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

Media Release: Palaszczuk’s broken promise on QIC Adani trainwreck

Palaszczuk’s broken promise on QIC Adani trainwreck Friday 31 March, 2017: Support to Adani’s rail infrastructure from QIC is in clear breach of Queensland Premier Annastacia Palaszczuk’s election promise not to use public money to prop up the controversial coal project, according to environmental finance group, Market Forces. “QIC, wholly owned by … Read More

Help us get these local heroes to the Rio Tinto AGM

21 April 2016 Meet Rob and Annemaree McLaughlin. They’re from Bulga, a small town in the Hunter Valley that has for years had to live with Rio Tinto’s massive Mt Thorley Warkworth coal mine. Despite all we know about the damage coal is causing to the environment, climate and health, … Read More