NAB rules out funding Adani Reef wreckers

They weren't involved but they've taken the step to publicly rule out funding Adani and the mining of the Queensland Galilee Basin carbon bomb. You can thank the NAB here :)

National Australia Bank has said it will not fund what would be the biggest coal mine in Australia, Adani's $16 billion Carmichael coal project, and signalled that it wants to take a leading role in developing renewable energy. 

While Adani has not approached NAB, and the bank has not done due diligence on the coal project, a NAB spokesperson said the bank "is not involved and has no plans to be involved in any financing of the Carmichael coal mine". 

NAB had no appetite to finance the project in its current form, even if it were asked to, sources told Fairfax Media. Read more