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Climate change: big four banks' lending to Australian renewables projects falls

2016-07-04 03:55:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Australias big four banks lending for Australian renewable energy projects has tumbled in the first half of 2016, despite all of them spruiking their continuing support for the sector. Based on public announcements from the banks and their customers, the activist group Market Forces has found only two financing deals were closed this year in the Australian renewables sector. The National Australia Bank lent money to a windfarm in South Australia and both NAB and Westpac helped finance one...

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