State Bank of India staff reject its proposed loan to Adani coal

17 December 2020 Over 90% of respondents to Market Forces’ State Bank of India (SBI) staff survey would oppose the public bank’s lending of A$1 billion to Adani’s Australian mega-mine. This puts SBI’s management on a collision course with its employees if it ends up supporting Adani’s climate-wrecking Carmichael thermal … Read More

Urgent: Tell HSBC to withdraw from Payra coal port

6 November 2020 Use the form on the right to email HSBC telling the bank to withdraw from Payra Port. UK-headquartered HSBC is arranging finance for the dredging of Payra coal port in Bangladesh. Among other commodities, this port would import 20 million metric tons of coal for eight proposed … Read More

HSBC: don’t fund coal in Bangladesh

12 November 2019 Our new report, co-published last week with civil society organisations in Bangladesh, shows that if all the coal power projects proposed for Bangladesh were built, these plants would increase the country’s coal capacity 63-fold, from 525 MW today to 33,200 MW by 2031. HSBC is considering funding … Read More