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

Siemens, tut das Richtige und sagt nein zu Adani!

Siemens don't build Adani - Galilee Blockade

Adani hat gerade bekanntgegeben, dass Siemens den Kontrakt erhalten hat, die Signaltechnik für die Bahnstrecke an der Carmichael Kohlenmine zu liefern – das ist ein Projekt, dass das Galilee Kohlebecken zu Zwecken des Bergbaus öffnen und hunderte Millionen Tonnen Co2 in die Atmosphäre ausstossen würde. Die Adani Carmichael Kohlenmine ist … Read More

Siemens, do the right thing and walk away from Adani!

Siemens don't build Adani - Galilee Blockade

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 and add hundreds of millions of tonnes of CO2 to the atmosphere. … 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

Media release: Fourth major Chinese bank walks away from Adani mega mine

Wednesday 13 December, 2017: China Merchants Bank today provided a statement to environmental finance campaigning group Market Forces, confirming it will have no part in the proposed Adani Carmichael coal mine. The bank replied to a letter outlining an array of concerns with the proposed project and the corporate record … Read More

Chinese banks rule out Carmichael coal mine!

Most Australians won’t know about the Industrial and Commercial Bank of China, Bank of China or China Construction Bank. They are massive – among the biggest commercial banks in the world by assets.  All three banks are also current lenders to China Machinery Engineering Corporation, the company Adani has been … 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