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Australia: Conservationists welcome bank decision on reef port

2014-05-24 00:57:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: Environmentalists on Saturday welcomed Deutsche Bank's reluctance to invest in a major port expansion near Australia's Great Barrier Reef, saying it reflected global concern about the project. Australia gave the green light to the major coal port expansion for India's Adani Group at Abbot Point on the Great Barrier Reef coast last year subject to strict environmental conditions. But conservationists slammed the approval, warning it would hasten the natural wonder's demise given it is under pressure...

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