Another excellent action from Market Forces, asking us to tell investors and bankers to cut ties with Adani Group companies to avoid facing serious reputational risk, unless the Adani Group discontinues its massive fossil fuel expansion plans.
The International Energy Agency (IEA) has found that achieving net zero emissions by 2050 means no new or expanded coal mines.
However, despite the need to urgently reduce carbon emissions and accelerate the transition to clean energy to limit global warming, the Adani Group conglomerate is still pursuing and supporting massive new fossil fuel projects that endanger key climate goals. Tell Adani’s investors they are supporting new fossil fuel projects if they fund the Adani Group here.