Re: Abbot Point Development :- Article in todays AFR pg 27 titled "Big banks targeted by Abbot Point protestor"
Basically highlights that even though Adani has government approvals head winds are building re. sources of finance for Adani to pursue because of associated environmental impacts. Banks are being targeted by protest groups arguing they are risking their corporate reputations & customer deposits moving. Article mentions this type of movement increasing in Euro / USA and now top OZ banks to be targeted. Deutsche Bank has recently withdrawn support for Abbot Point funding with Barclays, RBS and Credit Agricole taking positions to also not finance Abbot Point. Take from it what you will. cheers
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Held
