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Germany's biggest bank pulls funding for Abbot Point coal terminal

2014-05-23 07:30:00| Climate Ark Climate Change & Global Warming Newsfeed

AAP: Germany's biggest bank has pulled out of a controversial Queensland coal port expansion because it says there is no consensus over how it will impact the Great Barrier Reef. Deutsche Bank confirmed its position on Wednesday night (Australian time) at its annual meeting in Germany in front of environmentalists and tour operators. "As there is clearly no consensus between the Australian government and UNESCO regarding the impacts of the Abbot Point expansion on the reef we will not consider financial...

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