Australia’s biggest proposed coal project loses 4m tonne deal with one of its two big customers as the country’s fourth-largest bank publicly distances itselfThe National Australia Bank has ruled out funding Adani’s Carmichael mine,as the country’s biggest proposed coal project also lost a key customer in Korean electronics giant LG.
NAB, Australia’s fourth largest bank, or had “no plans to be involved in any financing of the controversial project,the Australian Financial Review reported. Sources said the bank would not buy in even whether approached by Adani, the report said. Related: Adani dissolves 50-strong project team from troubled $16.5bn Carmichael mine Related: George Brandis: vigilante green groups destroying thousands of mining jobs Continue reading...
Source: theguardian.com