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.
The week of frontline action against the Adani coalmine in Queensland’s Galilee basin, which took place from September 16 to 23, is just the beginning.
More than 100 people, many new to campaigning, came to say: “We will stop Adani”.
Labor has backed away from supporting Adani’s proposed Carmichael coalmine. Previously, Labor leader Bill Shorten said he supported the project “so long as it stacks up”.
But on May 1, Labor’s energy and environment spokesperson Mark Butler warned it could hurt other coalmining areas. “It will simply displace existing coal operations elsewhere in Australia,” he told ABC News. “There will be jobs lost elsewhere in Queensland or there will be jobs lost in the Hunter Valley.
The Queensland government once again demonstrated its commitment to progressing Adani’s mega coal mine project in the Galilee basin on October 9.
State development minister Anthony Lynham announced that the government had invoked special powers to ensure the controversial Carmichael coal and rail project starts next year.
The combined mine, rail and associated water infrastructure have all been declared critical infrastructure. Lynham says the decision will mean less red tape for the proposed $21.7 billion Adani venture.
Adani loses Standard Chartered bank
British bank Standard Chartered announced it has ended its role advising Indian mining giant Adani on finance for its Galilee Basin mega coalmine and Abbot Point port expansion on the Great Barrier Reef. Standard Chartered was the last big bank to retain ties with Adani and leaves it without a financial adviser.
This follows the Commonwealth Bank cancelling its involvement with Adani and the Federal Court setting aside Greg Hunt’s approval of Adani’s Carmichael coalmine on August 5.