Margaret Gleeson

Opposition Leader Bill Shorten told the National Press Club in Canberra on January 30 that he had become increasingly sceptical of Adani”s Carmichael coalmine in recent months: “We’re certainly looking at the Adani matter very closely,” he said. “If it doesn’t stack up commercially or if it doesn’t stack up environmentally it will absolutely not receive our support.”

Since the 2010 declaration of the Anna Bligh state Labor government that Adani’s proposed Carmichael coalmine and rail project in Central Queensland was being assessed as a “significant project”, opponents have raised the shady dealings of the company on its home turf, India.

The continued support for the project by Labor and Coalition forces in Queensland and Canberra, in the face of the growing likelihood of the project achieving “stranded asset” status as sources of financing dry up, raises the question: “What is in it for the pollies?”

As the decision deadline looms for the $1 billion Northern Australia Infrastructure Facility (NAIF) loan to Adani for construction of rail infrastructure for the Galilee Basin mega coalmine, a rash of protests erupted in Brisbane, Sydney, Melbourne, Townsville, Cairns, Mackay and at Adani’s work sites near Belyando in Central Queensland.

Renewable energy projects currently under construction in Queensland are set to create a comparable number of jobs to those of the controversial Adani new coal project, if it proceeds. The growth of renewable power generation will create more jobs than have been lost in coalmining.