ANZ forest test for Gunns’ pulp mill
Matthew Denholm; 15/4/08
ANZ Bank says it is examining whether the Gunns pulp mill proposed for northern Tasmania will destroy high conservation value forests before deciding whether to finance the project. Environment Minister Peter Garrett, his predecessor Malcolm Turnbull and the Tasmanian Government all refused to consider the impact on Tasmania’s forests of the mill’s appetite for up to four million tonnes of woodchips each year. However, ANZ - Gunns’ banker and a proposed financier of the $2 billion project - earlier this month adopted a policy committing it to “avoiding” support for projects that destroy high conservation value forests.
See: http://www.theaustralian.news.com.au/story/0,25197,23700261-5013404,00.html
Tags: Australia, Environment, Trade