*[Enwl-eng] Adani’s expansion plans

enwl enwl at enw.net.ru
Tue Jul 5 01:55:38 MSK 2022


            Over the weekend Adani Enterprises announced the date of its 
annual shareholder meeting and it’s only a couple of weeks away.

            Last week I wrote to you to tell you about some new research 
that reveals despite their public claims of going green, Adani is building 
and expanding 17 coal mines in the Asia-Pacific region. It’s going to be a 
disaster for the planet and the further extraction of coal would be sure to 
tip us into irreversible climate chaos.

            The banks and investors financing these coal mines will be 
watching closely on the day of the AGM, July 26th. They expect the 
conversation will focus on profits and projections. Let’s make sure Adani 
doesn't get away with greenwashing this event and shine a spotlight on the 
violence, death and destruction that its fossil fuel expansion is locking 
in.

            Will you sign the petition calling on banks and investors to 
pull out of Adani now?

            The Adani Group is responsible for horrific human rights 
atrocities and the plans to expand across the Asia-Pacific region has to be 
stopped in its tracks.

            over 38,000 people have signed the petition calling on banks and 
investors to pull out of Adani, will you join them? The company is expecting 
a day of good PR to secure the finance they need to build these new and 
expanded coal mines. Let’s put a stop to the plans to lock the world into a 
certain climate catastrophe.



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                        Adani's on a coal mine expansion rampage, with 17 
new and expanded coal mines in the Asia-Pacific region. It will spell 
certain climate catastrophe.

                        Over the weekend, Adani announced the date for its 
big annual meeting. Can you help make sure Adani doesn't get away with 
corporate greenwashing?

                        Tell banks, investors, asset managers and pension 
fund managers to stop financing and supporting Adani.



                         Sign the petition


            In case you missed it, here's the email we sent last week:

             you've played a crucial role in stalling Adani's notorious 
Carmichael coal mine. But shocking new analysis shows that Adani has plans 
for 16 other coal mines across the Asia-Pacific region.

            To finance these mines Adani needs to persuade investors that 
it's committed to a green transition. It will try to do so at its annual 
shareholder meeting. The Adani Group is going into a greenwash overdrive.

            The AGM is a rare chance for you, Vladimir and I to expose 
Adani's blatant lies and shine a spotlight on all the banks and investors 
helping Adani to build the new coal mines.

            Will you sign the petition demanding investors like Blackrock 
CEO- Larry Fink, Vanguard CEO- Mortimer J. Buckley, Pimco CEO- Emmanuel 
Roman step away from any involvement with the Adani Group?

            CEO Gautam Adani is already the fifth richest person in the 
world. And yet is seeking finance from US and European banks and investors 
to grow his vast wealth, by building more planet-wrecking coal mines.

            Just last week the streets of Sri Lanka’s capital Colombo were 
alive with protestors against Adani’s illegal and corrupt dealmaking.

            "Naturally we want a sustainable solution to the current energy 
crisis in Sri Lanka. However, in the current situation, it is vital that we 
do not let any corruption go unchecked. Adani is a company known for dubious 
practices. Sri Lanka deserves better." – Serena Burgess, protesting mother

            Adani has huge plans to expand coal mines across Asia-Pacific. 
But it’s not just carbon emissions that should be cause for concern for 
investors: it has a horrific track record of violence, exploitation, 
corruption, land-grabbing - the list goes on.

            There are incredible stories of courage and resistance standing 
up against this company that has torn up ancestral lands of the Wangan and 
Jagalingou Traditional Owners in Australia, to the Indigenous Adivasi 
communities in India.

            But it’s happening in places far from where the deals are being 
made by CEOs and business people from Wall Street, to the City of London. 
The likes of Blackrock CEO- Larry Fink, Vanguard CEO- Mortimer J. Buckley, 
Pimco CEO- Emmanuel Roman would rather we stay quiet about it.

            We cannot let Adani’s record of human rights abuses against 
Indigenous communities, or the inevitable death and destruction the mines 
will cause go unnoticed. That is where you come in Vladimir.

            People-power recently forced Deutsche Bank to pull out of 
financing the Whitehaven coal mine, due to public pressure from our friends 
at Market Forces and SumOfUs members. Let's do it again.

            Adani has had its share of bad news days. It needs a good day of 
public relations for the AGM. So it’s up to us to shine a light on the 
horrifying reality of what the company is responsible for. So, will you sign 
the petition demanding all investors pull out of Adani deals?


             Sign the petition
            Thanks,
            Nish and the team at SumOfUs



            More information:

            Adani Enterprises: Annual Return

            Adani coal mine tracker: June 2022

            Forbes: India’s Gautam Adani Passes Warren Buffett To Become 
World’s 5th Richest Person: April 23, 2022

            NDTV: "Stop Adani": Sri Lanka Protesters Say PM Modi, President 
Rajapaksa Struck Deal: June 16, 2022

            Stop Adani: Trashes Indigenous Rights

            Environment News Service: Coal Mine Expansion Authorized in 
India’s Tribal Forest: April 21, 2022

            Market Forces: Win! Deutsche Bank abandons Whitehaven Coal’s 
bond issue: May 20: 2022









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            From: Nish Humphreys, SumOfUs
            Sent: Monday, July 04, 2022 3:15 PM
            Subject: Adani’s expansion plans


            Over the weekend Adani Enterprises announced the date of its 
annual shareholder meeting and it’s only a couple of weeks away.







 
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