and WFCA (Women For Change Alliance) have written to Mike Smith, CEO of ANZ. The letter has 3000 signatories and spells out reasons why the ANZ bank should not fund this pulp mill. TAP spokesperson, Bob McMahon, highlighted four reasons why the ANZ should walk away from funding the proposed pulp mill. “1. The proposed pulp mill is to be built in a region with a hostile poulation resolved not to have a pulp mill. 2. Gunns has done NO risk assessment. 3. Lending to Gunns is the sort of high risk lending that led to the sub-prime crisis in the USA. 4. The ANZ has a real opportunity for world leadership here.”