The ‘Funding Climate Failure’ report is coming!
Some time in late May, the highly anticipated Market Forces report is expected to find that NAB is still the bank of choice for coal companies, including Whitehaven Coal. In fact, NAB has given more money to Whitehaven Coal than any other big bank, committing $268 million to the climate wrecking coal company in just the last few years*.
Yet NAB has still not ruled out refinancing and giving more money to Whitehaven! And Whitehaven’s shocking announcement last month- that they are fast tracking the development of the Vickery mine- set to come online soon-puts further pressure on NAB just weeks before Whitehaven Coal’s funding deadline.
NAB has clearly still not learnt it’s lesson and needs a final reminder before Whitehaven’s ‘middle of the year’ deadline for it’s $110 million loan renewal.
Join us for a report drop at the Townsville Castletown NAB branch when the report drops, highlighting NAB’s failure to deliver on its own climate policies and to stop lending to climate wrecking coal companies, including Whitehaven Coal.