Adani is trying to get Siemens to provide signalling for the rail line to its Carmichael mine – a coal project that would open up the Galilee thermal coal basin to mining and add hundreds of millions of tonnes of CO2 to the atmosphere. The Adani Carmichael coal mine is … Read More
Engineers, coal haulage, finance & insurance: Stop Adani campaign update, October 2019
20 October 2019 After another week of news and protest over rail haulers and contracts for the Carmichael rail line, who is on track in the campaign to #stopadani? The working week ended with what looked, at first glance, like a blow to the campaign to prevent Adani’s destructive Carmichael … Read More
Media release: AXIS Capital withdraws from Adani rail line insurance deal
3 October 2019 In a further blow to Adani, US-based insurer AXIS Capital has withdrawn from a bid to insure the construction of the Carmichael rail line. AXIS’ move makes it the 15th major insurer and 58th company to refuse to support the construction of Adani’s coal mine and railway … Read More
Take Action: HSBC violates its coal mining policy to fund Adani Carmichael
23 August 2019 Over 55 major corporations, from banking and insurance to engineering and construction, have ruled out working on the disastrous Adani Carmichael coal project. One of these companies is HSBC. Back in 2016 HSBC announced it would no longer finance new thermal coal mines. However, it was revealed … Read More
Westpac and HSBC violate their coal policies to fund Adani Carmichael
Adani’s Abbot Point coal port. Credit: Dean Sewell 23 August 2019 Two of these are Westpac and HSBC. Back in 2016 HSBC announced it would no longer finance new thermal coal mines. In 2017, Westpac also ruled out the Adani Carmichael project. However, both banks are providing Adani’s engineers GHD … 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
Korean lenders rule out Adani!
5 November 2018 Three Korean financial institutions have ruled out investing in the Adani Carmichael coal mine, rail line or Abbot Point coal export terminal, as confirmed in emails to the Wangan and Jagalingou (W&J) Traditional Owners Council. The W&J traditional owners are visiting Korea this week, supported by Market … Read More
Adani’s new plan, November 2018 update
5 November 2018 The next six months will be critical for whether Adani’s destructive mega coal mine goes ahead. Thanks to some cost-cutting, on both its proposed railway line and the mine itself, Adani’s Carmichael project is now a far cheaper, and therefore more bankable, proposition. A smaller initial phase … Read More
Downer board can’t face up to climate questions
1 November 2018 Downer’s board of directors faced questions at today’s annual general meeting about their climate change views and the company’s stance on Australia’s emissions targets. Downer Holdings Company Ltd, as it is listed on the Australian stock exchange, has a diverse business portfolio that includes power, oil and … Read More
