29 January 2021 Media reports indicate that the world's 7th largest (in 2020) bookrunner for bonds, Deutsche Bank, has been blocked by its Sustainability Committee from participating in Adani Ports' latest bond issue. "Port-related environmental concerns which are in...
Barclays and Standard Chartered support Adani coal
28 January 2021 Adani Ports, the company developing essential coal haulage infrastructure for Adani's Carmichael coal project, this week issued US$500 million in bonds to find more investors like Allianz/PIMCO and HSBC, which are already heavily invested in the...
HSBC, Citi, JP Morgan, Standard Chartered undermining their statements on Carmichael by raising funds for SBI
8th January 2021 Reports indicate that the State Bank of India (SBI) is issuing a US$600 million bond next week, with HSBC, Citi, JP Morgan and Standard Chartered listed as managers leading the deal. SBI may be about to lend AU$1billion to the Carmichael coal project,...
Backlash to State Bank of India’s potential Adani coal loan spreads through finance sector
22 December 2020 The State Bank of India (SBI) is facing a growing backlash from finance sector firms, after news broke last month that it is seriously considering a A$1 billion loan to the controversial and destructive Adani Carmichael coal project. SBI’s potential...
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...
HSBC can help stop the State Bank of India from funding the Adani Carmichael coal mine. But will it?
9 December 2020 Since reports surfaced that the State Bank of India (SBI) is considering lending almost A$1billion to Adani’s Carmichael mega-mine, backlash against the loan has spread through the finance sector. Blackrock, the world’s largest asset manager, and...
Adani breaches environmental conditions again as SBI investors speak out against loan to the reckless project
4 December 2020 Adani Mining has been fined by the Australian Government for breaching environmental conditions in October, while building its coal mine in important wildlife habitat in central Queensland. This is yet another example of Adani’s disregard for...
Major investor threatens to dump State Bank of India bonds over Adani loan controversy
28 November 2020 Amid a growing public backlash, one of the State Bank of India’s (SBI) investors, French giant Amundi, has announced that it will sell off its SBI green bonds if the bank’s executives grant a A$1bn loan to Adani’s Carmichael coal mine. "We...
Op-ed: HSBC lags as finance cleans up Asian energy
HSBC lags as finance cleans up on Asian energy Op-ed by Munira Chowdhury, Analyst, Market Forces Published in Asia Times, 22 January 2020 Last week marked a significant milestone in the financial sector’s ever-increasing rejection of coal, as the world’s largest fund...
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...