The last legal roadblock Adani faces, the challenge by the Wangan and Jagalingou Traditional Owners of the Galilee Basin to the Indigenous Land Use Agreement, is likely to be resolved this month. While the proposed Carmichael mine in central Queensland is often deemed “a stranded asset”, as Adani has not succeeded in securing finance for the $16.5 billion project, it will not just walk away.
Adani Carmichael coalmine
Such is the growing alarm at the devastating impact of climate change that even some world leaders have distanced themselves from US President Donald Trump at the January World Economic Forum (WEF) at Davos in Switzerland.
Trump was greeted with boos and hisses in response to his criticism of the media as “nasty, mean, vicious and fake”. At one session, even after being favourably introduced by Davos founder Klaus Schwab, Trump was still greeted with disapproving boos.
Last year almost 90% of Queensland was drought declared. For farmers and graziers struggling for survival this meant increasing reliance on groundwater.
The future of Adani’s proposed Carmichael mine in the Galilee Basin has become intertwined with the Queensland state elections called for November 25, with the mega coalmine confronting serious problems in obtaining finance for the project.
Over the past year, Adani has been increasingly unable to secure the $5 billion it needs from private sources, as various financial institutions have begun shifting investments away from coal and towards renewables.
Under pressure from grassroots campaigns, Australia’s Big Four banks have ruled out financing the project.
Activists from all over Australia travelled to be part of the week of frontline action against Adani coalmine. Green Left Weekly spoke to Juliette from Gympie in Queensland and asked her thoughts on the protest.
"I have come up to join all these amazing, strong, empowered people to show my opposition to the Adani coalmine because I really care about our planet, I care about our future.
GetUp! has just published an updated version of The Adani Files, which it released in February. The Adani Files: New Dirt reveals the fraudulent activity of the mining giant, currently under investigation in India, where it is accused of a complex $298 million scam that cheated shareholders, tax authorities and Indian energy consumers.
A noisy group of protesters gathered outside the Australian Infrastructure Investors Forum on September 12 to “welcome” its keynote speaker, the CEO of the Northern Australia Infrastructure Fund (NAIF) Laurie Walker. NAIF Board members are the focus of a campaign by the movement to prevent the massive Adani coalmine in Queensland’s Galilee basin.
Activists opposing the proposed megamine that Indian miner Adani wants to build in central Queensland have suffered two legal setbacks in their quest to block the mine.
On August 25, the Federal Court dismissed the appeal by the Australian Conservation Foundation against the federal government’s approval of Adani's Carmichael coalmine.
Queensland Premier Anastacia Palaszczuk’s 2015 election commitments to transparent decision making, no “secret deals” and that the Adani project must “stand alone on its feet ... on the economics of the project itself” have been challenged by documents released under a Right to Information request.