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

Downer refuses to shed any light on Chinese involvement in Adani mine

2 November 2017 The board of Downer EDI today came under intense pressure from shareholders at its Annual General Meeting (AGM) over the company’s relationship with Adani and the planned Carmichael coal mine. In an unprecedented move that suggested the board wanted the meeting over and done with as quickly … Read More

Boral: “Climate not a significant risk”

2 November 2017 Last financial year, Boral Ltd spent around $300 million on energy and emitted 2.5 million tonnes of CO2 equivalent. So far this financial year the company has suffered losses of up to $10m due to the impacts of hurricanes in the US, which were exacerbated by climate … 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

Aurizon shareholders: How does Adani coal align with 2°C?

18 October 2017 Shareholders today grilled Aurizon over its plans to build a railway that would open up the Galilee Basin to coal mining. The coal haulage company currently has a financing bid before the Northern Australia Infrastructure Facility (NAIF), rivalling Adani’s request for $1 billion to build the rail … 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

Stop Adani – National Day of Action and November 1 Tour

10 October 2017 On Saturday concerned citizens around Australia turned out in their thousands to spell it out for the Federal and Queensland governments: the community is strongly against Adani’s Carmichael dirty Galilee Basin coal plans. Market Forces campaigners Matt and Pablo were at the Melbourne event, where over two … Read More

Event: Melbourne Rises for the Reef

On Saturday 16th September, 6:30pm we will be screening the inspiring Guarding the Galilee documentary at Federation Square’s iconic big screen. Right when we need to be urgently phasing out our use of coal, oil and gas to reduce global warming, building a giant new coal mine will only make … Read More

Media release: Commbank’s refusal to finance Adani coal mine

Commonwealth Bank’s confirmation that it will not be involved in financing the Carmichael coal mine leaves Adani in the highly improbable position of financing a major Australian project without the support of one of the “big four” banks. “It’s desperate measures now for Adani”, said Market Forces executive director Julien … Read More