NAB Responds: Carmichael Coal project statement

Share

Share

NAB is not involved and has no plans to be involved in any financing for the Carmichael coal mine.

NAB looks at all financing project proposals on a case by case basis and assesses a potential borrowers capacity to repay, management, reputation, industry fundamentals, legal, tax, insurance and environmental, social and governance (ESG) risks.

We have a role to play in transitioning to a low carbon economy. We also believe we have the responsibility to fund projects that will secure Australia’s energy needs now and into the future and coal has an important role to play in this.

NAB is the largest arranger of project finance to the Australian renewable sector. We have arranged $1.87 billion worth of loans for renewable energy projects over the last eight years.

Announcements

SEE ALL TOPICS

Related Articles

  • Full Year Results

NAB 2021 Full Year Results

NAB Group Chief Executive Officer Ross McEwan today released NAB’s 2021 Full Year Results and Annual Review.

  • 09.11.2021
  • Time to read 1 min read
  • Announcements

Port of Newcastle Hydrogen Hub

  • 08.11.2021
  • Time to read 1 min read
  • Climate

NAB receives HRH The Prince of Wales’ Terra Carta Seal in recognition of commitment to creating a sustainable future

NAB was awarded the inaugural 2021 Terra Carta Seal by His Royal Highness the Prince of Wales at the UN Climate Change Conference (COP26) in Glasgow.

  • 04.11.2021
  • Time to read 2 min read

Quick links

National Australia Bank — NAB

Sometimes When The Unexpected Happens, We Realise What We Truly Value. Whether A Home, Farm, Business Or Your Passion, NAB Is Here To Support You.

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights.