Tag: Stop Adani

Australian Govt invests taxpayers money in Adani’s Carmichael coal project: Stop Adani

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By SAT News Desk

MELBOURNE, 16 December 2020: The ‘Stop Adani’ environment organization has alleged: “Australia’s sovereign wealth fund, the Future Fund, is investing taxpayer money in an Adani Group company that is funding critical aspects of the controversial Carmichael Coal Project and holds business ties to the Myanmar military”.

In a statement emailed today to South Asia Times (SAT), Stop Adani says, ” Rohingya community, human rights, and environmental groups are calling on the Future Fund to divest its equity holdings from Adani Ports and Special Economic Zone, because of critical environmental, social and corporate governance failings of the company in Myanmar and Australia.

In January 2019 Adani Ports entered into a commercial relationship with Myanmar Economic Corporation (MEC), a Myanmar military holding company, to build an international port in Yangon on military-owned land.

Adani Ports entered into a lease with MEC for 50 years for an investment of USD $290 million for the construction of Ahlone International Port Terminal 2. The Myanmar military owns four commercial ports in Yangon that are currently operational. The first phase of Adani’s port is scheduled for completion in 2021.”

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Photo- Stop Adani, Twitter

Pablo Brait, a campaigner with Market Forces said: “The Future Fund should be investing in the companies building our future, not those that are destroying it. Adani Ports’ role in the Carmichael coal project – a project that will fuel the climate crisis and the extreme weather that it is causing – shows it is a terrible investment for the Future Fund to be making with our money. It is clear that Adani Ports has a very concerning environmental, social, and governance risk profile beyond its role in climate-wrecking coal.

The media statement says:

“Adani Ports’ business with the Myanmar military, in disregard of human rights, follows its recently revealed direct role in the Carmichael coal project in Australia, which is a major threat to the environment and Traditional Owners of the land, the Wangan and Jagalingou people. Adani Ports has recently established the subsidiary Bowen Rail Company to transport coal from the Carmichael mine.

The groups submitted a Freedom of Information request to the Future Fund, to disclose any holdings it has in Adani Ports and Special Economic Zone Ltd. The Future Fund disclosed AUD$3.2 million in equity holdings, invested despite the company’s widely known and heavily criticized environmental and human rights record.

In August 2019 UN Human Rights Council’s Fact-Finding Mission on Myanmar warned that companies involved with the MEC risked being complicit in funding the financial operations of the Myanmar military and urged companies to sever ties.”

Mohammad Junaid from the Burmese Rohingya Community in Australia says, “It is shocking to the Rohingya people that Australia’s Future Fund has invested in a company that is doing business with the Myanmar military. The UN has condemned foreign companies profiting at our expense.”

Member of the UN Fact-Finding Mission on Myanmar, Australian lawyer, Chris Sidoti said: “Adani is in bed with the Myanmar military and now it seems the Future Fund is in bed with Adani.

“Australia’s sovereign wealth fund should follow the lead of similar funds in other countries and of increasing numbers of pension funds, moving towards disinvesting from companies in league with Myanmar’s murderous military.

Rawan Arraf, Director of the Australian Centre for International Justice said: “Despite United Nations condemnation of Adani Ports’ business ties with the Myanmar military, the Australian government is investing in Adani Ports. The Future Fund is at risk of contributing taxpayer money to the financing of Myanmar military activities through its investment in Adani Ports.”

Meanwhile, “In October 2020 it was announced that global shipping giant, Maersk, will end its use of the military-owned ports in Myanmar, leaving Adani Ports, currently constructing a new military-owned port in Yangon, in serious commercial trouble, as shipping companies are under increasing pressure to end business with Myanmar’s military-owned ports. Adani Ports SEZ has been taking on debt from international banks including US, UK, Germany and Japan to finance projects including in Myanmar.”

What’s there in a name: Rebranding ‘Adani Australia’ to ‘Bravus Mining & Resources’

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By SAT Business Desk

MELBOURNE, 6 November 2020: The recent rebranding of ‘Adani Australia’ to ‘Bravus Mining & Resources’ is not a business first. Companies do rebrand themselves for this or that reason. The infamous gas leak in Bhopal, India from the Union Carbide pesticide plant on the night of 2-3 December 1984 killed and injured thousands. It was called the world’s worst industrial disasters. The plant lies in ruins till now and people’s suffering unabated. It remains a controversial issue even in 2020, as the effects of the environmental disaster are still unfolding and human misery continuing.

Naturally, the Union Carbide Corporation-UCC (American Company) which held majority shares in the Union Carbide India Limited (UCIL) faced many legal and financial issues for years and finally in 1999 UCC was sold to Dow Chemical, one of the big American and global chemical company.

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Gautam Adani, Photo-SAT/NN

So, a name that became infamous was changed. Most in the present generation do not know or may never know that UCC became Dow Chemical. But the Bhopal disaster was immortalised by its catastrophic consequences just like the Chernobyl nuclear plant disaster in the former Soviet Union. A name change has not erased the UCC/UCIL or the Chernobyl disaster (26 April 1986) and not forgotten memories despite the plant now being in another country – Ukraine.

Interestingly, few other Adani companies were renamed on October 8, 2020, says the Stop Adani, these are as follows:

- North Queensland Export Terminal Pty Ltd previously Adani Abbot Point Terminal Pty Ltd

- North Queensland Export Terminal Holdings Pty Ltd, previously Adani Abbot Point Terminal Holdings Pty Ltd

- NQXT Port Pty Ltd, previously Mundra Port Pty Ltd

- NQXT Holdings Pty Ltd, previously Mundra Port Holdings Pty Ltd

- NQXT Capital Holdings Pty Ltd previously Adani Australia Coal Terminal Finance Company Pty Ltd, MPPL Capital Pty Ltd

- NQXT Capital Pty Ltd, previously AAPT Capital Pty Ltd

Environmental and activist groups have reacted to ‘Adani Australia’ rebranding saying the legacy of breaking environmental laws, trashing traditional owner rights, destroying critical habitat for endangered species, threatening Queensland water and the Reef, or turbo-charging climate change cannot be hidden by a rebrand.

“The Australian people, banks, insurers and companies see through this weak attempt to clean up its dirty image and will continue to hold Adani to account for their destruction in Australia and India,” says a Stop Adani media release.

The Mackay Conservation Group coordinator Peter McCallum says, “People won’t be fooled by Adani’s attempt to hide behind a new name. Adani wants to arise like a phoenix from the ashes of its damaged corporate image, but that bird won’t fly. They can’t scrub away Adani’s track record of breaking Queensland laws, endangering the Reef, destroying Black-Throated Finch habitat, and intimidating the community. Dirt like that sticks.

“The Adani Group is still pushing to build the largest coal mine in Australia, so regardless of what they’re called, Adani’s Bravus will continue to burn us by turbo-charging dangerous global warming and driving worse bushfires in Australian communities. We won’t give up the fight to hold Adani to account for this.”

Christian Slattery, Australian Conservation Foundation campaigner says, “This latest marketing tactic by Adani shows just how removed from reality this company is. You can’t hide the truth behind a name invented by PR consultants.

“Adani knows its brand is toxic – which is why insurers, financiers, and other contractors continue to abandon it. Whatever the company is called, it will forever be known for fuelling climate change, bulldozing threatened species habitat, draining precious groundwater, and ignoring the rights of First Nations people.

“If this is the best idea Adani can come up with, then it shows the company is out of tricks.”

The new company is still an Adani Group Company, ultimately owned by Adani Enterprises and the Adani family.

In a statement Bravus Mining & Resources, CEO Mr. David Boshoff, says “The Stop Adani movement has tried unsuccessfully to prevent our business from operating in Australia, but the fact is there is ongoing demand for thermal coal in Asia and India,” and “the new Bravus name will become increasingly well-known as the brand rolls out over the next year in the lead up to the Carmichael mine becoming operational, and that the
business was on track to produce first coal in 2021.”

Mermaid says honest Coal barons are mythical creatures too

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By SAT Newsdesk/FLAC

NORTH QUEENSLAND, 21 February: A mermaid chained to a cattle grid, 200 kilometers from the sea, is not what Adani contractor BMD expected to find on its way to work on Friday morning.

Actor and activist, Janie Gibson, staged a theatrical blockade to send a message to Adani, BMD and the Australian government that the Adani Carmichael mine is a carbon bomb that will accelerate catastrophic climate change. Dressed as a mermaid, Gibson chained herself to a cattle grid to stop workers from entering the BMD work camp and continuing work on the railway corridor that is critical to Adani’s Carmichael mine. A placard shared her message “Mythical Creatures: Mermaids & Honest Coal Barons – Don’t Trust Adani”.

Motivated by the urgency of the climate crisis, Gibson has put her body on the line to stop the Adani coal mine and defend the sacred water sources of the Great Artesian Basin. “Burning coal is the leading cause of climate change. We have seen Australia devastated by fires this summer and some of my family and friends were affected. All this has happened whilst our government is investing public money to extract new coal reserves and giving away precious groundwater for free. It is a completely ridiculous situation driven by greed and corporate influence. Until now, writing letters has not worked, lobbying the government has not worked, protesting in the street has not worked. It’s time that all Australians stepped up and put their bodies on the line to defend our right to life”.

Janie grew up in the coal-mining city of Newcastle NSW and her grandfather was a lifetime employee at the BHP steelworks. “While coal mining has been an important part of many Australian towns and communities, it is fast becoming a stranded asset. With companies like ANZ and BlackRock divesting from coal, it is clear that we need to transition to new technologies and clean energy sources. While countries like Germany are closing down their coal-fired power plants, Australia is being left behind in the 20th century. It is communities like these in rural Queensland that will be left high and dry; without groundwater, without jobs, and without a Great Barrier Reef. And with this mine projected to release 4.7 billion tonnes of carbon over its lifetime, it is now a global issue.

‘Stop Adani’ activists protest outside Pacific National and Aurizon’s head offices

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Photo: Stop Adani

By SAT News Desk

Brisbane/Sydney, December 9: Big crowds rallied outside Pacific National and Aurizon’s head offices this morning, delivering huge piles of coal, singing coal-themed Christmas carols and calling on the rail freight companies to rule out hauling coal for Adani’s controversial Carmichael coal mine.

Today big crowds rallied outside Aurizon and Pacific National headquarters in Brisbane and Sydney, delivering giant piles of coal, with singing, chanting and train whistles, demanding that the coal freighting companies say no to hauling Carmichael coal for Adani.

Queensland spokesperson, Dermot Dorgan, #StopAdani The Gap said, that any association with the Carmichael mine is a reputational risk and that hauling coal for Adani would be a climate train wreck.

“With Genesee and Wyoming recently ruling out hauling Adani’s coal, two companies remain Aurizon and Pacific National,” Mr. Dorgan said.

“More than 60 major companies globally have already said no to supporting Adani’s project because of climate impacts and the associated business risks. We’re urging Aurizon and Pacific National to do the same,” Mr. Dorgan said.

Sydney spokesperson, Vicky Tzioumis, #StopAdani North Sydney said, “Companies like Pacific National that choose to associate with Adani’s controversial brand endanger their reputation and social license.

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Photo: Stop Adani

“Adani’s mine, rail, and the port project is a risky financial bet. Adani has shortchanged major engineering companies for tens of millions of dollars and experts say Adani is a “corporate collapse waiting to happen”.

“Australia is already grappling with early bushfires and devastating droughts. Burning coal is the biggest driver of climate change. Aurizon and Pacific National must stand on the right side of history and rule out hauling Adani’s coal,” Ms. Tzioumis said.

Text-Supplied.

Adani’s mine a disaster for the Great Barrier Reef: Peter Garrett

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By SAT News Desk

MELBOURNE,24 October: Former Environment Minister and rock music icon Peter Garrett, in a prestigious National Press Club address in Canberra today, has criticised Australian governments for supporting Adani’s coal mine which he says will accelerate climate change and threaten the World Heritage listed Great Barrier Reef.

Mr Garrett was Federal Environment Minister for the Labor Government from 2007-2010 and Cabinet Minister from 2007-13. A member of the Order of Australia for contributions to the music industry and environment, Mr. Garrett is a lead singer of Midnight Oil, one of Australia’s most successful bands.

Mr. Garrett’s speech condemns the proposed AU$1 billion loan of public money to Mr. Adani’s project, for a mine which he notes is opposed by the indigenous people, will take vast amounts of water from Australian farmers and put the Great Barrier Reef and jobs which rely on the Reef at risk.

On the growing public push in Australia to stop the coal mine going ahead, Mr. Garrett said, “The Stop Adani campaign, the fourth major fight to save the Reef, is a defining moment that must be won if we are to have any hope of preserving a safe climate and the Reef.”

Mr. Garrett pledged that his world famous rock band, Midnight Oil, will support Australians rallying to oppose the project.

The Australian Marine Conservation Society’s Fight for Our Reef Campaign Director Imogen Zethoven said most Australians believe the state of the Great Barrier Reef is a national emergency. They want governments to reduce carbon pollution and invest more public money in clean energy sources like solar and wind.

“Our Great Barrier Reef has already suffered two back-to-back bleaching events driven by climate change. As a result, half of all the Reef’s shallow water corals bleached and died.

“Any threat to the Reef is also a threat to the 64,000 workers who depend on a healthy Reef for their livelihoods, not to mention the $6 billion it generates every year for the Australian economy,” Ms. Zethoven said.