BankTrack News
HSBC states it would be "extraordinarily unlikely to go anywhere near" Abbot Point
2014 |
BankTrack
2014 |
BankTrack
Following several letters and alerts, HSBC was challenged by BankTrack member Market Forces at its 2014 AGM on the financing of the proposed expansion of the Abbot Point coal export terminal in the Great Barrier Reef World Heritage Area. The response was that, given the concerns of the World Heritage Committee over Abbot Point, HSBC would be "extraordinarily unlikely to go anywhere near it".
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