Fifteen Australian politicians, including the deputy prime minister, have called for action from the federal government on the Port of Newcastle (PON), which is partially leased to China Merchants, a Chinese state-owned enterprise. In a letter to Prime Minister Scott Morrison and Treasurer Josh Frydenberg seen by The Australian, Senator Eric Abetz of Tasmania expressed concern…
15 Aussie Politicians Call for Action on Chinese Ownership of Newcastle Port
July 6, 2021
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World’s Biggest Coal Export Port Loses Funding Over Climate Change
ANZ will no longer fund the world’s biggest coal export port at Newcastle on the back of the bank’s new climate change policy that stops loans to the coal sector. The Port of Newcastle, which supports 9000 jobs and contributes AU$1.5 billion to the national economy, will now receive funding by National Australia Bank (NAB)…
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