Newsletter Subject

Corrupt coal

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eko.org

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us@eko.org

Sent On

Sat, Oct 28, 2023 08:04 AM

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And why one financial company could stop them   The world’s largest private coal developer

And why one financial company could stop them   The world’s largest private coal developer steals Indigenous land, flattens forests, has plans to destroy the Great Barrier Reef, and now is involved in a massive corruption scandal. It's time for powerful financial firm MSCI to drop Adani from its investment list. [a coal digger with a newspaper headline imposed over the top. the headline says secret paper trail reveals hidden adani investors] [ Sign the petitionÂ]( {NAME}, Adani owns 17 climate destroying coal mines around the world and has an awful track record -- stealing Indigenous land in India, flattening forests, and even threatening the Great Barrier Reef. Now, Adani is in the midst of a huge corruption scandal that includes stock manipulation, fraud, and lying to investors. This is our chance to stop one of the most destructive companies on earth. A trillion dollar fund already dropped Adani from its investment list over these shady business practices. If the powerful financial firm MSCI also drops Adani, it will wipe billions more off Adani’s books and put a huge dent in the company's coal expansion plans worldwide. MSCI knows about these issues and is deciding in less than 3 weeks whether to drop Adani. Now’s the moment to deliver our message: [Sign now: call on MSCI to remove Adani Group companies from all of its global indexes.]( Adani's business practices involve violence, exploitation, corruption, and land-grabbing. Yet MSCI continues to rank Adani’s stocks and bonds even in some of its "sustainability" indexes, ignoring Adani’s poor track record in almost every standard - climate-disastrous coal expansion plans, human rights abuses, and now evidence of fraud and corruption. MSCI’s index rankings are hugely influential. Trillions of dollars in investments are tied to these indexes - and Adani is listed in over 30 of them. Getting removed from MSCI’s indexes would force widespread sell-offs of Adani stocks and bonds and discourage investors from funding its coal expansion plans. Because of the company’s obscurity, MSCI is not used to facing questions about its role in aiding fossil fuel expansionists like Adani, which means every signature will have an impact. [Add your name and demand that MSCI strikes Adani of its investment indexes.]( Adani is the world’s largest private coal developer, and it's owned by one of the richest men on earth. There are incredible stories of courage and resistance standing up against Adani, a company that has stolen people’s homes and ancestral land from the Wangan and Jagalingou Traditional Owners in Australia, to the Indigenous Adivasi communities in India. Support these communities in their fight against Adani by taking action now. [ Sign the petitionÂ]( Thanks for all that you do, Nick and the Toxic Bonds team at Ekō More information: [Secret paper trail reveals hidden Adani investors ($)]( Financial Times, 31 August 2023 [Modi-linked Adani family secretly invested in own shares, documents suggest]( Guardian, 21 August 2023 [Documents Provide Fresh Insight Into Allegations of Stock Manipulation That Rocked India’s Powerful Adani Group]( Organized Crime and Corruption Reporting Project, 31 August 2023 [MSCI urged to drop Adani bonds from indices]( Adani Toxic Bonds, 27 March 2023      --------------------------------------------------------------- Ekō is a community of people from around the world committed to curbing the growing power of corporations. We want to buy from, work for and invest in companies that respect the environment, treat their workers well and respect democracy. And we’re not afraid to stand up to them when they don’t. Please help keep Ekō strong by chipping in $3 [Chip in $3]( This email was sent to {EMAIL}. | [Unsubscribe](   --------------------------------------------------------------- Follow Us On Social Media [Facebok]( [Instagram]( [Youtube](Eko.Movement) [Twitter]( [TikTok](eko.movement) [Telegram](

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