The decision by Deutsche Bank NOT to fund expansion of the Abbot Point terminal sets the benchmark response for other global banks - would any of them risk being funding the expansion given the precedent set by Deutsche Bank?
Indeed, we may be seeing the start of a capital investment blockade against a nation now viewed as an environmental pariah state. Tony Abbott's environmental vandalism has become news overseas:
"... Abbott is also taking heat from environmentalists. He once referred to climate change as “crap,” and has since come under criticism for his decision to allow the dredging of the famed Great Barrier Reef. Later, news hit that dredging has had significantly more impact on the Great Barrier than earlier claimed, and that it faced “unprecedented” threats. ..."
