31 May 2022
Wangan and Jagalingou (W&J) Traditional Owners have released a video calling on UK-based debt administration services company GLAS Agency to do no further work for Adani in Australia.
In the video, W&J Cultural Custodian Coedie McAvoy, who has been continuously occupying the Adani Carmichael coal mine site since August 2021, calls on GLAS management and GLAS staff to not be complicit in the destruction of W&J land and culture.
For close to a decade, the W&J people have resisted Adani’s disastrous coal project. They have made it clear that Adani does not have Free, Prior and Informed Consent for its Carmichael mine.
GLAS is believed to be replacing Bank of New York Mellon as security trustee for Adani’s NQXT (formerly Abbot Point) coal port, after a public backlash pressured the bank to resign from its role in late 2021. GLAS has recently lined up an investment from private equity firm Levine Leichtman. It is not known whether GLAS informed Levine Leichtman about the reputational risk it is facing due to its refusal to rule out further work for Adani coal, something 112 other companies have done, including several of GLAS’ direct competitors Perpetual, AMAL, Metrics and SILC Group. Market Forces has reached out to GLAS owners Mia Drennan and Brian Carne, as well as Kate White, the head of its Australian office, and has yet to receive a response.
“This is a message to all the management at GLAS. Do not fund Adani, with his port, or rail, or his Carmichael mine. Do not get involved in the abuse of indigenous rights.
“This is a message to all the staff at GLAS. Please, speak up, say something about this. Don’t let your company be a party to the destruction of our culture. We’ve lost so much already, we cannot afford to lose any more.”Coedie McAvoy, Wangan and Jagalingou Cultural Custodian