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Move Beyond Coal’s campaign to get NAB out of funding climate wrecker Whitehaven Coal has hit a new level of impact and success. 💪 A 🧵
#MoveBeyondCoal #nonewcoal #climatejustice
#MoveBeyondCoal #nonewcoal #climatejustice
Last week NAB announced: “NAB has further reduced exposure to thermal coal and, as at 30 Sep 2023, NAB no longer has any (a) corporate lending to thermal coal mining customers or (b) project finance in respect of thermal coal mining assets."
NAB also said they "intend to maintain this position into the future" 💪
In other words - NAB has announced it plans to never again invest in a company whose primary activity is mining thermal coal. 💥
In other words - NAB has announced it plans to never again invest in a company whose primary activity is mining thermal coal. 💥
This is a massive blow to the thermal coal sector and a testament to the huge people-powered movement that has been pushing NAB to end funding for Whitehaven Coal and thermal coal in order to protect lives, livelihoods and our climate.
While there is much more work to be done, this announcement proves that people-powered movements can drive finance out of fossil fuels! Read more pulse.ly/ldgvv4xyki
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