Australia's ANZ became the country's last major bank to walk away from thermal coal investments on Thursday, October 29, delivering a fresh blow to a sector facing export market upheaval and widespread public hostility.
Prime Minister Scott Morrison's conservative government has slow-peddled measures to tackle climate change, conspicuously avoided any national commitment to being carbon-neutral and vowed continued support for fossil fuels – including green-lighting new coal mines – despite strong public opposition. ANZ's decision drew withering criticism from Morrison's government, with Resources Minister Keith Pitt telling the bank to"focus on home loans, not activism" and not play"eco-warrior."
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