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Byron Shire
August 3, 2021

Anti-Adani activists highlight role of MUFG’s investment in mine

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Stop Adani protests support for the mine by Japanese investment company MUFG.

Stop Adani activists were disrupting rail construction yesterday as they continue to highlight the dangers of the Adani (Barvus) Carmichael coal mine going ahead in a climate constrained world.

Siobhan Neyland, Claudia Lang and Owen O’Reilly blocked traffic moving up and down the Carmichael Rail Corridor

‘Just days after Adani announced it had struck coal for the first time in the Galilee Basin; Owen O’Reilly, Siobhan Neyland and Claudia Lang blocked traffic moving up and down the Carmichael Rail Corridor in protest of the project, which they say would be a climate disaster,’ said a spokesperson for Frontline Action on Coal.

While their primary aim was to disrupt Adani’s construction of its railway line, the activists were also highlighting the role of Japanese bank MUFG in financing the Adani Group. They are calling on MUFG to rule out any future investments in the Adani group while the company continues operations on its Carmichael mine.

‘Adani’s mine will greatly accelerate climate change, increasing the risk to our communities of worsening natural disasters like bushfires. MUFG’s investment in the Adani group allows Adani to continue construction of the climate-wrecking Carmichael mine,’ said pharmacist, Mr O’Reilly.

‘This project is completely at odds with MUFG’s Carbon Neutrality Declaration in which they claim to be supporting ‘the smooth transition to a decarbonized society.’

MUFG has been the subject of protests across Australia and Japan in the last fortnight. Climate action groups have been calling on the company to stop funding the climate crisis through their investments in the Adani Group and other companies engaged in fossil fuel extraction.

Stop Adani protest 7 July, 2021.

Farmer Claudia Lang highlighted that ‘It’s currently NAIDOC week and the theme is “Heal Country”. This means caring for Country for future generations, not destroying the landscape with coal mines and desecrating sacred sites in the process. The traditional owners of this land have said no to this mine and Adani needs to respect that.’

 

 

 


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1 COMMENT

  1. Interesting that the MUFG mega-bank is a completely hermetically sealed website – no contact zone, and all their Board Members are non-contact
    … although they do have some lovely green muthafkrhood statements .

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