ANZ divests from coal port

Posted on: Tue 16 Feb 2021

The ANZ bank has pulled out of funding the port of Newcastle, the world’s largest thermal coal terminal. This is being interpreted as a significant rebuke of the coal industry and its exposure to climate risk.

To look into ANZ’s decision and the background to their divestment, Barometer’s Des Lawrence spoke with Tim Buckley, from the Institute for Energy Economics and Financial Analysis.                                                 

Climate risk sees ANZ divest from Port of Newcastle, the largest thermal coal terminal in the world

Produced by Des Lawrence

Wiki image : Coldasshonky


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