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.