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
Canberra protestors at the Korean Embassy warn Korean investors not to back Adani’s disastrous coal export plans
10 October 2018 Today, Canberrans turned out at the Korean Embassy to warn potential investors that buying a stake in Abbot Point means helping Adani build the most controversial project in Australia’s history. It’s vital that Korean financial institutions and companies are made aware of the massive social and environmental … 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