abbott's coal powered future in strife

One of the first things Tony Abbott's Govt did was to approve massive pollution of the GBR to enable huge expansion of coal mining in the Galilee Basin.

According to Jake Sturmer's article on The ABC online, this is how Deutsche Bank has responded:

"... At its annual general meeting in Frankfurt overnight Deutsche Bank announced that it would not consider investing in the Abbot Point project, near Bowen, in Queensland's north.

Last year the company helped refinance the lease on the existing 30-year-old terminal.

In a statement, the company said there was speculation that it was the "most likely" bank to fund the expansion.

However, it said it would not finance an expansion without the assurance of both the Government and UNESCO that it would not damage the Great Barrier Reef. ..."

http://www.abc.net.au/news/2014-05-23/deutsche-bank-abbot-point-coal-terminal/5473614

Oh deary me! Abbott's autocracy dealt a body blow by a global bank! His judgement not trusted!

It seems that even though our governments think environmental vandalism in heritage listed national and marine parks is OK, institutions and governments beyond our shores do not!