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 new 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 in
the Stop Adani alliance to halt 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 than
it was before.
We’re in a race against time, Vladimir. 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 no other bank in the world will
touch.
Join
the urgent global push: tell the State Bank of India not to bailout
Adani’s coal mine.
