Second major Korean brokerage withdraws financial backing for Adani's coal projects
by Ben Smee from Environment | The Guardian on (#56EMW)
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A second major Korean backer of Adani's Australian coal operation has said it won't provide any more financial support for the controversial miner, which faces potential debt difficulties related to its Abbot Point export terminal.
Guardian Australia has seen a letter from Korean brokerage firm Hanwha Securities - sent to the climate group Tipping Point on 30 July - which stated the firm would cease financing Adani's coal projects.
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