Bankers to the Rescue

BANKERS TO THE RESCUE - Northmore Gordon

Not even the investment bankers buy into our prime minister’s goal of every increasing coal exports. Poor coal price, long term price risks from climate change and environmental risks to the great barrier reef are too much for many of the global banking community. Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley and numerous others won’t back the expansion of Abbot Point export terminal

Time for ANZ, NAB, Westpac and CBA to step up as well.

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