Banks| Policies| Dodgy Deals| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Jobs at BankTrack
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2023-01-23 00:00:00
Berta Cáceres: new rules for banks could help stop defender killings
2023-01-16 00:00:00
In the balance: Why European due diligence legislation must cover financial services
2022-12-08 00:00:00
Exposed: Western banks funding Qatar’s carbon bombs
2022-12-08 00:00:00
Right-wing attack on sustainable finance is the latest form of climate denial
2022-12-14 11:08:26
HSBC announces it will no longer finance new oil and gas fields
2022-10-13 15:56:39
More major banks and insurers refuse to support EACOP
2022-09-16 10:38:48
European Parliament passes emergency resolution against human rights violations & environmental threats linked to EACOP
2022-06-27 09:49:16
Crédit Agricole takes first step to phase out from the oil and gas sector
Connect
2022-11-22 00:00:00
Banking on Thin Ice: Two years in the heat
2022-11-17 00:00:00
BankTrack Global Human Rights Benchmark 2022
2022-10-21 00:00:00
Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance
2022-06-28 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
See all publications
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Home › News
Investors in Australian mega coal mine proposal warned of risks
Start

By: Greenpeace Australia, GetUp! and BankTrack
2012-06-08
Sydney

Contact:

For further comment contact
Greenpeace media officer; Julie Macken: 0400 925 217
GetUp Communications Director: Rohan Wenn 0419 026 222


Share this page:

Go to:
Start

This morning financial analysts across India woke up to find a huge full-page ad aimed squarely at them, warning "don't sink your profits on the Great Barrier Reef." The Asian Financial Times carried a full page investor alert advertisement on behalf of Greenpeace, GetUp! and BANKTRACK, warning analysts that investing in the Indian conglomerate GVK/Rinehart Alpha mega mine in Queensland’s Galilee Basin could be a minefield of risks.

The ad asks: Have you considered investing in new coal export projects in Australia? Then warns: National and international NGOs are vowing to fight these coal projects every step of the way, and then highlights key investment risks.
 
“The risks of delays to the Alpha mega coal project were on show this week as a political fracas broke out over a botched environmental approval process by the State Government”, said Julien Vincent, Greenpeace campaigner. “This and community opposition to the project are just two of a number of serious issues about which investors should be concerned.”

“While industry analysts are beginning to cast doubt over the viability of coal export projects in Australia, the United Nations World Heritage body has also warned about the devastating impact that the coal expansion could have on the Great Barrier Reef. Anyone thinking of investing in GVK/Gina Rinehart’s Alpha coal project would want to think long and hard if they want to be associated with this potential environmental and economic  disaster,” GetUp environmental campaign director Paul Oosting said.

Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted