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By Alastair Marsh Gautam Adani is increasing his footprint in fossil fuels, new research shows, even as the Indian billionaire vows to make his ports-to-power conglomerate carbon negative. The Adani Group is doubling its coal-fired power capacity to 24 gigawatts, plans to own, develop or operate coal mines with a combined capacity of 132 million tons a year, and is pursuing oil and gas projects, including a partnership with France’s TotalEnergies SE, according to a report published Monday by environmental nonprofit Market Forces. The Australia-based organization, a vocal critic of Adani’s...

Article content Taken together, these initiatives show a company that is making a significant negative contribution to global warming rather than preparing for the energy transition, said Pablo Brait, a campaigner at Market Forces. The findings may increase scrutiny on the India-based group and its founder, who is rapidly rising up the ranks of Asia’s richest people and earlier this year signed one of the continent’s biggest clean energy loans with 12 global banks. While almost all of Adani’s coal assets are in India — where the government says it can’t prioritize eliminating emissi...

Gautam Adani is increasing his footprint in fossil fuels, new research shows, even as the Indian billionaire vows to make his ports-to-power conglomerate carbon negative. The Adani Group is doubling its coal-fired power capacity to 24 gigawatts, plans to own, develop or operate coal mines with a combined capacity of 132 million tons a year, and is pursuing oil and gas projects, including a partnership with France’s TotalEnergies SE, according to a report published Monday by environmental nonprofit Market Forces. The Australia-based organization, a vocal critic of Adani’s Carmichael coal ...

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...

Information obtained separately by the Guardian establishes that the department is investigating whether land at “Borrow Pit 7”– about 70km east of the Central Queensland mine site – was cleared “in a manner that was inconsistent with clearing procedures”. Surveys of land surrounding Borrow Pit 7 sighted an ornamental tree snake (a vulnerable species). They also found “tree scratches” nearby, which were assessed as “potential signs of koala”. Adani – which now refers to itself as “Bravus”– said in a statement it rejected any allegation that illegal clearing of vege...