Thread.

A report released by @theACIJ and @JusticeMyanmar has revealed the extent of the relationship between @Adaniports and MEC - a company owned by the #Myanmar military.

#StopAdani

abc.net.au/news/2021-03-3…
Documents show Adani Ports is paying up to $US52 million to the #Myanmar military via the development of a container port in Yangon.

The same military that has killed and is still killing hundreds of innocent people protesting its 1 Feb coup.

#StopAdani
.@Adaniports claimed it never "engaged with military leadership" of #Myanmar - but now photos and video have emerged of Adani Ports execs schmoozing the top Myanmar general in 2019.

#StopAdani
Adani is also mired in controversy due to the development of the #climate-wrecking Carmichael coal project in #Australia and the new coal-burning power station in Godda, #India.

#StopAdani
Investors in and bond arrangers for Adani must cut ties now if they wish to not be complicit in its coal expansion and Myanmar military links.

This includes @jpmorgan @Barclays @blackrock @mufgbk_official and @NorgesBank.

#StopAdani
The #Myanmar military company @AdaniOnline is in business with, MEC, is under US Gov sanctions.

#StopAdani

cnbc.com/2021/03/25/us-…
.@Adaniports' inclusion in the @DowJones Sustainability Index is currently being reviewed by @SPGlobal after evidence of its negative environmental, #climate and #HumanRights impacts was brought to its attention.

@SPDJIndices #StopAdani @MSCI_Inc @CDP

investordaily.com.au/markets/48945-…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Market Forces

Market Forces Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @market_forces

30 Mar
Thread:

Two weeks ago, 37 orgs coordinated by Market Forces successfully convinced @SPGlobal to review the concerning inclusion of @Adaniports in its @DowJones Sustainability Index.

#StopAdani @SPDJIndices @CDP @RepRisk @MSCI_Inc

reuters.com/article/idUSKB…
The case for review is based on Adani's links to the #Myanmar military, expansion of thermal coal mining and enviro damage at its port sites.

The review is ongoing with no decision date revealed by @SPDJIndices. Full case via link:

#StopAdani

marketforces.org.au/djsi-review-ad…
Since then, we have updated @SPGlobal with several developments that weren't in the original case.

First up is @PIMCO - a US$2.2 tr investor, banning further investment in Adani Ports due to the Carmichael thermal coal project.

bloomberg.com/news/articles/…
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!