Adani doesn’t want investors to know they are destroying our environment – and Wangan and Jagalingou land – to dig Australia’s biggest coal mine. But environment-wrecking projects can be stopped even when they are under construction: the Jabiluka mine, James Price Point gas plant and the Franklin Dam were all victories for people power.
Why is the Adani campaign so important? If we really want to slow Australia’s contribution to climate change, reducing our coal exports is essential. We export fully 200% more greenhouse gas equivalent (to be burnt overseas) than we emit in Australia from every source, including manufacturing, agriculture, transport and electricity. That’s why we can’t let a new coal basin in Queensland open up, especially with other billionaires like Gina Reinhart and Clive Palmer watching and waiting before they activate their coal leases in the Galilee Basin.
What’s the focus on finance? The #StopAdani movement has identified 5 investment banks that have fingers in Adani’s complex financial web: Blackrock, State Bank of India, MUFG, HSBC and JP Morgan. And CCBR supporters are joining in asking that:
1. each company use its influence as one of the biggest investors across Adani-owned entities to demand that Adani stop all work on the Carmichael Coal Mine and Rail Project
2. if Adani refuses to stop work, each company publicly commits to cease further investments and withdraw existing investments from Adani Ports, Adani Enterprises, Atulya Resources, the Carmichael Coal Mine and Rail Project, and the North Queensland Export Terminal.
What you can do
• Join CCBR supporters and others in a Digital Storm targeting JP Morgan. By Zoom 9am Wednesdays. Register here. We’ve sent almost 300 messages and phone calls so far to executives fo the company, and would welcome your help.
• SEPTEMBER UPDATE NOW COMPLETE: 1100 messages sent
• Keep up to date with the campaign at https://www.stopadani.com/events and watch the CCBR newsletter for ways to become involved.
Can we make a difference?
Yes, we can! After the Adani campaign ensured that the company would NOT receive a billion dollar loan from the Federal government, the campaign focused on companies working, or potentially working, with Adani. Over 100 companies have now said No to Adani, after they were alerted to its poor record on environmental degradation, pollution and indigenous rights, as well as the damage to the climate of opening a new mega mine. They include many insurers: Lloyd’s of London, which handles 40% of the world’s energy insurance, devised a policy that went well beyond Adani – it ruled out backing all thermal coal, oil sands and Arctic energy exploration.
Update:
The #StopAdani movement identified 5 investment banks that have fingers in Adani’s complex financial web: Blackrock, State Bank of India, MUFG, HSBC and JP Morgan. CCBR supporters focussed on JP Morgan, asking executives that they demand Adani stop all work on the Carmichael Coal Mine and Rail Project; and if Adani refuses to stop work, to publicly commit to cease further investments and withdraw existing investments from Adani. Through July and August 2021, a number of CCBR supporters met via Zoom every Wednesday morning, and together sent over 1100 text messages, emails and phone calls to executives of the company.