Climate activists called on Deutsche Bank on October 27 not to loan Whitehaven Coal more than $2 billion to expand its operations in northern New South Wales. A protest was also held outside Whitehaven Coal's office in Gunnedah.
Protesters bought scones to make their “cook scones, not the planet” point and marched to Whitehaven Coal's office, where their Annual General Meeting (AGM) was being held. Gomeroi Traditional Owners and Farmers for Climate Action asked questions of the board.
Nic Clyde from Lock the Gate Alliance told the protest that even the International Energy Agency said the world could not afford new coal mines. Whitehaven Coal wants to build three new coal mines.
Shareholders grilled Whitehaven Coal at its AGM over plans to start new mines at Narrabri, Vickery and Winchester South — three combined coal reserves of almost 500 million tonnes.
Shareholders grilled Whitehaven Coal's board over the coal projects incompatibility with the effort to limit global warming. Almost 10% of investors demanded the company transition away from coal.
Market Forces is running an online campaign to tell Whitehaven’s lenders, including Deutsche Bank, to rule out financial support.