A tourism
operator from the Great Barrier Reef has come halfway around the world in a
last-ditch attempt to save his business. He's hoping to convince European banks
not to fund a coal terminal expansion on his doorstep.
Signage of a protest against the proposed coal
port at Abbot Point, reading Reef In Danger, at the Great Barrier Reef
Tony Brown
is a long way from home. Dressed in a navy blue suit, he's sitting in the
breakfast room of his Frankfurt hotel, a boiled egg and Brötchen on his plate.
The last
time Brown came to Germany, he was in his 20s and the Berlin Wall was still
standing. Now a specific mission has brought him back. In a few hours he's
planning to address more than 4,000 shareholders at Deutsche Bank's annual
general meeting.
"I
think our story is compelling, and I think it's important that the banks hear
it," he tells DW.
For the
past 11 years, the 51-year-old has worked as a tour boat operator in the town
of Airlie Beach on Australia's tropical north-east coast. His company takes
visitors on sailing trips to the paradisiacal Whitsunday Islands and
world-famous Great Barrier Reef.
"There
are pristine waters and it's a beautiful place to take people snorkeling and
diving, because you can walk straight off a beach into the fringing
reefs," he says.
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Tony Brown: 'It's important the banks hear our story' |
The
development would make Abbot Point the biggest coal terminal in the world, and
involve dumping three million cubic meters of dredged sediment into the Great
Barrier Reef Marine Park.
"That's
enough spoil to build a five-meter high, one-meter wide wall from Hamburg to
Munich," he says. "If this volume of spoil was dumped in the Black
Forest, imagine the response from the people of Germany."
Taking on
the banks
This is
where the banks come in. Deutsche Bank was one of three lenders to help Indian
conglomerate Adani Group refinance the lease on the 30-year-old coal port.
Adani is now trying to raise billions more to expand the terminal.
In a final
effort to stop the project, Brown bought shares in potential investors -
including Societe Generale, Deutsche Bank and HSBC - and travelled to Europe to
urge the banks to stay away.
Brown has
just come from Paris, where the Societe Generale AGM didn't go quite as
planned. He's disappointed, he reports, because the board wasn't interested in
what he had to say.
"I'm
not going to profess that I'm the oracle on this, but I certainly have looked
into this deeply, and tried to understand what is going on here," he says.
"Presenting that information is important. At least I'm putting some
balance into the discussion."
Reef in
trouble
The Great
Barrier Reef is the largest coral structure in the world, home to 1,625 types
of fish, and an abundance of other marine species, including turtles, whales,
dolphins and dugongs.
Brown says
he's already seen an increase in shipping traffic in the area, and he worries
dredging could have an irrevocable effect on water quality and marine life.
"I'm a
business person who's concerned about his business, and I have other operators
out there who are concerned about their business and livelihood," he says.
"Sea dumping is not best practice, and it needs to be changed if we have
any hope of turning around the recovery of the Great Barrier Reef."
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There are 600 different types of coral and an abundance of marine life in the Great Barrier Reef |
The reef is
already under threat from climate change and bleaching coral. UNESCO has also expressed concerns about increasing development along the coastline and is
threatening to list the reef as World Heritage "in danger."
Last resort
After
breakfast it's time to go. Brown is optimistic about the meeting, and he has
some local support behind him. In the past few days more than 180,000 Germans
have signed a petition calling on Deutsche Bank not to back the mega coal
project.
Heffa
Schücking, director of German NGO Urgewald, arrives to accompany Brown to the
AGM. It's the one place, she says, "where they have to listen to
you."
"If
there's anyone out there who does care about this, this is the only way we can
reach them. Our experience has been that sometimes at AGMs surprising decisions
can be taken to move away from a project."
Making the
case
The massive
convention center hall at Messe Frankfurt is almost full. Several hours pass,
and a string of shareholders speak, before Brown's name is finally called.
He's
prepared a statement, but as it has to be in German, an interpreter is on hand
to read a translation.
He tells shareholders
how the Great Barrier Reef's tourism industry provides almost 60,000 jobs, and
annually generates more than 6 billion dollars for the Australian economy.
He also
tells them that more than 2 million people visit the reef each year - including
200,000 tourists from Germany.
But before
Brown's speech is over, there's some good news. Jürgen Fitschen, one of the
bank's co-chief executive officers, turns on his microphone and confirms that
the company will not finance the development without an assurance that it would
not damage the Great Barrier Reef.
"As
there is clearly no consensus between the Australian government and UNESCO
regarding the impacts of the Abbot Point expansion on the reef we will not
consider financial applications of an expansion," Fitschen says.
Mission
accomplished
Back at his
hotel, hurriedly packing a suitcase (He has a plane to catch), Brown is pleased
with how the day has gone. But he admits there will always be more investors
who could step in to fund the coal port.
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The Great Barrier Reef is the largest living structure on Earth, spanning 2,300 kilometers (1,430 miles) |
"We
know the reef's in trouble and needs strong steps to be managed into the
future, and Deutsche Bank made those strong steps today," he says.
Heffa
Schücking isn't so sure. "As an organization which has over 10 years
experience with watching Deutsche Bank, we do have to be careful and stay on
our toes," she says. "We will monitor where Deutsche Bank sends its
money. We don't want to see indirect financing going towards that harbor or
anything else that would destroy the reef."
Next stop
on the European tour: the HSBC AGM in London. Brown is hoping he'll have some
more good news to take back to his colleagues who live and work on the reef.
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