AUG 2021 UPDATE: SBI has finally broken its silence, confirming that, while the Adani loan is currently stalled, it could go ahead pending 'approvals' and 'vetting'. The loan is back on the table, but there's still time to stop it!
The State Bank of India is considering giving Adani almost AU $1 billion (5,000 CR) for their climate-wrecking Australian coal mine.
Following a global people-powered backlash in 2020, major investor AXA IM along with Amundi, the largest asset manager in Europe, divested from SBI. And the largest asset manager in the world, BlackRock, along with Norwegian giant Storebrand, have also spoken out against the proposed loan.
More than 103 major companies have refused to be involved with Adani’s climate-wrecking coal project because of the controversy and reputational risk associated with the project. Now Adani wants Indian taxpayers to foot the bill for a destructive project that private investors refuse to touch.
Contact the State Bank of India now and tell them public funds should be used for public good, not bailing out a billionaire's climate-wrecking coal mine.