Stop Adani Profile picture
May 8 6 tweets 5 min read Twitter logo Read on Twitter
1/6 Incredible timing. #Adani sells Yangon port just hours after being exposed for continuing their business partnership with the #Myanmar military & seeking new coal business deals with them. Amazing achievement by @JusticeMyanmar & others. But serious questions must be asked.🧵 Image
2/6 How did #Adani suddenly find a buyer for its Yangon port just hours after the release of highly damaging leaked documents, when they’ve spent the last 2 years dragging their feet and privately cosying up to sanctioned military generals? #Myanmar ft.com/content/9e62df…
3/6 #Adani have sold their #Myanmar port to a mysterious company named Solar Energy Ltd for $30M. Who is this company and where are they based? Who is the ultimate beneficial owner of Solar Energy Ltd? What, if any, human rights due diligence has Adani conducted on this company?
4/6 #Adani have only been forced to exit #Myanmar because they were caught red-handed & freaked out about investor backlash. Not because they’ve suddenly developed a conscience. Adani’s belated divestment doesn’t change the fact they misled investors and the people of Myanmar. Image
5/6 #Adani told the world they were exiting #Myanmar back in 2021, but behind the scenes were seeking new business deals with sanctioned military generals and referring to them as ‘your excellency’. Adani are proven liars and investors would be fools to trust a word they say. Image
6/6 Before being forced to exit Adani provided millions of $$ to the #Myanmar military that has enabled the junta’s campaign of terror. If #Adani have even a shred of decency they will put the proceeds from the sale of their port into a fund for victims of the junta’s atrocities.

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More from @stopadani

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
May 3
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...
Read 4 tweets
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
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
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
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

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