Korean lenders rule out Adani!

5 November 2018 Three Korean financial institutions have ruled out investing in the Adani Carmichael coal mine, rail line or Abbot Point coal export terminal, as confirmed in emails to the Wangan and Jagalingou (W&J) Traditional Owners Council. The W&J traditional owners are visiting Korea this week, supported by Market … Read More

Adani’s new plan, November 2018 update

5 November 2018 The next six months will be critical for whether Adani’s destructive mega coal mine goes ahead. Thanks to some cost-cutting, on both its proposed railway line and the mine itself, Adani’s Carmichael project is now a far cheaper, and therefore more bankable, proposition. A smaller initial phase … Read More

Downer board can’t face up to climate questions

1 November 2018 Downer’s board of directors faced questions at today’s annual general meeting about their climate change views and the company’s stance on Australia’s emissions targets. Downer Holdings Company Ltd, as it is listed on the Australian stock exchange, has a diverse business portfolio that includes power, oil and … Read More

Boral still won’t rule out working with Adani

30 October 2018 It’s hard to know where to begin with Boral, one of the world’s 160 most polluting companies. You could look at the fact that it’s been shying away from renewables, despite losing $15 million USD from climate-driven weather events in the last financial period. Or that its absolute emissions are … Read More

WorleyParsons won’t rule out Adani

23 October 2018 “Can the board confirm that it has completely ruled out working with Adani on the Carmichael coal mine and its supportive infrastructure like the North Galilee Basin Rail Line and the Abbot Point coal terminal that will transport coal from the mine?” asked a shareholder at the WorleyParsons … Read More

Aurizon doesn’t want to become ‘public enemy number one’

18 October 2018 Aurizon’s relationship with Indian coal mining giant Adani dominated question time at its annual general meeting in Brisbane today. Last month, Adani proposed a shorter rail line that would link its proposed Carmichael mega mine in the Galilee Basin to Aurizon’s existing Central Queensland Coal Network. “Would … Read More

Adani accused of not paying contractors

17 September 2018 The Australian Financial Review reports today that two companies, AECOM and Jangga Operations, are claiming they are owed money by Adani for work the companies did on the Carmichael coal project. Engineering and design group Aecom is trying to recover almost $17 million it alleges it is … Read More