On Tuesday 30 May, the highly anticipated Market Forces report is expected to show that NAB remains the bank of choice for climate wrecking coal companies, including Whitehaven Coal.
NAB is banking climate failure by funding Whitehaven Coal, committing $268 million to that company in just the last few years - more money than any other major Australian bank.
NAB has still not ruled out refinancing and giving yet more money to Whitehaven Coal!
And Whitehaven’s shocking announcement last month- that they intend to fast-track development of its Vickery coal mine, set to come online soon, further highlights NAB’s failure just weeks before Whitehaven Coal’s funding deadline.
NAB continues to ignore its corporate responsibility to society and environment and clearly needs yet another reminder before Whitehaven’s ‘middle of the year’ deadline for its $110 million loan renewal.
We invite you join us when we deliver the ‘Banking Climate Failure’ Report to Kennington NAB branch on June 1st to highlight to NAB and our local community the continuing failure of NAB to deliver on its own climate policies and stop lending to climate wrecking coal companies, including Whitehaven Coal.