Skip to main content

Coal imports to rise? #StopAdani protests against insuring Australian coal project

By Our Representative
Even as Adani Australia, subsidiary of India’s powerful industrial group, Adanis, welcomed the Minerals Council of Australia’s economic report from the Commodity Insights, which projects that thermal coal imports to the Asia Pacific region rising by 275 million tonnes through to 2030, climate protesters stepped up #StopAdani campaign, including online, in different parts of the world against insurance companies insuring the Adani coal project in Australia.
Protesters took out a rally against the insurance giant Lloyd’s of London HQ, and campaigners delivered giant postcards bearing messages from Australians and Pacific Islanders calling on Lloyd’s of London to stop insuring the Adani coal project in the Queensland state of Australia, reports Melbourne-based media portal South Asia Times (SAT).
According to SAT, the action in London has kicked off a global wave of protests to pressure Lloyd’s of London to follow the lead of 26 major insurance companies, including several Lloyd’s syndicates, and stop insuring Adani’s Carmichael coal project.
Claudia Lang of the #StopAdani campaign said: “Lloyd’s of London is profiting from climate destruction by providing morally bankrupt companies like Adani with insurance. Adani’s climate-wrecking coal project is a reputational disaster for companies who associate with it, that’s why 24 major insurers have taken a stand and publicly ruled out insurance for Adani: Lloyd’s must follow their lead and stop insuring Adani.”
Meanwhile, in a media release, CEO of Adani Mining David Boshoff said the Commodity Insights report reflected Adani’s own projections, especially for India, which is expected to see thermal coal imports grow by 74 million tonnes through to 2030.
“India is one of the largest populations in the world and it is growing rapidly. Right now more than 200 million people in India do not have adequate access to electricity and thermal coal imports will continue to rise in order to meet the demand for this growing population with economic ambition,” Boshoff said.
“Despite an expected increase in renewable energy use in India and Asia, there will still be demand for thermal coal to provide baseload power”, he insisted, adding, “As the world’s number one international solar company and the largest private supplier of thermal electricity in India, the Adani Group has a unique view of the market and we see there will be a demand for both in the energy mix.”

Comments

TRENDING

A Hindu alternative to Valentine's Day? 'Shiv-Parvati was first love marriage in Universe'

By Rajiv Shah*   The other day, I was searching on Google a quote on Maha Shivratri which I wanted to send to someone, a confirmed Shiv Bhakt, quite close to me -- with an underlying message to act positively instead of being negative. On top of the search, I chanced upon an article in, imagine!, a Nashik Corporation site which offered me something very unusual. 

WHO move can 'enable' India to detain citizens, restrict freedom, control media

Counterview Desk  In an an open letter to Prime Minister Narendra Modi, with copies to concerned Cabinet ministers, bureaucrats and MPs,  health rights network  People’s Alliance for Public Health (PAPH alias JanSwasthya Morcha), has urged that India should not be a signatory to the World Health Organization ( WHO) Pandemic Agreement and Amendments to the  International Health Regulations (IHR) 2005  to be adopted at the 77th World Health Assembly in Geneva from 27th May to 1st June, 2024.

'Enough evidence': Covid vaccines impacted women's reproductive health

By Deepika*  In 2024, the news outlets have suddenly started reporting about covid vaccine side effects in a very extensive manner. Sadly, the damage is already done.

Can scientists believe in God, yet explore nature 'abandoning' belief?

By Dr TV Sajeev*  In August 2023, India celebrated the successful soft-landing of Chandrayan on the south pole of the moon. That mission too led to some questioning about whether scientists could believe in God. The culture of temple visits and poojas before the launch of rockets with or without payload had been a mocking point for a long while. 

Growing stream of pollution infecting homes, bodies in US, Vietnam

By Erica Cirino*  Louisiana’s “River Parishes,” located along the Mississippi River between New Orleans and Baton Rouge, shoulder some of the worst industry impacts in the United States. As a result, this region has acquired a grim reputation as “ Cancer Alley .” 

'Uncertainty in Iran': Raisi brokered crucial Chabahar Port deal with India

By Pranjal Pandey*  Ebrahim Raisi, the Iranian President, and the country’s foreign minister were tragically found deceased on May 20, 2024, shortly after their helicopter crashed in foggy conditions. In response, Supreme Leader Ayatollah Ali Khamenei swiftly appointed a relatively unknown vice president as the interim leader.

Informal, outdoor workers 'excluded': Govt of India's excessive heat policies

Counterview Desk  Top civil rights network, National Alliance of People's Movements (NAPM), has demanded urgent government action to protect millions of outdoor workers from extreme heat and heatwaves, insisting declaration of heatwaves as climatic disaster.