By Rajiv Shah European banks that helped shut down Adani ’s Galilee Basin coal frontier in Australia a decade ago are now bankrolling a far larger coal expansion just 150 kilometres away, according to a new report from Reclaim Finance and partner NGOs. The study , "Coal Hypocrisy: European Banks’ Double Standard on Thermal and Metallurgical Coal in Australia", finds that 19 European banks provided US$30.3 billion to companies planning metallurgical coal expansion in Queensland’s Bowen Basin between 2021 and 2025, out of a total of US$105.9 billion from international banks.
Bangkok IMF-World Bank meetings: New reports put India's debt, climate, accountability crisis in focus
Counterview News As the World Bank and International Monetary Fund (IMF) concluded their Annual Meetings in Bangkok this week, civil society groups and policy experts outside the official proceedings released two critical documents challenging the institutions' legacy and prescriptions for Asia, calling for a fundamental overhaul of the global financial architecture.