Commonwealth Bank to sign with Adani?

The Australian Financial Review has named the Commonwealth Bank as an arranger of finance for Adani Reef wreckers. The bank won't confirm or deny it. Flood the Commonwealth Bank email inbox with outraged protest here, and pressure the bank to come clean.

We refer to an article published last week in the Australian Financial Review, “Adani’s week of positives in an anti-coal atmosphere”, which states that the Commonwealth Bank is one of two lead banks arranging finance for Adani’s proposed T0 project at Abbot point, rail line, and Carmichael mine. To date, CommBank has not confirmed or denied this. 

This project will have grave consequences for the Great Barrier Reef and the global climate, and presents a number of financial, environmental, reputational, and legal risks. Since August, thousands of Commonwealth Bank customers and shareholders have called on the bank to publicly rule out involvement in the Abbot Point expansion and associated mines and rail infrastructure. 

If the Bank does not publicly rule out involvement in this project as a matter of priority, you can expect growing opposition over the coming weeks and months. 

I urge the Commonwealth Bank to show leadership and publicly rule out any involvement with Adani over this project. email it here