Business & Finance

Adani Undeterred By Greta’s Comment, Says Won’t Stop Australia Coal Project

Adani conglomerate stays undeterred on its coal project in Australia despite huge numbers of protests that have erupted in Australia against it.

The Adani conglomerate has said that it won’t let the protests against its coal mine project come in the way of completing the project.

The group owned by Indian Billionaire Gautam Adani responded to the uptick in scrutiny over Carmichael development. Climate activist Greta Thunberg recently tweeted about the project with #StopAdani. The project has been facing criticism since it was introduced in 2010.

Although many environmentalists have earlier demanded the scrapping of the project, the recent bushfires in Australia have again fuelled the protests against the project. Germany’s Siemens AG came under attack for its contract to provide rail signaling systems. Siemens AG made it clear on Sunday that it will honor the commitment despite the demonstrations in Germany asking to back out from the project.

Adani’s Carmichael thermal coal project will increase the global supply of the most carbon-intensive fossil fuel. Extreme climate change conditions and dire weather problems have sparked calls for action.

Also Read: Business Headlines: After 9 years, Adani gets what he wants

“With the construction of the Carmichael project well and truly underway, we have repeatedly demonstrated that we will not be intimidated or deterred from delivering on our promises.”, the Adani Group said in their statement released today.

Climate activist Greta Thunberg appealed to her followers on Tweeter to push Siemens AG to withdraw from the project.

“While I do have a lot of empathy for environmental matters, I do need to balance the different interests of different stakeholders,” Siemens Chief Executive Officer Joe Kaeser said in a statement affirming that they will continue to be a part of the project.

“If the protesters achieve their goals of ending coal mining by bullying companies into submission, the result would be millions of more people without a home, without access to electricity and without as much hope as they otherwise could have,” Australia’s Resources Minister said in a letter to Kaeser in December.

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