Indonesia (EKO) : Coal-blooded destruction.

 

Banks like JPMorgan, Citi and Deutsche Bank could be about to help a coal giant secure almost a billion dollars in new finance. This has to stop.

Add your name and tell these banks it’s time to break ties with Adaro Energy Indonesia.

 SIGN THE PETITION 

The Indonesian village of Wonorejo was once a thriving community.  But when energy giant Adaro bought up land surrounding it to  build coal settling ponds, families fled. Now, Wonorejo is a ghost  town where coal ash has blanketed a dilapidated school and an  abandoned health post. This form of reckless destruction by Adaro might continue if banks  like JPMorgan, Citi and Deutsche Bank agree to back its  upcoming $750 million bond. But we can show these big banks that thousands of people across  the world oppose its support for a company that is single-minded in  its pursuit of coal.  SIGN the petition: Stop JPMorgan, Citi and Deutsche Bank  from underwriting bonds for Adaro Energy Indonesia Banks like Citi, JP Morgan and Deutsche Bank know that Adaro  lacks any credible plans to reduce emissions. Yet they insist on  taking a bet on a coal miner destroying some of the last remaining  North Kalimantan rainforests, migration routes of critically- endangered Hawksbill sea turtles, and livelihoods and incomes of  people employed in traditional agriculture, livestock, and fisheries  in Indonesia. But growing public pressure has already compelled banks like  BNP Paribas and DBS to rule out any financing or underwriting  services to Adaro. If we come together, we can make these banks  drop Adaro as a client for good. Add your name and demand JPMorgan, Citi and Deutsche  Bank break ties with Adaro If banks go ahead, Adaro will continue to flout Indonesia's  commitment to fossil fuel phase-out and exacerbate environmental  degradation and human rights violations. But we know it can be  stopped because we’ve done it before. Like when Ekō members  helped pile pressure on Deutsche Bank to end its involvement in  Whitehaven Coal’s bond issue. But we need to all come together  to win again. Will you join the fight and stop JPMorgan, Citi and Deutsche Bank  from underwriting bonds for Adaro Energy Indonesia ? SIGN the petition: Stop JPMorgan, Citi and Deutsche Bank  from underwriting bonds for Adaro Energy Indonesia  SIGN THE PETITION  Thanks for all that you do, Apekshita, Nick, and the team at Ekō. More information : For the Sake of Coal, Life Disappears from Wonorejo Village Project Multatuli. 21 May 2022. New Indonesian industrial park on Borneo, feted as 'green,'  will be powered by coal, report says AP News. 14 September 2023.

 

 

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