Wealthy Australians invest in coal projects as banks avoid due to environmental concerns.
Wealthy Australians are increasingly investing in coal projects as banks shy away due to environmental concerns. Income Asset Management Group Ltd., a fund manager, targets well-off Australians to provide private loans to coal and mining companies, offering returns of 12-13% per year. Over A$500m has been placed in coal and commodity-related infrastructure projects in the last three years.
July 21, 2024
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