Australia: Greens Applaud One More Bank Refusal

The Australian Greens congratulated the Royal Bank of Scotland on their recent decision not to finance the Abbot Point coal port expansion, coming just before the World Heritage Committee is due to decide the fate of the Great Barrier Reef.

The Royal Bank of Scotland joins Deutsche Bank and HSBC in announcing that they will not finance the Abbot Point coal port expansion to make it the world’s biggest coal port in our precious Great Barrier Reef,” Senator Larissa Waters, Australian Greens environment spokesperson said.

BHP, Rio Tinto, Anglo American and Lend Lease have pulled out of Abbot Point coal port, as the coal price has dropped with the world embracing renewables instead. These big names don’t want to be associated with this Reef-destroying project that both the Newman and Abbott governments are allowing to go ahead,” added Senator Larissa.

The World Heritage Committee has expressed concern about the Abbot Point coal port and is expected to decide overnight whether to give the Australian Government until next February to save the Reef’s World Heritage status from being downgraded to ‘In Danger’.

Press Release, June 18, 2014

 

Share this article

Follow Dredging Today

2 thoughts on “Australia: Greens Applaud One More Bank Refusal”

Comments are closed.

Events>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

SEMINAR ON DREDGING AND RECLAMATION (THE NETHERLANDS)

This five-day course strives to provide an understanding through lectures by experts in the field and workshops, partly conducted on-site…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

ACI’s 2nd North American Dredging Summit

2-day program covering technological innovations, in-depth case studies exemplifying a variety of successful projects, updates on regulatory…

read more >

Ukrainian Port Forum (UPF) 2018

The Ukrainian Port Forum (UPF) is the flagship event on collaborative financing for port infrastructure development…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply