The ANZ bank has pulled out of funding the Port of Newcastle in what is being interpreted as a significant rebuke of the coal industry and its exposure to climate risk.
"The lasting negative implications for Newcastle and NSW are huge."
For additional details, please visit the link below:
https://www.abc.net.au/news/2021-02-09/climate-risk-sees-anz-divest-from-port-of-newcastle/13136462