Join the campaign to stop Adani’s destructive Carmichael coal mine.
Adani’s Carmichael coal project is trashing First Nations land rights, draining critical water resources, risking our already distressed Great Barrier Reef and fueling runaway global warming that threatens all our lives and livelihoods. It must be stopped and the coal left in the ground.
To continue to operate the Carmichael mine, rail line and port, Adani Group will need ongoing insurance and financing. With your help, we can make sure that the companies that provide these services understand that supporting Adani would be a reputation-destroying move. With enough pressure, we can convince Adani to walk away from its disastrous Carmichael coal project for good.
ABOUT THE CARMICHAEL COAL PROJECT
Adani Group’s Carmichael thermal coal project in Queensland includes what could become Australia’s biggest coal mine, a connecting rail line, and the North Queensland Export Terminal (NQXT, formerly Adani Abbot Point Terminal) a port in the Great Barrier Reef World Heritage Area.
Carmichael will help open up the untapped Galilee Basin to more climate-wrecking mega-mines. Unless it is stopped it could set off a carbon bomb of global significance, fueling the climate crisis right when the need to phase out fossil fuels has never been more urgent.
The Traditional Owners of the land where Adani’s Carmichael mine is being developed, the Wangan and Jagalingou, have not given their Free, Prior and Informed Consent to the project, and continue to resist it.
Carmichael coal mine
|Belyando QLD 4721, Australia|
North Queensland Export Terminal
|Bowen QLD 4805, Australia|
Great Barrier Reef
|Mullers Reef, The Percy Group 4707, Australia|
Stop Adani action outside a Westpac bank branch.
THE WINS SO FAR
Adani’s Carmichael coal project is hugely controversial. Thanks to a relentless community campaign, Carmichael has already:
- Decreased to one sixth of its originally proposed size (at least in its initial phase).
- Been delayed by around 8 years.
- Failed to secure any direct external finance, with over 100 major companies, publicly ruling out any direct association with the project.
However, Adani Group remains committed to Carmichael and the conglomerate still has support from some laggard banks, insurers and investors.
We need your help to keep up the pressure on Adani. Take action now by sending an email to the creditors and bankers of NQXT to demand they cut ties with Adani’s Australian coal port, or scroll down to learn more about our work and how you can get involved.
Legal advice says Deutsche Bank breaching own coal policy by financing companies building new coal mines
10 August 2022 As a lender to Whitehaven Coal and Adani Enterprises, both companies investing heavily in expanding thermal coal mining, Deutsche Bank has been a financial institution of concern for some time. However the bank’s 2020 policy on thermal coal mining,...
UPDATE 26 August 2022 Lockton has confirmed to Market Forces that it is not and will not broker insurance for Adani’s Carmichael thermal coal project. Find out more here. 23 June 2022 Two weeks ago, the #StopAdani campaign received a tip-off that on 29 May 2022,...
31 May 2022 Wangan and Jagalingou (W&J) Traditional Owners have released a video calling on UK-based debt administration services company GLAS Agency to do no further work for Adani in Australia. In the video, W&J Cultural Custodian Coedie McAvoy, who has been...
23 May 2022 New regulations coming into effect last month require superannuation funds to disclose all of their holdings. With this data now available to the public, Market Forces checked the exposure of super funds to the two Adani Group subsidiaries directly...
19 May 2022 Financial new sources confirmed last week that Standard Chartered and Barclays have funded Adani Enterprises, the Adani Group subsidiary pursuing several new thermal coal mining projects, including the disastrous Carmichael mine in Australia. The US $250m...
12 May 2022 Global investment management firm Vanguard recently released its 2021 Investment Stewardship Report, where it discusses the supposed impact of its engagement with the companies in which it invests. Vanguard provides case studies on the Adani Group (p 36)...