Adani coalmine: Siemens CEO has ‘empathy’ for environment but refuses to quit contract
by Graham Readfearn from on (#4XTDS)
Joe Kaeser says he must balance stakeholder interests as climate change activists protest company's decision
Global engineering company Siemens will not pull out of a contract at the new Adani coalmine in Australia, rejecting calls from climate campaigners including Greta Thunberg.
President and CEO of Siemens, Joe Kaeser, announced Monday that after reviewing the rail signalling contract the company had "a legally binding and enforceable fiduciary responsibility."
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