Friday, May 23, 2008

Big bank pulls funding for Tasmianan pulp mill

The ANZ bank has pulled out its funding for the Gunns pulp mill to be built in Tasmania, according to the Finance Sector Union.

As yet, I haven't seen anything else on the online news sources confirming this, only earlier growing speculation. But if it's true, this is a huge success for the campaign against this debacle of a pulp mill, and a big step in forcing corporations to face their ecological and social responsibilities. If only they didn't keep hiking up borrowing interest rates.

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