Proceedings in the Queensland Land and Environment Court concerning the objection by conservation group Land Services of Coast and Country (LSCC) to the Adani Carmichael coal mine in the Galilee Basin are drawing to a close.
LSCC’s objection to the mine is based on the claim that it poses an unacceptable danger to climate change, groundwater, the Great Barrier Reef and the endangered black-throated finch.
Adani Carmichael
The State Bank of India had reneged on a $1 billion financing agreement for Adani’s Galilee Basin coalmine.
The loan was agreed to five months ago to help finance mining giant Adani’s plan to develop the Carmichael mega coalmine in Queensland’s Galilee Basin. This is the 12th global investment bank to publicly walk away from the proposal in recent months.
As the Galilee Basin project faces legal challenges by Aboriginal and other community groups and international banks refuse to finance it, the environment movement is focusing its campaign on ensuring that the Australian Big 4 banks also withhold finance.


