SBI’s investors must stop bank from throwing money away on Adani coal

25 November 2020 One week after Indian media reported the State Bank of India (SBI) is considering lending A$1 billion of Indian taxpayers’ money to Adani’s Carmichael coal project, Market Forces has received information that the decision will be made this week.  Considering the huge reputational and financial risks inherent … Read More

Adani Mining accidentally reveals true identity in monumental PR fail

November 6 2020 Yesterday, under the cover of the US Presidential Election, Adani Mining announced via coal-friendly media outlets that it was rebranding to “Bravus Mining and Resources”. However, this quiet name change soon turned into a public relations disaster when the real meaning of bravus was revealed by Latin … Read More

Adani loses another insurer as Lloyd’s market feels the pressure

29 October 2020 Another Lloyd’s insurer that is providing cover for the Adani Carmichael project has committed to not renewing or taking on any new policies with the destructive coal project. Apollo Underwriters is the latest Lloyd’s syndicate to dump Adani and the second of its current insurers to do … Read More