The Environmental Defenders Office has rejected concerns it is headed for collapse despite admitting that its $9 million failed legal action against gas giant Santos had raised questions over its future.
The taxpayer-funded green law charity said it had secured a $6.5 million interest-free loan to keep it afloat after posting an $8.6 million loss following its unsuccessful attempt to stop Santos’ Barossa gas project in the Northern Territory.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.