Article 57EGM Adani quietly rebranding Abbot Point terminal as company hit with $107m damages bill

Adani quietly rebranding Abbot Point terminal as company hit with $107m damages bill

by
Ben Smee
from on (#57EGM)

Exclusive: Queensland supreme court says company engaged in unconscionable conduct'

Adani has quietly begun planning to rebrand its Abbot Point coal terminal - removing all reference to Adani in its company name and branding - as financiers continue to abandon the business and a Queensland court orders it to pay $106.8m in damages.

The Queensland supreme court this week ordered Adani to pay four terminal users damages for unconscionable conduct" in a judgement that was scathing of Adani's actions to advantage its own financial interests over other coal companies.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/environment/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments