Siemens Addresses Criticism Of Coal-mine Project in Australia
January 13 2020 - 5:00AM
Dow Jones News
By Giulia Petroni
Siemens AG (SIE.XE) said Sunday that it will proceed supplying
infrastructure parts for a controversial coal-mine project in
Australia after facing criticism from environmental groups.
"While I do have a lot of empathy for environmental matters, I
do need to balance different interests of different stakeholders,
as long as they have lawful legitimation for what they do," Chief
Executive Joe Kaeser said.
However, the German manufacturer said it will establish a
sustainability committee with external members to address
environmental concerns in the future.
Environmental group Fridays for Future, whose figurehead is
Swedish climate activist Greta Thunberg, called for protests at
Siemens locations in Germany last week, criticizing the company's
involvement in the Carmichael coal-mine project commissioned by
Indian conglomerate Adani Enterprises Ltd. (512599.BY).
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 13, 2020 04:45 ET (09:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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