UPDATE 19 June 2020 All four of the insurers named in the article last week as underwriters for the Adani Carmichael project are now out! Aspen has confirmed it will not renew its insurance policies covering the Carmichael coal project. Read the news here. It is not yet known when … Read More
Marsh & McLennan present greenwash at AGM
28 May 2020 Marsh and McLennan’s 183-word ‘Client engagement principles’ is not a climate policy, it is greenwash. Last week Marsh & McLennan (MMC), Adani’s insurance broker Marsh’s parent company, held its 2020 annual general meeting (AGM). Following months of intense pressure in the lead-up to the AGM, not only … 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
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
BlackRock has a mountain to climb if it wants the moral high ground on Adani
7 February 2020 After Siemens’ annual general meeting in Munich became a parade of criticism and rebuke over the company’s decision to work on the Adani Carmichael coal mine, BlackRock decided to weigh in to the issue. The Financial Times reports that BlackRock rebuked Siemens, saying the company had failed … Read More
Australia’s major political parties, brought to you by fossil fuels!
February 2020 Every year, Australian governments and their departments spend billions of dollars of your money so that more coal, gas and oil can be extracted and burned. Favourable decisions include: tax-based subsidies direct contributions concessional loans from public financial institutions lax environmental laws and approvals for disastrous projects. Meanwhile, … Read More
Siemens chooses Adani over a safe climate
In a statement, Siemens CEO Joe Kaeser restated his company’s support for the Adani Carmichael project, a mine that would open up a massive new thermal coal basin. Over 60 companies have so far refused to finance or work on Adani’s disastrous coal export project, which threatens the rights of … Read More
Media release: Siemens decides to work on Adani Carmichael coal project
Responding to the news that Siemens has decided to continue working on the Adani Carmichael coal export project, Market Forces Executive Director Julien Vincent said: “Siemens’ appalling decision to keep working on Adani’s climate-wrecking coal mine shows its indifference to the horrendous climate change impacts being faced by Australia and the rest … Read More
Siemens reconsidering Adani contract!
We’re close to Siemens making a decision on whether or not to walk away from Adani’s climate-wrecking Carmichael coal project. With the impacts of climate change being felt around Australia and the world, take a moment to tell Siemens they can’t be part of opening up a massive new thermal … Read More
GHD’s announcement doesn’t go far enough
On 16 December 2019, global engineering firm and Adani’s longest-serving contractor GHD updated a statement on its website revealing it has no ongoing contractual obligations on the climate-busting Carmichael coal mine project. This is a welcome and important first step but disappointingly doesn’t go far enough. After 10 years of … Read More