Up-date on #StopAdani campaign - 3 June, 2021
We know for a fact that the pressure on companies and contractors associated with Adani is working. There are now 100 companies that have ruled out Adani, over 30 of them in the last year! Despite Adani first predicting it would be exporting coal in 2014, and both State and Federal Governments actively supportive of the project, not one lump of coal has been exported.
The Wangan and Jagalingou traditional owners are determined that their Country should somehow be defended, especially their beloved Doongmabulla Springs. As spiritual people, we want to stand in solidarity with the W & J. We also want to stand with farmers in India. In their millions, they are resisting Adani taking over lands and using their corporate influence to get changes to Indian laws that would favour their agribusiness.
However, construction has started on the Carmichael Project. Nonetheless, Adani is currently somewhat vulnerable. Having started construction, any delays are now very costly. Other projects were stopped after construction had started, including the Jabiluka uranium mine, James Price Point hub and the Franklin Dam.
No company in the world now directly finances Adani, but five major investment entities either finance or may finance other parts of the Adani Group’s operations: BlackRock, MUFG, the State Bank of India, H.P. Morgan and HSBC. The Adani Group, in turn, shuffles money around to ensure Adani’s Carmichael Project gets its financial lifeline.
Campaigners are targeting all five companies providing finance indirectly. We want them to (a) pressure the Adani Group to ensure that work stops on the Carmichael Project and (b) if Adani refuses, to withdraw their financial investment in any part of Adani’s operations.
From time to time, a ‘week of action’ is planned, in which the following tactics are applied:
- Actions outside the offices of firms
- Creating a ‘digital storm’ via phone calls, e-mail, calendar jamming’, LinkedIn
- ‘Brand blitz’ whereby stickers, banners, etc, are used to ‘name and shame’ the company.
When unable to get to in-person actions, ARRCC encourages supporters to participate and we plan to hold our own 'Hour of Power' online sessions to help create 'digital storms' and potentially our own actions outside the Australian offices of BlackRock, MUFG, H.P. Morgan and HSBC.
Contact our staff person dedicated to this work: Fahimah [email protected]
Why does ARRCC support #StopAdani?
The stakes are high. If Adani were to succeed with their Carmichael Coal and Rail Project, at least seven other companies are ready to also set up coal mines in the Galilee Basin and create what Bill McKibben has described as a ‘carbon bomb’.
ARRCC joined the Stop Adani movement to stand in solidarity with the Wangan and Jagalingou Family Council of Queensland’s Galilee Basin to defend their Country, and to help prevent the opening up of a climate-destructive greenfield coal project.
People of faith can put the moral case for ruling out working on this mine project more clearly than most. We can make a real difference.
We believe it is important that people of faith be seen to side with those who are protecting the future for coming generations and resisting climate-wrecking projects for those suffering most on the frontlines of climate impacts.
Increasingly, those on the frontlines are coming to include our own farmers, Torres Strait Islanders, people working in tourism, who have lost their homes and livelihoods to bushfires and Aboriginal communities in Central Australia who can no longer live on country because of the heat.
After helping challenge the ARRCC has joined in targeting financing companies like Hanwha, Samsung, the Industrial Bank of Korea and Korea Investment and Securities. Pressure on Lloyd’s of London led to its first ever sustainability policy in which it announced that Lloyd’s insurance marketplace will scale back its exposure to coal and tar sands. ARRCC supporters also challenged Siemens (Engineering firm), Fairfax Financial (Insurance), Marsh (Insurance) and the State Bank of India.