‘High time’ banks dumped fossil fuels, former NAB economist says
Jacob GreberSenior correspondent
National Australia Bank is being pushed by one of its highest profile former economists to stop lending for “redundant” gas, coal and other fossil fuel industries, as an activist group challenged the big four banks to overhaul boardrooms.
“It’s high time that banks like NAB decided not to lend any more to new projects in fossil fuels,” Rob Henderson, the bank’s long-serving markets division chief economist until his retirement in 2014, said.
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Jacob Greber writes about politics, economics and business from Canberra. He has been a Washington correspondent and economics correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com
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