The State Bank of India had reneged on a $1 billion financing agreement for Adani’s Galilee Basin coalmine.
The loan was agreed to five months ago to help finance mining giant Adani’s plan to develop the Carmichael mega coalmine in Queensland’s Galilee Basin. This is the 12th global investment bank to publicly walk away from the proposal in recent months.
threat to dolphins
Victorian rally against factory trawlers
A rally was held in Geelong on March 22 calling for a permanent ban on large freezer factory trawlers berthing in the town. Coordinator of the Stop the Trawler Alliance Rebecca Hubbard said: “The new factory trawler proposing to fish will be the largest freezer factory trawler to ever operate in Australia’s Small Pelagic Fishery, and poses significant threats to protected dolphins, seals and seabirds.”
Richest companies avoid tax scrutiny