Banks like JPMorgan, Citi and Deutsche could be about to help a coal giant
secure almost a billion dollars in new finance. This has to stop.

Add your name and tell these banks it’s time to break ties with Adaro
Energy Indonesia.

[ [link removed] ] Sign the petition 

   
John,

The Indonesian village of Wonorejo was once a thriving community. But when
energy giant Adaro bought up land surrounding it to build coal settling
ponds, families fled. Now, Wonorejo is a ghost town where coal ash has
blanketed a dilapidated school and an abandoned health post.

This form of reckless destruction by Adaro might continue if banks like
JPMorgan, Citi and Deutsche agree to back its upcoming $750 million bond.

But we can show these big banks that thousands of people across the world
oppose its support for a company that is single-minded in its pursuit of
coal. 

[ [link removed] ]SIGN the petition: Stop JPMorgan, Citi and Deutsche Bank from
underwriting bonds for Adaro Energy Indonesia

Banks like Citi, JP Morgan and Deutsche know that Adaro lacks any credible
plans to reduce emissions. Yet they insist on taking a bet on a coal miner
destroying some of the last remaining North Kalimantan rainforests,
migration routes of critically-endangered Hawksbill sea turtles, and
livelihoods and incomes of people employed in traditional agriculture,
livestock, and fisheries in Indonesia.

But growing public pressure has already compelled banks like BNP Paribas
and DBS to rule out any financing or underwriting services to Adaro. If we
come together, we can make these banks drop Adaro as a client for good.

[ [link removed] ]Add your name and demand JPMorgan, Citi and Deutsche Bank break ties
with Adaro

If banks go ahead, Adaro will continue to flout Indonesia's commitment to
fossil fuel phase-out and exacerbate environmental degradation and human
rights violations. But we know it can be stopped because we’ve done it
before. Like when Ekō members helped pile pressure on Deutsche Bank to end
its involvement in Whitehaven Coal’s bond issue. But we need to all come
together to win again.

Will you join the fight and stop JPMorgan, Citi and Deutsche Bank from
underwriting bonds for Adaro Energy Indonesia?

[ [link removed] ]SIGN the petition: Stop JPMorgan, Citi and Deutsche Bank from
underwriting bonds for Adaro Energy Indonesia



[ [link removed] ] Sign the petition 



Thanks for all that you do,
Apekshita, Nick, and the team at Ekō


More information:

[ [link removed] ]For the Sake of Coal, Life Disappears from Wonorejo Village
Project Multatuli. 21 May 2022.
[ [link removed] ]New Indonesian industrial park on Borneo, feted as 'green,' will be
powered by coal, report says
AP News. 14 September 2023.

 

 

Ekō is a worldwide movement of people like you, working together to hold corporations accountable for their actions and forge a new, sustainable path for our global economy.

Please help keep Ekō strong by chipping in $3. [link removed]