The Environmental Defenders Office has rejected concerns it is headed for collapse despite admitting that its $9 million failed legal action against gas giant Santos had raised questions over its future.
The taxpayer-funded green law charity said it had secured a $6.5 million interest-free loan to keep it afloat after posting an $8.6 million loss following its unsuccessful attempt to stop Santos’ Barossa gas project in the Northern Territory.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au