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Give a Dam about World Heritage Wilderness

The Colong Foundation for Wilderness is concerned that the insurance industry and developers are lobbying politicians to raise Warragamba Dam wall [1]. The Foundation believes that they are primarily doing this because raising the dam wall would generate 40,000 additional home insurance policies in the Hawkesbury-Nepean Valley resulting from new floodplain developments [2].

In response, the Foundation is lodging a shareholder resolution to QBE’s Annual General Meeting (AGM) requiring them to protect our Blue Mountains World Heritage listing.

The Foundation plans to submit the following resolution to QBE:

“Shareholders request that the company develop a policy which guarantees QBE does not invest in, insure or advocate for any projects or works that could result in negative impacts occurring within the boundaries of a World Heritage or Ramsar property.”

The Foundation states that to get world heritage protection on the agenda, they need 100 QBE shareholders to sign on to our resolution on world heritage before Friday.

The Foundation believes they are so close to reaching 100, and are asking that if you own QBE shares could you please sign on to this form to help get them across the line. If you experience any trouble during sign on, or have any questions, please contact the Foundation at hello@giveadam.org.au

[1] Insurance Council of Australia
[2] Infrastructure NSW

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