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US banks vow not to fund Great Barrier Reef coal ports

‘Big lenders closing off finance to Abbot Point’?

‘Several avenues of finance have already been shut off to the $16.5bn project. Deutsche Bank, Royal Bank of Scotland, HSBC and Barclays all ruled out funding the development, before the US banks’ refusal. … Citi and JPMorgan Chase said they would not fund any resources project within a world heritage area, while Goldman Sachs said it ruled out funding a development that “would significantly convert or degrade a critical natural habitat.”’

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In the spirit of reconciliation the TJ Ryan Foundation acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today

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