CEO Joe Kaeser says company faces a dilemma because of contractual obligations. FMTNews Siemens
BERLIN: Siemens boss Joe Kaeser said the German conglomerate would announce by Monday whether it is to pull out of a project to supply rail infrastructure for a giant coal mine in Australia following massive environmental criticism.
The proposed Carmichael mine, owned by India’s Adani group, has long been controversial but anger over the multi-billion-euro project has been fanned by Australia’s catastrophic bushfire season. “Australia is on fire, we are in the midst of a climate crisis and burning coal contributes massively to the warming of the planet,” it read.Siemens’ contract to help develop the rail link that will transport coal extracted from the mine is only worth around €18 million.
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