Miners warn of 'dire' consequences as banks walk away from coal with gas and oil to follow

Ian Kirkwood
June 26 2021 - 5:30am
SHIFTING GOALPOSTS: The coal industry has been shocked at the way that otherwise conservative big banks have become increasingly reluctant to lend to it. A federal parliamentary inquiry that began Friday continues Monday.
SHIFTING GOALPOSTS: The coal industry has been shocked at the way that otherwise conservative big banks have become increasingly reluctant to lend to it. A federal parliamentary inquiry that began Friday continues Monday.

THE Australian economy faced dire consequences if banks and insurers continued to turn away from coal and other mining exports because of campaigns by environmental activists, various coal companies and associations have told a federal parliamentary inquiry into the subject.

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Ian Kirkwood

Ian Kirkwood

Journalist

Reporting journalist at the Newcastle Herald since 1987. Editorial writer, general reporter, industrial relations, industry and coal.

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