Worley rules out Adani, but fossil fuels still on the agenda

21 October 2019 After years of pressure, Worley has finally confirmed it “has no intention” of working on the Adani Carmichael coal mine project. Engineering firm Worley was previously engaged to provide the design and construction of Adani’s original railway plan to haul coal from the Carmichael mine to the … Read More

Adani’s engineers GHD stay silent on coal mine work

15 July 2019 The engineering consultancy managing the design of Adani’s Carmichael coal mine is refusing to comment publicly or meet with #StopAdani alliance groups, as protests grow over its involvement in the disastrous project. Australia-based multinational GHD has a history of working with Adani on Carmichael. It developed the … Read More

Media release: Chubb’s coal policy has an Australia-sized loophole

July 9, 2019 Chubb’s new restrictions on its underwriting and investments in thermal coal have come under attack from Australia, as groups there call upon the insurer to clarify its stance on the controversial Adani Carmichael coal project. Chubb’s policy rules out underwriting new risks from companies that receive more … Read More

Banks could accidentally fund Carmichael coal via Adani bond issue

8 July 2019 In early July 2019 Adani issued US$1billion in bonds for one part of its business (Adani Ports and Special Economic Zone), which nine major banks invested in. This company operates several ports in India. Unfortunately, the evidence shows that the Adani group of companies has regularly funded … Read More

Adani still vulnerable on insurance for its Carmichael mine and railway

Great Barrier Reef coral bleaching

28 June 2019 Like the stampede that saw almost 40 major banks turn their backs on Adani’s Carmichael coal mine and rail project (eventually forcing Adani to pledge it will “self-fund”), major insurance companies are now also refusing to insure this climate-wrecking project. All major projects require underwriting insurance, for … Read More

Non, merci! Rothschild & Co. walks away from Adani

16 May 2019 In May 2018 it was revealed that French investment bank Rothschild and Co was helping Adani to sell a minority stake in the Abbot Point coal terminal on the North Queensland coast. The terminal would act as the port through which coal from the proposed Carmichael coal … Read More