Northern Australia fund board risks legal action over Adani loan
~ Laura Tingle, Political Editor, Australian Financial Review@latingle http://www.afr.com/business/mining/coal/laura-tingle-j7ges.html11 April 2017:
“Directors of the Northern Australia Infrastructure Facility are likely to be in breach of their duties
if they approve a controversial $900 million government loan for a railway to serve the Adani coal mine,
and face possible legal action, according to legal advice received by the Australian Conservation Foundation.
“Lawyers at Environmental Justice Australia wrote to the directors of the NAIF on Tuesday
sharing legal advice that the loan would put the directors personally in breach of duties to consider the financial risks associated with climate change if they make an investment decision in support of the Galilee Basin rail project. … “
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