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Adviser Glass Lewis flags risks from Adani 'unconscionable conduct' - Vimarsana News

Adviser Glass Lewis flags risks from Adani 'unconscionable conduct'

Article content Glass Lewis rates Adani as having “severe” risk of material financial impacts driven by environmental, social and governance (ESG) factors. “We believe these matters should be concerning to shareholders in how Adani Enterprises’ board oversees risk in operations that may be associated with the globally unpopular Carmichael Mine.” Since only one member of the risk committee was up for reelection, Glass Lewis advised shareholders to vote against nominee Pranav Adani “due to his failure to fulfill his duty to shareholders as a member of the risk management committee.â...

Adani launches dangerous plan to give coal a 'second life' - Vimarsana News

Adani launches dangerous plan to give coal a 'second life'

The company aims to build a plant at Mundra in the western Gujarat state which will convert 2 million tonnes of coal a year to PVC at a cost of US$4 billion. Adani wants to bring the project on stream within four years. Feedstock coal of about 3.1 million tonnes a year for the project will be mainly sourced from Australia and Russia. Indian critics argue that converting coal to plastic will require a high energy processing system that will also have a high carbon footprint. They say it would generate three times more carbon emissions than is generated from converting oil to plastics. They hav...

Adani Group To Begin Coal Exports From Its Australian Mining Project In Queensland This Year - Vimarsana News

Adani Group To Begin Coal Exports From Its Australian Mining Project In Queensland This Year

Adani Group To Begin Coal Exports From Its Australian Mining Project In Queensland This Year Gautam Adani, Chairman, Adani Group. (Subhankar Chakraborty/Hindustan Times via Getty Images) Adani group's Australian business arm Bravus Mining & Resources has exposed the first of the coal seams from mining at the Carmichael mine project in the country's Queensland province, The company will begin exporting the first coal from the project this year. As per the company's chief executive David Boshoff, India will be a "foundation customer" for Carmichael coal and Bravus has already secured the marke...

Let The Vandalism Begin: Adani Strikes Coal - Vimarsana News

Let The Vandalism Begin: Adani Strikes Coal

Saturday, 26 June 2021, 3:41 pm He began on RN Breakfast by claiming that he, and his company, would be open and transparent about mining operations. But Lucas Dow, chief executive of Adani’s Australian operations, soon revealed in his June 25 interview that his understanding of transparency was rather far from the dictionary version. When asked how the Carmichael Coal Mine was getting its water, he claimed that these were from “legally regulated sources” and in commercial confidence. Businesses work like that, he stated forcefully, preferring to praise the company for it – and here,...

Adani Group strikes coal at Australia's Charmichael project - Vimarsana News

Adani Group strikes coal at Australia's Charmichael project

India Business News: Adani Group's Australian mining division Bravus Mining & Resources has struck coal in the much controversial Charmichael project in Queensland. Br