“WCC challenges the need for the inquiry into the prudential regulation of investment in Australia’s export industries. This is clearly an attempt by the Federal Government to promote further investment in the coal and gas industries at a time when the smart money in our banking, insurance and superannuation institutions see increasing financial and health risks in these industries.”

“Why are some Australian politicians encouraging Australian businesses to invest in coal
and gas projects, and even investing taxpayer money in coal and gas projects, which carry unacceptable financial risk as the global market moves towards more efficient and
environmentally sustainable technologies?”