The following extract from recent fund raising related email from Market Forces, might give hope to those who wish Adani would disappear into the ether.
This is what monumental progress looks like
"Five Korean financial institutions rule out funding Adani. A dozen international insurance companies do the same. The French investment bank Adani hired to sell part of Abbot Point walks away from the deal.
Insurer QBE commits to phase out thermal coal insurance by 2030. Three Singaporean banks and Standard Chartered signal an end to funding new coal power stations.
This is just some of the progress we have made in the past year, all while under increasing scrutiny and threatened by Adani's lawyers, who tried to intimidate us into submission. No chance.
Every day we become more aware of how climate change is impacting us all. From bushfires in winter and in parts of Australia that have never experienced them before, to another angry summer just passed where climate records tumbled.
We’re making progress, but it’s not fast enough to meet our vision of a coal free Australia by 2030, with all of the world's future energy needs met with renewables.
Possible? Yes. Essential? Absolutely.
We're up against a fossil fuel industry desperate to squeeze every last dollar of profit it can while it has the chance. And the re-elected Morrison government has just announced it has a mandate on all existing policies, including climate and energy. Meaning the government has just let itself off the hook over taking action on climate change.
I’m sure it’s no surprise to you when I say we can’t count on our political leaders to save us from climate disaster. It’s up to the community to fight harder than ever for a safe climate future. And our work convincing financial institutions like our banks, super funds and insurance companies to drop their investments in fossil fuels is more critical than ever. Governments won’t act, so we have to."
As an independent nonprofit, Market Forces doesn’t take money from governments or corporations, relying on support from community members so their team can keep their work up. They are currently seeking financial support asking community members to make a tax deductible $3 donation to 'help deliver the next round of wins to move finance and investment away from polluting fossil fuels'. The work of Market Forces is regarded highly by BSFG. BSFG. members and friends might consider including Market Forces in their portfolio of climate change related donations by responding to their current request for financial support. .