Standard Chartered quits controversial Queensland coal mining project


Involvement with the mine – which critics say threatens endangered species – was exposing the London-based bank to reputational damage

Standard Chartered bank is pulling out of a vast coal mining project in Australia that critics say threatens endangered species and could wreck international efforts to contain global warming.

The London-based bank revealed on Monday it was giving up its role advising the Indian conglomerate Adani on building one of the world’s biggest coal mines in Queensland and expanding a port on the Great Barrier Reef.

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