Today ANZ announced that it will no longer provide direct project finance to pipelines dedicated to new oil and gas fields. The new policy brings ANZ into line with CommBank, NAB and Westpac, which all have restrictions on finance for pipelines built for new oil and...
North to East Australia Pipeline
‘Gas or starvation’: APA Group’s $7 billion Beetaloo pipeline gamble questioned by shareholders
Shareholders challenged APA over its proposed Beetaloo gas pipeline, uncertain LNG demand and climate risks, as the company's CEO pointed to an ANZ banker in the audience as a sign of lender support. APA Group's chairman has defended the company's proposed...
Investors and Economists challenge APA Group over $7 billion gas pipeline
Thursday 22 October: Economists and investors are sounding the alarm over plans by APA Group, to push ahead with one of Australia’s biggest ever gas pipelines enabling fracking in the Beetaloo Basin, Northern Territory. Australian economists Nicki Hutley, Richard...