Adani loses another insurer as Lloyd’s market feels the pressure

29 October 2020 Another Lloyd’s insurer that is providing cover for the Adani Carmichael project has committed to not renewing or taking on any new policies with the destructive coal project. Apollo Underwriters is the latest Lloyd’s syndicate to dump Adani and the second of its current insurers to do … Read More

Adani looking for Abbot Point investors

12 March 2020 Adani is asking investors to back the Abbot Point coal export terminal for the next seven years through a new bond. With take-or-pay contract protection now largely expired, whoever invests is placing a massive bet about the Carmichael coal project going ahead, but some key aspects of … Read More

The Siemens fiasco should scare off Adani’s other European supporters

Siemens don't build Adani - Galilee Blockade

20 February 2020 The pressure on Siemens, the German multinational which last month destroyed its reputation over a $30 million contract, offers a cautionary tale about how dangerous business as usual can become if you haven’t noticed that the world around you has changed. Siemens, which trumpets its sustainability credentials … Read More

Fact Check: Siemens’ attempt to justify the unjustifiable

Siemens Don't Build Adani protest banner

21 January 2020 Last week Siemens confirmed it intends to go ahead and do signalling work for Adani’s climate-wrecking Carmichael coal project rail line. Siemens CEO Joe Kaeser attempted to justify this unjustifiable decision with a public statement full of nonsense, red herrings and dodgy spin. There are a number … Read More

Siemens chooses Adani over a safe climate

Siemens has turned its back on the tens of thousands of people who have implored the company to walk away from the Adani Carmichael coal export project. In a statement, Siemens CEO Joe Kaeser restated his company’s support for the Adani Carmichael project, a mine that would open up a … Read More

Siemens reconsidering Adani contract!

After a massive public outcry to Adani awarding Siemens the contract to conduct signalling on the Carmichael rail line, Siemens’ boss Joe Kaeser has said he would review the agreement. We’re close to Siemens making a decision on whether or not to walk away from Adani’s climate-wrecking Carmichael coal project. … Read More

Adani could be doing an insurance deal with Lloyds, Canopius and AXIS Capital

Great Barrier Reef coral bleaching

UPDATE 4 October 2019 AXIS Capital and Canopius have withdrawn from the rail line insurance deal! AXIS made a statement saying it “…confirmed that AXIS has withdrawn its quotes for the Adani railway.” Canopius has also made a statement saying “Canopius is not involved in any negotiations to provide insurance … Read More