Marsh & McLennan present greenwash at AGM

28 May 2020 Marsh and McLennan’s 183-word ‘Client engagement principles’ is not a climate policy, it is greenwash. Last week Marsh & McLennan (MMC), Adani’s insurance broker Marsh’s parent company, held its 2020 annual general meeting (AGM). Following months of intense pressure in the lead-up to the AGM, not only … Read More

Marsh and Mercer ignoring staff wishes by continuing Adani coal work

27 April 2020 Insurance broker Marsh has been working with the conglomerate Adani for several years, most recently searching the globe for insurance companies willing to cover the Adani Carmichael coal project construction and operation. With 16 major insurers refusing to insure the massive new thermal coal project, the going … Read More

Adani faces debt bill as Abbot Point refinancing fails

15 April 2020 The deteriorating financial state of the Adani Group and its Abbot Point coal export terminal raise serious questions about the ability of Adani to keep using its own money to finance the much-delayed Carmichael coal mine and rail line. Three major debts of Abbot Point are due … Read More

Adani looking for Abbot Point investors

12 March 2020 Adani is asking investors to back the Abbot Point coal export terminal for the next seven years through a new bond. With take-or-pay contract protection now largely expired, whoever invests is placing a massive bet about the Carmichael coal project going ahead, but some key aspects of … Read More

The Siemens fiasco should scare off Adani’s other European supporters

Siemens don't build Adani - Galilee Blockade

20 February 2020 The pressure on Siemens, the German multinational which last month destroyed its reputation over a $30 million contract, offers a cautionary tale about how dangerous business as usual can become if you haven’t noticed that the world around you has changed. Siemens, which trumpets its sustainability credentials … Read More

Rockwell Automation 64th company to rule out Adani

17 February 2020 US-based multinational Rockwell Automation has become the 64th major company to rule out work on the climate-wrecking Adani Carmichael coal project. In response to a letter from the Stop Adani Alliance sent on 13 February, Rockwell CEO Blake Moret wrote: Rockwell Automation is not working with Adani … Read More

Siemens AGM dominated by Adani criticism

6 February 2020 With hundreds of protestors chanting outside and an over-the-top security presence inside, Siemens annual general meeting (AGM) in Munich yesterday was dominated by stern criticism, by both institutional investors and ordinary Germans, of Siemens’ decision to stick with a contract to supply signalling technology for the Carmichael … Read More