Breaking: Adani coal mine

Urgent: we may only have days to save the Great Barrier Reef from a catastrophic coal mine.

People power has stopped the hated Adani coal mine for six years. But now a loan from the State Bank of India could undo it all.

Tell SBI to rule out financing Adani’s reef-wrecking mine now!

Sign the petition

A,

BREAKING: reports have surfaced that the State Bank of India (SBI) is on the verge of handing over $1 billion to the Adani Group to help it build one of the largest coal mines in the world. If it does, it could sign the death warrant of the nearby Great Barrier Reef.

For years, SumOfUs members have stood with the Wangan and Jagalingou Traditional Owners and hundreds of thousands of others to stop this reef-wrecking mine.

And it’s worked: people power has cut off the mine from every source of finance in the world and so far Adani hasn’t dug up a single piece of coal.

But with the stroke of a pen the State Bank of India could undo it all and give Adani what it needs to finally start tearing open one of the largest untapped coal basins in the world.

We have a short window to prevent this loan, but we can do it. Just like we did when Adani turned to SBI for help six years ago.

Add your name to the urgent petition: SBI don’t bailout Adani’s coal mine.

It’s only been hours since we learned of this news but already people are mobilising from London to Mumbai, Sydney to New York to urge the State Bank of India to back away from this deal.

Back in 2014, political pressure and public outcry stopped SBI from loaning Adani the funds it needed to build its mega coal mine.

Since then, the climate emergency has only become greater with more people concerned about the impacts of climate change, the rights of Indigenous peoples, and the collapse of wildlife populations. It’s clear that what made the project risky then is only worse now. We need to show SBI that the protest against its investment is going to be even greater now that it was before.

We’re in a race against time, A. A race to protect our planet from runaway climate change. A race to stop mining companies tearing up Indigenous lands.

And at this moment, a race to stop a state-owned bank from bailing out a coal mine that will cause untold harm.

Join the urgent global push: tell the State Bank of India not to bailout Adani’s coal mine.

Sign the petition

Thanks for all that you do,
Nick, Sondhya, Anne and the team at SumOfUs

 

More information:

SBI set to offer loan to Adani coal project in Australia: Report Business Standard, 10 November 2020
Documents suggest Adani retained long-term plan to build Australia's biggest mine Guardian Australia, 11 November 2020
The quiet death of the SBI-Adani loan agreement LiveMint, 20 April 2015

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