Corporate ‘middlemen’ mask who really profits from Australian fossil fuel projects, report warns
by Henry Belot from on (#70F3V)
Nominee companies - paid to be listed as shareholders on behalf of unnamed investors - could be reducing accountability over financial support of industry
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Three global banks are being paid to obscure who profits from 51 fossil fuel projects in Australia that produce 22m tonnes of carbon emissions each year, according to new analysis.
An analyst who authored the report says it highlights a massive problem" in Australia that could be reducing the amount of scrutiny investors face for financial support of the fossil fuel industry.
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