Tuesday, May 4, 2021

Port of Newcastle in funding reprieve but NAB imposes tough green conditions

Port of Newcastle has been given a funding reprieve after National Australia Bank stepped in with a $666 loan facility tied to strict green and social conditions. 

National Australia Bank group executive David Gall says the world's biggest coal export facility, will be able to reduces its repayments if it meets social and environmental targets. 

Labor MP Joel Fitzgibbon says the deal is a sign that coal and net zero emissions can live side by side.

Here's my analysis from The World Today


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