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Stop Adani Profile picture
@stopadani
May 3 • 4 tweets • 5 min read Twitter logo Read on Twitter
BREAKING: Leaked documents expose #Adani continuing its business partnership and even seeking new coal business deals with the murderous Myanmar military, which is ramping up its campaign of terror against the people of #Myanmar. #StopAdani

abc.net.au/news/2023-05-0… Image
#Adani sought new coal business deals with the #Myanmar military at the same time it was telling the world it was exiting the country. Adani's investors could be funding war crimes and genocide. @JusticeMyanmar @theACIJ are calling for investors & ratings agencies to #StopAdani "But leaked documents ...
The #Myanmar military recently bombed a large gathering of innocent civilians, killing at least 165 people, including many children. #Adani is enabling these atrocities by doing business with the Myanmar military. Adani’s investors are complicit & must divest immediately. In a letter to a US-sanctio...
The people of #Myanmar won’t be safe until the Myanmar military is starved of funds. Tell #Adani’s investors to stop funding the Myanmar military’s atrocities, and immediately divest from Adani! #StopAdani stopadani.com/adani-investors Image

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More from @stopadani

Stop Adani Profile picture
May 3
Huge breaking story on @abcnews from @jrojourno. #Adani sought new coal business ventures with sanctioned #Myanmar military entities on the very same day that it was telling the world it was exiting the country. Key points below🧵 abc.net.au/news/2023-05-0…
"leaked documents obtained by a Myanmar human rights group & shared with ABC Investigations reveal #Adani, on the same day it flagged its exit from the port, lodged an "expression of interest" to export coal from #Myanmar... that would help fund the brutal regime.
"In a letter to a US-sanctioned junta minister, an #Adani exec said the group was also negotiating a related electricity supply deal with the regime." Image
Read 11 tweets
Stop Adani Profile picture
Mar 12
ANOTHER 🧵OF THINGS UNRAVELING FOR ADANI'S COAL EMPIRE 🔥

If #Adani wants to prove it can do business differently it should start by halting:
🚮Carmichael coal mine
🚮 11 new coal mines destroying communities & forest across 🇮🇳
🚮12GWs of new coal power
livemint.com/companies/news…
"#Adani is seeking to sell a part of its stake in Ambuja Cement to reduce its debt & restore the flagging confidence of investors... This would be the group’s first asset sale after it was hammered by allegations by #Hindenburg..."
thewire.in/business/adani…
#Adani has pledged more shares from Adani Green as collateral for loans to Adani Enterprises - which is developing more new coal than any other company on Earth besides Coal India. @MSCI_Inc @MoodysInvSvc @SPGlobalRatings @Barclays @TIAA @BlackRock
msn.com/en-in/sports/n…
Read 8 tweets
Stop Adani Profile picture
Mar 7
Slight reprieve for #Adani this week due to a baffling $1.9B from @GQGPartners-who apparently❤️fossil fuels > due diligence. Aside from that it’s been a total binfire for the rapidly unraveling coal giant. Here’s another round up of bad news for Adani’s destructive coal empire🧵
“#Adani Group’s complex debt structure and weak transparency, evidenced by the use of Adani Green Energy shares to support its coal unit, could further increase ESG concerns and hinder funding access.” @MSCI_Inc @MoodysInvSvc @FitchRatings @SPGlobal
moneycontrol.com/news/business/…
"Over time, the group (#Adani) has emerged as India’s biggest coal MDO — currently, it has nine MDO contracts for blocks holding more than 2,800 million tonnes of coal." @MSCI_Inc @MoodysInvSvc @FitchRatings @SPGlobal @Barclays @BlackRock @TIAA aljazeera.com/economy/2023/3…
Read 15 tweets
Stop Adani Profile picture
Mar 1
A timely reminder for investors while #Adani is on its "charm-offensive". Only a fool would take Adani at its word. Here's a quick and by no means comprehensive thread of some notable lies from Adani. 🧵 @MSCI_Inc @MoodysInvSvc @FitchRatings @SPGlobal @TIAA @BlackRock @PIMCO
#Adani 🤥 no. 4080
Adani can’t keep its story straight about the size of its Carmichael #coal mine. The group has made many contradictory and misleading statements about the size of Carmichael, often changing its story depending on which audience it’s addressing. #StopAdani Image
#Adani🤥no. 4081
2021: Adani told @Vanguard_Group “they had capped the size of the (Carmichael) mine & intended to set an end date for operations to fit within the parameters of a 1.5°C warming scenario."
2022: Adani said they were expanding to 25-30MTPA.
marketforces.org.au/vanguards-farc…
Read 13 tweets
Stop Adani Profile picture
Feb 27
It's been 1 month since #Hindenburg accused coal giant #Adani of the "largest con in corporate history". How are things looking for Adani? Ahem...

Here’s a round up of bad news rocking Adani’s land-grabbing, climate-wrecking, ecosystem-destroying coal empire this week. 🧵
"The rout in #Adani Group shares has room to run based on charts that show key stocks in #GautamAdani’s empire may still extend declines to the 85% downside flagged by #HindenburgResearch."
@MSCI_Inc @MoodysInvSvc @BlackRock @Vanguard_Group @Barclays

bloomberg.com/news/articles/…
“Apart from the future of the billionaire & his business empire, something bigger is on the line: 🇮🇳’s probity in corporate governance & pursuit of a development model in which the state has entrusted a few ultra-rich men with running 🇮🇳’s infrastructure"
telegraphindia.com/india/indias-p…
Read 16 tweets
Stop Adani Profile picture
Feb 20
If #Adani are looking for some toxic assets to abandon there's this dirty Australian coal mine that investors universally revile...

Here's another thread of things going very badly for Adani's destructive, climate-wrecking coal empire Feb 20 edition. 🧵 #StopAdani
"@Forbes has identified previously unreported transactions involving offshore funds with ties to Vinod Adani that appear designed to benefit the #Adani Group. The deals also lend further credence to #Hindenburg’s allegations..."

forbes.com/sites/johnhyat…
“Thanks to the ‘convoluted structures’ and ‘multiplicity of subsidiaries’ cited in the #HindenburgReport, #Adani has long been able to finance its dirtier operations with the proceeds of sustainable fund flows.”

bloomberg.com/news/articles/…
Read 13 tweets

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