Coalition frontbencher calls for Queenslanders to boycott Australia’s second-largest bank after it says it will now only lend to mines in established coalfields

All of Australia’s big four banks have ruled out funding or withdrawn from Adani’s Queensland coal project, after Westpac said it would not back opening up new coalmining regions.

Westpac, the country’s second-largest bank, released a new climate policy on Friday, saying it would limit lending for new thermal coal projects to “only existing coal producing basins”.

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Source: Guardian Climate Change