As you may recall from my blog a few days ago and the Guardian below:
“Last month, Samsung group company Samsung Securities pledged to cease its financial backing of Adani, just days after protests began to target the group’s electronics branch.”
Adani are the fuckers building the Carmichael coal mine and running the Abbot Point export terminal in Australia.
The pressure then went straight on to other money peeps, and it didn’t take long for the next to crack:
“A second major Korean backer of Adani’s Australian coal operation has said it won’t provide any more financial support for the controversial miner, which faces potential debt difficulties related to its Abbot Point export terminal.
“Guardian Australia has seen a letter from Korean brokerage firm Hanwha Securities – sent to the climate group Tipping Point on 30 July – which stated the firm would cease financing Adani’s coal projects.”
As for Hanwha:
“The Hanwha conglomerate’s solar brand, Hanwha Q Cells, is the manufacturer of the most popular photovoltaic panels in Australia, the US, UK, Japan and Korea.”
Ironic.
“It is understood the withdrawal of Hanwha Securities was hastened after the anti-Adani group, Galilee Blockade, held a protest at the Sydney office of the Hanwha Q Cells last week.”
Looks like they were nudged into realising how dumb it looked to be making solar panels and financing coal mines at the same time.
Which domino falls next?