News

Adani’s coal port debt raises doubts over ability to self finance - bankers and creditors must rule out refinance

The financial viability of Adani’s Carmichael coal mine is looking increasingly shaky. Last week the Sydney Morning Herald reported that Adani’s losses from its climate-wrecking...
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Adani loses another banker as bushfire survivors call on creditors to walk away

South African bank Investec has become the 68th major company to rule out involvement in the controversial Adani Carmichael coal project, while also distancing itself...
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Adani's mine fast becoming uninsurable as three major insurers pull out

Last week, three of the four insurance companies revealed to be working with Adani ruled out further work on the controversial coal mine. Now, the...
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Adani breaches Black-throated Finch Management Plan

In October 2020 Adani breached its Black-throated finch management plan, detailed on page 12 of Adani's compliance report. Adani's "offset" area that it is required...
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Report reveals monstrous amount of water needed for Galilee Basin mega mines

About 44,000 Olympic swimming pools worth of surface water could be needed each year for the 11 Galilee Basin mega-coal mines planned for the Belyando‐Suttor...
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Marsh green washes its role in coal project as #StopAdani escalates insurance campaign

The world’s largest insurance broker Marsh & McLennan Companies has squandered an opportunity to show leadership on climate change after failing to announce an expected...
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Adani's broker Marsh McLennan greenwashing its role in coal project

Climate groups have vowed to ramp up their campaign against Adani's insurance broker Marsh, after it published a one-page sustainability policy that included no mention...
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Thousands Join #StopAdani Global Online Rally

6000 #StopAdani supporters rally online calling on insurance broker Marsh to dump Adani’s Carmichael coal project
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Young Queenslanders make history taking on Clive Palmer’s coal mine

Young Queenslanders have made Australian history by challenging billionaire Clive Palmer’s Waratah Coal over infringement of human rights.
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Adani faces debt bill as Abbot Point refinancing fails

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...
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Adani receives criminal conviction for misleading Queensland govt over land clearing

Adani tried to cover up illegal land clearing works that it undertook in 2018. Adani failed to report clearing of an area of land the...
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