German engineering group Siemens said it would fulfil its contractual obligation...
) said it would fulfil its contractual obligations to a controversial coal mining project in Australia’s outback, attracting criticism from environmental groups on Monday.
“There is practically no legally and economically responsible way to unwind the contract without neglecting fiduciary duties,” Siemens Chief Executive Joe Kaeser said in a statement. “We should have been wiser about this project beforehand. Now, we need to be a supplier who sticks to its commitments as long as the customer stays on legal grounds, too. Because being a company which is not a reliable source for its customers is simply not an option.”
“If Siemens’ board thinks this is the end of the conversation, they’re kidding themselves,” said Julien Vincent, executive director of environmental advocacy group Market Forces in Melbourne. A protest group that has disrupted the operations of companies linked to Adani’s mine said they would target Siemens.
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