Wednesday 13 December, 2017: China Merchants Bank today provided a statement to environmental finance campaigning group Market Forces, confirming it will have no part in the proposed Adani Carmichael coal mine. The bank replied to a letter outlining an array of concerns with the proposed project and the corporate record … Read More
Westpac rules out Abbot Point terminal
8 December 2017 Westpac today all but confirmed it would not refinance the Abbot Point coal terminal, striking another blow to the crippled Adani coal mine. Climate related questions dominated the opening of question time at the bank’s annual general meeting in Sydney, revealing a lack of awareness around its … Read More
Embassy confirms: no Chinese money for Adani
6 December 2017 In a massive blow for both the Adani company and the Australian Government, the Chinese embassy has confirmed that no Chinese money will be invested in Adani’s Carmichael coal project. China’s rejection of Adani comes despite Deputy Primer Minister Barnaby Joyce and Trade Minister Steve Ciobo making … Read More
Chinese banks rule out Carmichael coal mine!
Most Australians won’t know about the Industrial and Commercial Bank of China, Bank of China or China Construction Bank. They are massive – among the biggest commercial banks in the world by assets. All three banks are also current lenders to China Machinery Engineering Corporation, the company Adani has been … Read More
China Construction Bank rules out Adani coal!
Your email will also go to CMEC and its other bankers that getting involved in Adani’s coal mine would mean supporting one of the most environmentally damaging projects they could find, risking their own reputation.
Keep Chinese investment out of Adani Carmichael
We’ve found out how Adani plans to finance their mega coal mine. And we have two months to stop it. Adani has been talking to China Machinery Engineering Corporation (CMEC), a Chinese state owned enterprise capable of supporting the construction of the mine, but also with the financial capacity to … Read More
Adani List Tour
1 November 2017 Today we marched down Collins Street to confront the companies that are doing business with Adani, ending up at the International Mining Conference where the CEO of Adani Australia was set to deliver an address to a crowd of Australia’s mining elite. The day began with the … Read More
#StopAdani Corporate Villains tour of Melbourne, 1 Nov
We are at an important stage of the #StopAdani Campaign. A crucial period where Adani is racing against the clock to reach financial close and convince the Australian Government to fund its climate destruction. We are learning more and more about Adani’s shady business dealings, and it’s time to shed … Read More
Westpac out of Adani Abbot Point refinancing?
Westpac CEO Brian Hartzer today confirmed that the bank’s coal lending restrictions would, in theory, apply to restrict finance for infrastructure projects that are directly linked to new coal basin developments. That looks like a pretty good indication that Westpac won’t contribute to a refinancing deal for Adani’s Abbot Point … Read More