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Australian banks under pressure after French lenders rule out funding Galilee Basin coalmines

2015-04-09 09:17:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Australias banks have come under renewed pressure to not fund the countrys largest coal projects after three of Frances leading financial institutions ruled out providing capital for the developments. In response to questions from French climate activists, Société Générale, Crédit Agricole and BNP Paribas all said they will not be involved in proposed mines for the coal-rich Galilee Basin region of central Queensland. Letters from the banks rule out the mines, which include developments...

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