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  1. Financial blow for Adani as Westpac rules out funding …

    WebApr 28, 2017 · Westpac's decision to stop financing new thermal coal mines means that Adani's A$16 billion project is not eligible for funding from …

    • Estimated Reading Time: 5 mins
    • WebApr 28, 2017 · Westpac appears to have slammed the door shut on lending to Adani's Carmichael coal project in Queensland, after making …

      • Estimated Reading Time: 40 secs
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      Would Adani Carmichael coal project be 'unviable' without subsidies?A new report has found the Adani Carmichael coal project would be ‘unviable’ without $4.4bn in taxpayer-funded subsidies. Photograph: GREENPEACE/PR IMAGE Australian governments will give $4.4bn in effective subsidies to Adani’s Carmichael coal project, which would otherwise be “unbankable and unviable”, a new analysis has found.
      www.theguardian.com/environment/2019/aug/29/adani-m…
      Can Australia finance Adani's Carmichael mine?Australia's big four banks have ruled out funding Adani's Carmichael mine. Adani sought a federal government loan to build a railway line from the mine to the Abbot Point coal terminal, near the Great Barrier Reef, but this was vetoed by the Queensland government.
      www.smh.com.au/politics/federal/federal-government-to-l…
      Did Westpac get funding for a coal mine in Australia?An Adani Australia spokesman said the company had not approached Westpac for funding for the mine, rail or port expansion. But Blair Palese, the chief executive of climate advocacy group 350.org, said Westpac’s decision represented “an enormous blow to this project and the future of coal in Australia”.
      www.theguardian.com/environment/2017/apr/28/big-four …
      Why have Australia's banks withdrawn from Adani's Queensland coal project?Photograph: Joel Carrett/AAP Australia’s big four banks have all ruled out funding or withdrawn from Adani’s Queensland coal project, after Westpac said it would not back opening up new coalmining regions, prompting a scathing attack from the resources minister, Matthew Canavan.
      www.theguardian.com/environment/2017/apr/28/big-four …
    • Big four banks distance themselves from Adani …

      WebAug 25, 2021 · Australia’s big four banks have all ruled out funding or withdrawn from Adani’s Queensland coal project, after Westpac said it …

      • Estimated Reading Time: 6 mins
      • Westpac's Adani decision finds public support, despite Canavan's ...

        WebMay 5, 2017 · The survey found 41% overall approved of Westpac’s decision, which effectively ruled out funding Adani’s Carmichael mine, compared with 14% who …

        • Estimated Reading Time: 4 mins
        • WebMay 3, 2017 · The Australian government’s strident criticism of Westpac for not financing the Adani Carmichael coal mine is out of step with the …

          • Estimated Reading Time: 5 mins
          • Australia doesn't need Adani's Carmichael coalmine, …

            WebMay 9, 2017 · On Radio National on Tuesday, Brian Hartzer said Westpac’s decision to set a climate policy, which in effect rules out financing the Adani Carmichael coalmine, was based on its acceptance...

          • WebMay 15, 2017 · Even with the support of EFIC, though, Adani requires project finance to develop its Carmichael mine. Adani’s lead banker, Commonwealth Bank, parted ways …

          • Adani abandons March deadline to secure funding for …

            WebFeb 22, 2018 · Protesters at Westpac headquarters in Sydney in February 2017 calling on the bank to rule out funding for the Adani coalmine, which it later did. Photograph: Paul Miller/AAP Carmichael...

          • Westpac rules out funding Adani coal mine - InvestorDaily

            WebGiven that the coal from the Adani Carmichael project in the Galilee Basin is relatively 'dirty' and well below 6,300 kilocalories per kilogram, Westpac's statement effectively rules

          • NAB rules out funding Adani's Carmichael mine as …

            WebMar 13, 2018 · The National Australia Bank has ruled out funding Adani’s Carmichael mine, as the country’s biggest proposed coal project also lost a key customer in Korean electronics giant LG. NAB,...

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