From Nick Haines, SumOfUs <[email protected]>
Subject A decision to kill the Great Barrier Reef
Date November 20, 2020 1:03 PM
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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!

[ [link removed] ] Sign the petition 

   
John,

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.

[ [link removed] ]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, John. 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.

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



[ [link removed] ] Sign the petition 



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


More information:

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

 

 

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