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THREAD: ANZ says they'll stop funding the Port of Newcastle, the largest coal export port in the world.
"Certainly we've heard, our major customers, all of the major companies in the world are embracing the Paris Agreement.
Coal is dead man walking". - @TimBuckleyIEEFA (1/3)
"Certainly we've heard, our major customers, all of the major companies in the world are embracing the Paris Agreement.
Coal is dead man walking". - @TimBuckleyIEEFA (1/3)
"It is absolutely beholden on the Port of Newcastle to diversify, and if they can't because of legal constraints of trade, they are a clear stranded asset." - @TimBuckleyIEEFA
#TheDrum (2/3)
#TheDrum (2/3)
"The idea that ANZ - or any other financial institution - is going to ignore the biggest shareholder in the world, or the financial stability board and ignore what APRA is telling them to do is ludicrous." - @TimBuckleyIEEFA #TheDrum (3/3)
