good news from the Knitting Nannas and Friends (Sydney faction)
"🎉 Congrats @MoveBeyondCoal

“Banks have lost interest in funding Whitehaven’s financially reckless and environmentally ludicrous coal expansion plans in the midst of a climate crisis. NAB and Westpac have finally turned their backs on Whitehaven”
the SMH asks "what went wrong here?" Nothing - it's all turned out pretty good

"Anybody who’s in thermal coal is going to be facing similar challenges in mobilising funding from traditional sources,” Ball said. “It is increasingly difficult being a coal producer to attract external funding,” he said, adding that the miner was instead focus on sourcing loans from the US debt capital markets next year." hahah yeah good onya USA - still up for saving us ;)

#Good-News #coal #nope #oz #straya