Adani Green Energy Ltd, Adani Transmission & Adani Ports & SEZ were removed from Science Based Targets Initiative after 2 climate advocacy groups sent joint letter to UN Race to Zero.
SBI drafted in-principle agreement with Adani in 2014 for $1bn facility & brought in several banks for funding as part of consortium. The plan has had several iterations since then.
The $16 billion Carmichael coal mine project in Queensland has been surrounded by controversies since its inception due to regulatory and environmental issues.
Outgoing Australian High Commissioner to India Harinder Sidhu says work on Adani’s Carmichael coal mine project has started, also asks India to reconsider RCEP.
Adani will lose around $220 million a year if the Carmichael coal project goes through. Which raises the question, why is everyone adamant that it goes ahead?
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
COMMENTS