They wouldn’t, would they?
11:34 AM (0 minutes ago)
Right now, Britain’s Standard Chartered Bank is helping Indian mining giant Adani to unlock one of the world’s largest coal mines and ship that coal right across the Great Barrier Reef.
Standard Chartered has already loaned hundreds of millions of dollars to Adani. Now, the Bank is helping them raise billions more to get the Galilee Basin carbon bomb launched. If Standard Chartered pulled out, it could sink this project once and for all.
As we raise the heat on Australia’s banks to say no to the Galilee, the last thing we need is a big bank like Standard Chartered swooping in to prop up Adani and help cook the climate.
It beggars belief that any Bank would be so dumb. Already, 11 global investment banks, from Wall Street to High Street, won’t touch the Galilee with a barge pole. And luckily, there are signs that Standard Chartered may have whiffed the bad smell too.
Responding to questions about the project at their AGM last month, Standard Chartered agreed to put their involvement on hold whilst they review the project’s environmental credentials. If we raise our voices now, we can show the Bank that the only credentials this project has are disastrous ones.
The more big banks say no to Adani, the sooner the Galilee will go down in history as a terrible idea that never saw the light of day. Help us make Standard Chartered the next big bank to join the chorus of financial institutions ringing the death knell of the Galilee and opting for a future beyond coal.
Yours for a safe climate,
Charlie for the 350.org team
PS: Already 13 major organisations representing 50 million members have written to Standard Chartered urging them to say no to Adani. Join them – click here to tweet Standard Chartered or email their CEO here.
 Standard Chartered faces pressure to cut links to Australian ‘carbon bomb’ project, The Guardian, 5 May 2015.
 Standard Chartered vows to review role in Australian coal mine project, The Guardian, 6 May 2015.
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