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Whitehaven Chairman talks a load of self-serving #coal crap. Banks have a moral obligation not to make bad loans to ensure their Fiduciary Duty to protect their investors and depositors. Australian banks are realising they also have a Fiduciary Duty to align the Paris Agreement. https://twitter.com/pocockdavid/status/1319017010223738881
Talking of Fiduciary Duty, Mark Vaile has a Fiduciary Duty to serve his Whitehaven Coal shareholders & protect their capital, which he has failed spectacularly at. Overdue time for a board revamp!
Time for the @FinancialReview to do their moral responsibility and report honestly.
Time for the @FinancialReview to do their moral responsibility and report honestly.
The Chairman of Whitehaven Coal will probably argue that he has done a RELATIVELY sterling job, because his company has only destroyed 57% of shareholder wealth in the last three years, a period in which @peabodyenergy has destroyed far more i.e. 89%!
Give Vaile a payrise?!
Give Vaile a payrise?!
Hey look, JERA of 
- Australia's #1 thermal customer in the world - announces it is pulling out of #coal, and the @FinancialReview is silent.
Then KEPCO
- our #2 thermal customer in the WORLD - announces it is ceasing coal power plants, and the AFR misses it.
- Australia's #1 thermal customer in the world - announces it is pulling out of #coal, and the @FinancialReview is silent. Then KEPCO
- our #2 thermal customer in the WORLD - announces it is ceasing coal power plants, and the AFR misses it.
Then Mitsui & Co, one of the world's largest trading houses and a massive Australian coal investor, announces it is exiting coal, and the @FinancialReview fails to mention it.
All in one week. Nothing.
But failing coal Chair Mark Vaile has a cry and it is front page AFR news!?
All in one week. Nothing.
But failing coal Chair Mark Vaile has a cry and it is front page AFR news!?
