Japanese banks fund Whitehaven Coal

Coral Wynter
December 8, 2022
Issue 
1371
News
Photo: Supplied

Members of Move Beyond Coal visited the offices of three Japanese banks in the Sydney CBD on December 5 demanding that they stop funding Whitehaven Coal.

Sumitomo Mitsui Banking Corporation, MUFG Union Bank, and Mizuho Bank belong to 12 banks that refinanced Whitehaven’s $1 billion syndicated debt in February 2020.

That debt matures next July and Whitehaven are in negotiations to refinance the loan.

Whitehaven is the biggest coal mining company listed on the Australian shares market.

Since being listed on the Australian Securities Exchange in 2007, Whitehaven has derived 100% of its revenues from coal.

Related content 
NAB: Stop funding Whitehaven Coal
Rising Tide targets Labor for supporting coal
No to Whitehaven Coal’s expansion plans
Stop NAB supporting Whitehaven Coal
Environment
climate crisis
anti-coal
Whitehaven Coal
Environment
Australia

You need 91×ÔÅÄÂÛ̳, and we need you!

91×ÔÅÄÂÛ̳ is funded by contributions from readers and supporters. Help us reach our funding target.

Make a One-off Donation or choose from one of our Monthly Donation options.

Become a supporter to get the digital edition for $5 per month or the print edition for $10 per month. One-time payment options are available.

You can also call 1800 634 206 to make a donation or to become a supporter. Thank you.