Top India Bank Drags Its Feet on Billionaire Adani Coal Loan Bloomberg 2 days ago Suvashree Ghosh, Alastair Marsh and P R Sanjai
(Bloomberg) India’s largest bank hasn’t decided whether to help finance an Australian coal mine following mounting pressure from climate activists and investors, including BlackRock Inc.
Two senior State Bank of India executives, who asked not to be identified, said the bank was dragging its feet on extending part of a funding line of as much as $1 billion to Adani Enterprises Ltd., which plans to use the money for the controversial Carmichael mine. The bank’s executive committee, which will make the final decision, hasn’t had discussions about the loan this year, the officials said.
Meet the Central Queensland landowner taking on Bravus
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Meet the Central Queensland landowner taking on Bravus
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Meet the Central Queensland landowner taking on Bravus
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Isaac Regional Council slams Adani s Australian arm, Bravus, over handling of Carmichael Mine project
WedWednesday 24
updated
ThuThursday 25
Isaac Regional Council Mayor Anne Baker said council had lost patience with Adani s behaviour.
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The Isaac Regional Council has slammed mining company Bravus, formerly Adani, over its behaviour in relation to the Carmichael Coal Mine project.
Key points:
The Isaac Regional Council says Bravus is failing to meet its obligations in an infrastructure agreement with the council
The council has passed a motion saying they are dissatisfied with Bravus behaviour
They called on Bravus to review its approach, do the right thing