From Stop Adani:

“In 2019, Samsung Securities joined with two other Korean investors, Hanwha and Korean Investments and Securities, to bankroll Adani’s Abbot Point coal port to the tune of US$208 million—this is where Adani will shovel coal from their climate wrecking mine onto ships for export through our precious Reef, to be burned in India.

“But now Adani's coal port is drowning in $1.5B of debt, the bulk of which needs to be repaid in the next 2 years. As one of Adani’s most recent investors, we were worried Adani would approach Samsung to ask for more money to help them pay off this debt.

“That’s why on Wednesday we made it crystal clear to Samsung that young people would not be buying their products ever again, unless they ruled out helping to fund Adani’s disastrous coal project.”

And then…

“Less than 48 hours later, Samsung contacted our friends at Market Forces and committed to not provide any further financial support for Adani’s Abbot Point coal port or the Carmichael coal project!” 

Now we wait and see whether Adani succeeds in finding another company willing to take the plunge and the public shaming that comes with it.

Being associated with a coal mine in 2020 is a pretty dumbass idea for any company.