Friday 21 November 2014

State Bank of India agrees to fund Adani Reef wreckers


A call to protect the Great Barrier Reef yet again. This time the threat is coming from India itself, being the State Bank of India, which has signed a memorandum of understanding to fund Adani with $1billion to fuck over our Reef. For a fuckin coal mine.

This is bloody outrageous, almost an issue of national sovereignty in my books. A foreign bank wants to fund a foreign company to ruin one of our natural wonders. FFS India, take your fuckin money and your fuckin company and stick it right up your fuckin ass. Piss off! Leave our precious Reef alone.

Why don't you do something constructive with your money, like rolling out solar power across the poorest areas of your country? $1billion would buy a lot of solar panels.

Sign the petition:
But this deal is far from sealed. SBI’s agreement with Adani is not legally binding and already the Indian Stock Exchange is questioning the financial viability of the deal. Help us urge SBI to get out now and join the growing movement of financiers saying no to new coal. 

Already eight major international banks have ruled out involvement in these projects. That’s why Adani is so desparate to secure the funds it needs to go ahead. Adani knows the writing is on the wall and is trying everything it can to keep the Galilee project alive in the face of declining coal prices and mass public opposition to new coal. 

Add your voice today - tell the State Bank of India to say no to financing mega Australian coal mines that will cook the climate, trash the Great Barrier Reef and perpetuate Indian energy poverty. sign  

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