One bank to wreck a world wonder?!
To State Bank of India Chairperson, Arundhati Bhattacharya, and the SBI Board:
As citizens across the world concerned about climate change and the Great Barrier Reef, we call on you to turn down Adani's request for you to finance its controversial Carmichael mine and related infrastructure. A large number of private banks have walked away from this destructive and costly project. In line with your commitment to crack down on bad loans, we urge you to reject this proposal and instead invest in clean power.
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UNESCO says the project puts the Reef in danger and eight leading international banks have backed away. Now it's up to the State Bank of India to make or break it. The Bank's Chairwoman has staked her reputation on cracking down on "bad loans"-- and a massive global campaign can persuade her to scrutinise and stop this crazy coal project.
Public pressure has already changed other banks' minds, so add your name now to say no to the world's worst loan. When we hit a million, we'll prep a definitive dossier showing its financial and environmental problems, then deliver it to Chairwoman Bhattacharya with legal letters and a media blitz.