Newsletter Subject

Coal over people

From

eko.org

Email Address

us@eko.org

Sent On

Mon, Oct 21, 2024 04:00 PM

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  Banks like JPMorgan, Citi and Deutsche could be about to help a coal giant secure almost a bil

  Banks like JPMorgan, Citi and Deutsche 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 petitionÂ]( {NAME}, 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 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 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 petitionÂ]( 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.     --------------------------------------------------------------- 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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