- Messages
- 77,946
Don't believe everything you read on this.
No bank will touch Adani because they will take a big CSR hit. The campaign groups forced their hands. That is why the banks wont go near them.
The actual position of both governments is that Adani need to fund it themselves. The $1B loan wont happen. All of the media around Adani's NAIF application has been horribly misleading.
Do I think Adani will go ahead? Its line-ball but if it did go ahead I think it can be developed in a sustainable manner. Because if it doesn't there will be even dodgier thermal coal being burnt somewhere else and the net result is more impacts to the planet.
We have some of the most advanced legislation and processes for environmental governance in the world yet we have become conveniently distracted by a bogus coal vs reef argument. Its stupid and exactly what those campaigning against Adani want us to believe. Development can occur whilst still preserving and maintaining environmental values. It is not one or the other.
The rest of the world is watching and those with deep pockets will think twice about investing in a Country that cant sort its shit out.
Good insight, thanks.