EFIC supporting Adani Carmichael

June 2018 Adani has failed to attract private finance to its proposed Carmichael mine and rail project and is becoming increasingly reliant on public funding to proceed. The company has already attempted to use the Northern Australia Infrastructure Facility to secure a publicly-funded loan – this was vetoed by the … Read More

Keep Chinese investment out of Adani Carmichael

We’ve found out how Adani plans to finance their mega coal mine. And we have two months to stop it. Adani has been talking to China Machinery Engineering Corporation (CMEC), a Chinese state owned enterprise capable of supporting the construction of the mine, but also with the financial capacity to … Read More

Big banks still supporting Whitehaven’s dirty coal operations

Whitehaven Coal’s Maules Creek mine was recently upgraded to the EPA’s highest environmental risk category, making it one of NSW’s three dirtiest mines. The company is also planning to expand its Vickery coal mine, which the local community is resisting due to grave concerns over environmental impacts. Despite Whitehaven’s appalling … Read More