Bendigo Bank, Westpac and ANZ are the latest three banks to begin their exit from the Pacific Islands. Here are the five key reasons why that’s happening.

In short, the biggest winners are expected to be in Asia, while the wealthier countries, on balance, are not expected to receive as much of a boost.

The other opposition comes from ecologists and environmentalists who have argued the coal exports would stoke global warming and that the project would require a port expansion that could damage the Great Barrier Reef.