There is a very dangerous change proposed to the constitution of NAB.
Under 249N, 0.0102% of the total shareholding of NAB is trying to load costs onto the bank to report the quantum of greenhouse gas emissions that the NAB is responsible for financing.
This will be a very rubbery number at best and if done correctly will require significant cost by the employment of people to calculate the real numbers.
The carbon tax was put in by the previous government and voted out at the last election. Australians said NO to carbon tax.
This is a method of stealth to make "transparent" those horrible people who dare to provide electricity to Australian homes and other industries that make up a very large part of export income.
If the 0.0102% want to know the greenhouse gases emitted by industry it is very easy for them to spend THEIR time and THEIR money to find out. THEY can even spend THEIR time and THEIR money advertising the results.
The economic CLIMATE CHANGE is very real and there are dangerous moves at play selling off the nation and closing down productive industry.
Any shareholder that loves Australia just a little bit must vote NO. Please spread this far and wide.
NAB Price at posting:
$31.79 Sentiment: Buy Disclosure: Not Held
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