National Australia Bank has agreed to finance the world’s largest coal export terminal so long as it meets a new set of social and environmental goals.
- Green groups say a new financing deal for the Port of Newcastle is a step in the right direction
- $50m has been earmarked for port diversification amid the global shift away from coal
- Screening for poor working conditions are also built into the agreement
Last year ANZ withdrew its funding for the Port of Newcastle under its emissions action…