Australia’s third biggest bank, ANZ, has pulled out of funding the Port of Newcastle, the world’s largest thermal coal terminal, because of its exposure to fossil fuels. The bank said the investment was too risky and is worried it could become a stranded asset as global decarbonization gathers speed. Australia’s fourth biggest bank, NAB, has agreed to step in to make up the financing gap.
Register to receive
the latest from the
Futures Centre.
Sign up
Session expired
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.
Join discussion