Protesters want HSBC to use its influence over the State Bank of India to walk away from funding Adani, reports Jim McIlroy.
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Indian mining giant Adani has announced that it is ready to self-fund a scaled-down coalmine and rail project in Queensland’s Galilee Basin. The company said that construction on the mine would begin next year.
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It is approaching crunch time for the Adani mega-coalmine in Queensland’s Galilee Basin, with the movement against it growing by the day, including in areas that traditionally support mining.
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The Queensland government gave Indian mining company Adani environmental approval to build Australia's largest coalmine in the Galilee Basin on February 3. Tony Fontes of the Environment Council of Central Queensland said: “This project has no money, no social license, is universally hated, and has been rejected by most of the world's largest banks. "With coal prices at an all-time low, support for protecting the Great Barrier Reef at an all-time high, the Palaszczuk government is treading a dangerous line in supporting this reef-wrecking coal project.” -
On November 27 the showing that the Queensland Coordinator General plans to extinguish native title over parts of the proposed Carmichael mining site in the Galilee basin and give the freehold to Adani. The document said: "The Moray Downs Land acquisition includes the takeover of native title rights and interests of the Wangan and Jagalingou people to allow for the leasehold land to be converted to freehold.
