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.”
Adani-Carmichael coal mine
Protesters occupied environment minister Greg Hunt's office in Melbourne on October 30, in protest at his re-approval of Australia's largest new mega coalmine — the Adani-Carmichael mine in Queensland. Protesters hung a banner from the roof with “Greg Hunt: Minister for Coal” emblazoned across it. “It is clear that our Minister for the Environment doesn't stand for the environment at all”, said student activist Sam Dariol.
Ahead of the United Nations Climate Change Conference scheduled for December in Paris, federal resources minister Josh Frydenberg has sought to invoke “a strong moral case” to justify his government's green lighting of the Carmichael mega-coalmine in the Galilee Basin. However, his argument is as spurious as the economic justifications made by Adani and federal and Queensland governments in support of the project.
Environment minister Greg Hunt gave formal approval on October 15 for a massive new coalmine in Queensland's Galilee basin, “in accordance with national environment law” after the Federal Court set aside the previous approval in August. But Indian coal mining giant Adani is unlikely to receive the federal government funding it needs to open the Carmichael mega mine. As resource prices crash and more than 1000 coalmining jobs have been lost in Queensland alone this year, Adani's competitors have come out in opposition to any federal government assistance for the mega mine.
National Australia Bank (NAB) has decided not to fund the Adani coalmine, rail and port facilities on the Great Barrier Reef coastline. The Korean company LG has also announced it will not buy the company's coal. Korean electronics giant LG signed a letter of intent with Adani last year to purchase 4 million tonnes of coal from the Carmichael mine. However Adani has now lost one of its two big external customers when the letter of intent expired and was not renewed.
Visiting Canadian author and activist Naomi Klein believes she owes PM Tony Abbott “a debt of thanks”. In Sydney to promote her new book
Capitalism versus the Climate: This Changes Everything, Klein said the conflict between what the planet needs and what capitalism needs is exemplified in Australia.