Westpac CEO Peter King has agreed to meet traditional owners from the Tiwi Islands on country, and hear their concerns about Santos’ $5.8 billion Barossa gas project in the Timor Sea, which Westpac is part-funding.
His decision to travel to the community, which is 20 minutes north of Darwin by plane, comes after three Tiwi Islander Westpac shareholders harangued outgoing chairman John McFarlane about a lack of consultation at Thursday’s annual meeting in Brisbane.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
