Activists protesting inside Siemens Brisbane office. Adani has announced that Siemens has been awarded a contract to deliver rail signaling systems for the rail line to its Carmichael mine - a coal project that would open up the Galilee thermal coal basin to mining...
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...
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3 October 2019 In a further blow to Adani, US-based insurer AXIS Capital has withdrawn from a bid to insure the construction of the Carmichael rail line.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...
Take Action: HSBC violates its coal mining policy to fund Adani Carmichael
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ]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...
Westpac and HSBC violate their coal policies to fund Adani Carmichael
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][x_image type="none" src="https://www.marketforces.org.au/wp-content/uploads/2019/08/Adani-Abbott-Point-spillage-coal-Dean-Sewell.jpg" alt="" link="false" href="#" title=""...
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...
Ten insurance companies rule out covering Adani’s Carmichael project!
Korean lenders rule out Adani!
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ] 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...
Adani’s new plan, November 2018 update
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ]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...
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...