Turnbull government attacks banks over Adani

29 April 2017 1:08 pm

The big news yesterday was Westpac ruling out financing Adani Group's controversial, giant coal mine in Queensland's Galilee Basin under the bank’s new climate change policy.

This came after activists disrupted Westpac's 200th birthday party to pressure the bank into guaranteeing it will not fund the proposed Adani coal mine in Queensland.

Westpac’s decision means that all four banks have now refused to fund the Adani coal mine.

So what does the Turnbull government do?

Federal resources minister Matthew Canavan has accusd Westpac of acting like a bunch of wimps and told Queenslanders to bank elsewhere.

Let’s get this straight – the Liberal National Party coalition, supposedly the entity that represents business, is taking issue with a bank for making a commercial decision. How many Queenslanders do we expect to follow his directive? One? Two?

Accusing a bank of a buckling to activists is a bit rich coming from a mob that can’t stand up to One Nation.

Leon Gettler

2017

September

16 Sep 2017 - Australia’s energy crisis shows the stupidity of privatisation

09 Sep 2017 - Why climate change will devastate Florida

July

16 Jul 2017 - Laws of mathematics don’t apply to Australia: Malcolm Turnbull

June

17 Jun 2017 - Political backlash over the Grenfell fire

11 Jun 2017 - A win for Macron is a lesson for Theresa May

04 Jun 2017 - Attacks in London could change the election

May

28 May 2017 - Why Donald Trump will survive and be re-elected in 2020

20 May 2017 - Will the Mueller probe examine Trump’s Russian business ties?

13 May 2017 - Hypocrisy over Chloe Shorten’s necklace

06 May 2017 - Macron vs Le Pen: France is no longer one country

April

29 Apr 2017 - Turnbull government attacks banks over Adani

23 Apr 2017 - Why the French election is important

08 Apr 2017 - Russian navy moves in

01 Apr 2017 - Australia is one of the world’s worst money laundering property markets

March

19 Mar 2017 - Peter Dutton goes poofter bashing

04 Mar 2017 - Trump will take the market to a fiscal bloodbath

February

26 Feb 2017 - Trump’s mental condition

18 Feb 2017 - Adani’s results tell us the company will not develop in Australia

11 Feb 2017 - Why the Coalition’s “clean coal” plan is crap

04 Feb 2017 - It’s Trump versus the courts

January

27 Jan 2017 - The cost of Trump's wall on consumers

21 Jan 2017 - A look at Europe's future

20 Jan 2017 - Can Trump make America great again?

16 Jan 2017 - Trump parallels with Iraq


View archive