Wind farm turbines on the water


India & Adani

CEF in the media  |  Feb 28, 2023

Adani power purchase against ‘public policy’: How could such a deal be signed?

The Daily Star, Bangladesh

On Adani’s deal with Bangladesh to purchase power from the company’s Godda coal-fired power plant, Tim Buckley said: “The way I would put it is heads Adani wins, tails you lose. The contract is so biased against the interests of Bangladesh to the point that one has to wonder why any sensible person would sign it on behalf of the Bangladeshi government. Read more
CEF in the media  |  Feb 28, 2023

JPMorgan Investment Arm Purges Its ESG Funds of Adani Stocks


As JP Morgan removes Adani from its ESG funds, Tim Buckley described the investor losses as an “absolute failure” on the part of regulators and index providers, saying regulators need to stay on top of “the biggest systemic risks, and one of the big systemic risks is the index funds and the lack of clarity and regulatory definition.” Read more
CEF in the media  |  Feb 27, 2023

Bangladesh to pay through the nose for Adani deal

The Daily Star, Bangladesh

On the deal Adani has stitched up with Bangladesh to supply power from its Gooda coal fired power plant, Tim Buckley said “This appears to be the most expensive, lopsided contract to replenish the pockets of the ex-richest man in Asia, at the expense of the people in Bangladesh.” Further extensive commentary in the attached article. Read more
CEF in the media  |  Feb 23, 2023

Gautam Adani’s ties with Modi spur scrutiny of overseas deals

The Financial Times (UK)

Adani had made a deal for Bangladesh to import power from its 1,600MW Godda power plant in India, using coal from Adani’s Australian Carmichael mine. Tim Buckley said the Bangladeshi deal “is one of the most expensive power purchase agreements” he has ever seen and “strategically ridiculous” for Bangladesh. Read more
CEF in the media  |  Feb 21, 2023

Gautam Adani: Will tycoon’s $100bn loss hit India’s green energy dreams?


In this feature, Tim Buckley notes that Adani’s troubles since it was accused of the world’s biggest con by Wall St research firm Hindenburg presents “huge potential capacity for other national players to step up, leveraging their domestic skills and capacity, combined with expanding global capital access and interest in investing in Indian renewables and grid infrastructure”. Read more
CEF in the media  |  Feb 20, 2023

‘Brazen cronyism’: All eyes on Modi following explosive Adani allegations


Tim Buckley told Crikey it’s clear the “pervasive corrupting influence of coal [is] permeating through all government decisions” as India eyes potential global superpower status and “Adani leverages crony capitalism for everything he can milk from it.” Read more
CEF in the media  |  Feb 18, 2023

Inside The Offshore Empire Helmed By Gautam Adani’s Older Brother 


Tim Buckley in this Forbes magazine story on Adani’s brother in light of the Hindenburg allegations: “I’ve always thought it was a partnership. Gautam was the warm, cuddly, friendly public face of the pair, and Vinod the mastermind in the private tax haven, the real puppet master.” Read more
CEF in the media  |  Feb 17, 2023

The Adani Group and India’s Foreign Policy

South Asian Voices

A feature on Adani’s international investments and their intersections with India’s foreign policy from Washington based think tank the Stimson Centre quotes Tim Buckley’s commentary from Washington Post. Read more
CEF in the media  |  Feb 16, 2023

Could trouble for Adani trip up Narendra Modi?

The Guardian

Indian PM Modi is accused of helping Adani secure lucrative coal deals. Tim Buckley: “It’s interesting how the bigger Adani got in coal mining in India, the less momentum towards decarbonisation the Indian government seemed to be pursuing,” Read more
CEF in the media  |  Feb 15, 2023

The Adani Group Saga Is Far From Over

Time magazine

This Time magazine story summarises the post-Hindenburg report Adani crisis, quoting Tim Buckley on the fact that the allegations of the “world’s biggest con” mean the conglomerate will need to scale back its plans as it struggles to raise capital Read more
CEF in the media  |  Feb 14, 2023

Adani hit with investigation by Indian regulators as shares tumble again

The Guardian

As Indian financial regulator the Securities and Investments Board of India investigates Adani, Tim Buckley said the Group will try to weather the storm. “It is going into cash preservation mode. Adani might have to sell some assets but it won’t be terminal unless a regulator proves some of the allegations”. Read more
CEF in the media  |  Feb 11, 2023

The Adani cloud over India

Al Jazeera

Tim Buckley comments on the Hindenburg allegations against Adani, noting that when you see a hugely complex network of offshore companies associated with an entity whose operations are mostly in India, the onus is on the company to say why they exist. Read more

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