Bank of New York Mellon involved in potential Adani coal deal

North Queensland export terminal/Adani Abbot Point coal terminal

21 October 2021 It has been revealed that an Australian subsidiary of Bank of New York Mellon (BNYM) could be playing a role in a new funding deal linked to Adani’s Carmichael coal project. Market Forces has reached out privately to BNYM to clarify its position. Yesterday we received an … Read More

Bank of New York Mellon involved in potential Adani coal deal

North Queensland export terminal/Adani Abbot Point coal terminal

21 October 2021 It has been revealed that an Australian subsidiary of Bank of New York Mellon (BNYM) could be playing a role in a new funding deal linked to Adani’s Carmichael coal project. Market Forces has reached out privately to BNYM to clarify the position. Yesterday we received an … Read More

Adani must not be allowed to greenwash itself at UK climate summits

An Adani power plant as seen from the Tragadi fishing community settlement in India. Credit: Stop Adani

12 October 2021 Coal billionaire Gautam Adani cannot be allowed to greenwash his company’s reputation in front of world leaders and investors at the Global Investment Summit in London and the United Nations COP26 in Glasgow. Hosted by the UK Government on 19 October, the Global Investment Summit is meant … Read More

Hamilton Insurance Group sets new low with meaningless ESG principles

5 October 2021 Hamilton’s 116-word statement should be an example to all other insurers of what an ESG (environment, social, governance) policy should NOT look like. Since mid 2020, 28 Lloyd’s of London insurers have answered the call of the #StopAdani campaign and ruled out insuring the disastrous Adani Carmichael thermal … Read More

Case for cutting financial ties with Adani Group presented at webinar

21 September 2021 Last week Responsible Investor, in partnership with Market Forces, hosted a webinar entitled Adani Group’s new coal projects: why and how investors need to act. Hundreds of employees of financial institutions, based mainly in Europe and the US east coast were in attendance. Combined, the presentations from … Read More

Adani is doubling down on coal, investors and bond arrangers must act

30 July 2021 In mid-July Adani Electricity Mumbai issued US$300m worth of “sustainability-linked” bonds – a form of general corporate finance which carry no obligation to be directed towards sustainable projects and can be issued by any company willing to report on certain “sustainable” key performance indicators (KPIs). These KPIs … Read More