Macquarie Group remains under pressure from shareholders to provide greater disclosure around its lending to coal and gas projects such as the controversial Beetaloo Basin development after a fiery annual general meeting this week.
At the meeting 35 per cent of shareholders voted for more disclosure about the climate risk posed by such projects. The project in the Northern Territory’s vast Beetaloo Basin is the next big development with the potential to alleviate gas shortages on Australia’s east coast.