28 November 2020 Amid a growing public backlash, one of the State Bank of India’s (SBI) investors, French giant Amundi, has announced that it will sell off its SBI green bonds if the bank’s executives grant a A$1bn loan to Adani’s Carmichael coal mine. “We consider SBI should not finance … Read More
SBI’s investors must stop bank from throwing money away on Adani coal
25 November 2020 One week after Indian media reported the State Bank of India (SBI) is considering lending A$1 billion of Indian taxpayers’ money to Adani’s Carmichael coal project, Market Forces has received information that the decision will be made this week. Considering the huge reputational and financial risks inherent … Read More
State Bank of India is considering throwing away $1b of Indian taxpayers’ money on Adani’s Australian coal project
19 November 2020 As the global economy reels from the coronavirus pandemic and following a string of nations’ leaders committing to carbon neutrality in the face of intensifying climate catastrophes, the State Bank of India (SBI) is doing the unthinkable and considering loaning around A$1billion to Adani’s internationally shunned Australian … Read More
Adani forced to haul its own coal, driving up the cost of Carmichael
10 September 2020 Under the veil of the newly created Bowen Rail Company, Adani will be self-transporting Carmichael coal from pit to port. It appears that Adani tried to hide this development, with the new company’s website and media communications not mentioning “Adani” or “Carmichael”. The news highlights two major … Read More
Op-ed: HSBC lags as finance cleans up Asian energy
HSBC lags as finance cleans up on Asian energy Op-ed by Munira Chowdhury, Analyst, Market Forces Published in Asia Times, 22 January 2020 Last week marked a significant milestone in the financial sector’s ever-increasing rejection of coal, as the world’s largest fund manager BlackRock, with more than US$6.5 trillion assets … Read More
Siemens, tut das Richtige und sagt nein zu Adani!
Adani hat gerade bekanntgegeben, dass Siemens den Kontrakt erhalten hat, die Signaltechnik für die Bahnstrecke an der Carmichael Kohlenmine zu liefern – das ist ein Projekt, dass das Galilee Kohlebecken zu Zwecken des Bergbaus öffnen und hunderte Millionen Tonnen Co2 in die Atmosphäre ausstossen würde. Die Adani Carmichael Kohlenmine ist … Read More
Siemens, do the right thing and walk away from Adani!
Adani has announced that Siemens has been awarded a contract to deliver rail signaling systems for the rail line to its Carmichael mine – a coal project that would open up the Galilee thermal coal basin to mining and add hundreds of millions of tonnes of CO2 to the atmosphere. … Read More