COAL & MINES

Coal protesters demand that SBI stop financing Adani’s Australia project

Protesters rallying under the banner of ‘Goyant Kollso Naka’ gathered outside the Margao branch of State Bank of India (SBI) on Friday demanding that the bank drop the proposal to finance the coal mine project of Adani group in Australia.

They also submitted a memorandum to the branch manager requesting him to forward their request to the bank’s management.

“In the face of the climate crisis, this is akin to funding the destruction of our planet and the extinction of our own species. Goa is under severe threat due to this proposed coal mine since the coal is destined to be handled and transported through Goa, destroying our state and its economies totally,” the letter, signed by the group’s convenor, Antonio D’Silva, said.

In the letter, D’Silva further requested the branch manager of SBI Margao to impress upon the management that “failure to reject the proposal to fund the coal mines of Adani Group in Australia will force the people to reconsider their deposits and investments in SBI and its associates.”

Source
ET Energy World
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