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

WIN! CommBank will not be asked to finance Adani Carmichael

11 August 2017 “We have been asked about our role in funding the Adani Carmichael mine. Whilst in general we do not comment on specific clients, we can confirm that we are not amongst the banks who have been, or will be, asked to consider this financing.” That was a … Read More

AECOM wants to help Adani rip up the Galilee

US-based design, engineering and construction company AECOM has signed a letter of agreement with Adani to provide the design and surveying required for the Carmichael rail line. Use the form to tell AECOM to ditch its plans to help Adani rip up the Galilee Basin, unlock the carbon bomb that … Read More

Media Release: Lack of funders belies Adani’s investment intentions

TUESDAY 6 JUNE, 2017: Adani’s expected ‘investment decision’ concerning its proposed Carmichael mine is little more than a PR stunt, according to environmental finance group Market Forces. With a net debt estimated at $2.5 billion, Adani Enterprises has yet to raise a single cent of the $5 billion required to capitalise … Read More