Media

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

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

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

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

Tim Buckley: “I’ve spent a lot of time looking at the Wirecard fraud in Germany. That was a financial services operator, worth about $24 billion, so much smaller than Adani, and in that case the auditors were asleep at the wheel, and politicians and regulators endorsed their business model, and that’s precisely what Hindenburg is alleging here.” Read more

Tim Buckley’s op ed on the Adani crisis precipitated by the 24 January report from research firm and short seller Hindenburg. What’s the background to these assertions, how credible are they, and what are the implications? Read more

In this 5 minute explainer, Tim Buckley speaks to pv magazine about the crisis threatening Adani Group, the “positive outlook” for Australian renewables, and the nation’s potential to become a clean energy superpower, including supplying the value added critical minerals the world needs for the energy transition. Read more

Tim Buckley discusses his outlook on the crisis grappling billionaire Gautam Adani in an extended interview on Bloomberg Markets Asia, identifying a core issue: the Indian regulators have been asleep at the wheel, meaning Adani Group, which owns major strategic assets including ports and airports, has been above the law, with investigations into its activities unresolved. Read more

In this interview with the BBC, Tim Buckley observes that “most of Adani’s ambitious projects will have to be heavily scaled back in ambition and timetable, because they will have next to no capacity to raise funds right now,” given the accusations of systemic fraud in the Hindenburg report. Read more

Tim Buckley: “Will [the Hindenburg report] damage Adani? Categorically. It should have already. You’ll find a lot of Western capital will now avoid the Adani group. It is going to put Adani’s ability to access global western capital, and in particular green capital and ESG capital at risk.” Read more

Tim Buckley: “India would be a lot more effective in delivering on decarbonisation of its economy and powering its future with sustainable energy if it wasn’t for the pervasive corrupting influence of coal permeating through all government decisions there, like it is here in Australia. Let Adani’s downfall be a warning to Australian companies greenwashing their climate transgressions behind clever accounting magic.” Read more

Tim Buckley on ABC TV News Breakfast on the crisis gripping Adani after accusations of fraud by research firm Hindenburg, noting the risk of contagion in the financial system in India is very serious. With Wall St now closed to the Adani Group, there will also need to be a massive refinancing effort of half of their borrowings. Read more