Antinuclear

Adani’s mega mine: it’s not over yet

Julien Vincent

‘A couple of months ago, Adani looked set to defy
economic logic, popular opposition and
the urgent reality of climate change. …

‘All of a sudden there was a plausible – albeit absurd on many levels
– pathway that Adani might find to secure the billions of dollars
it needed for the Carmichael mine to proceed.

‘And then it all fell to pieces. …

‘After all, here we are at the start of 2018 still talking
about the prospect of allowing the largest thermal coal mine in Australia to proceed,
heavily subsidised by the taxpayer,
opposed by over 70 per cent of people who know about the project,
in a context of the thermal coal trade in structural decline
and in the middle of a climate crisis. …

‘Julien Vincent is the executive director of Market Forces’

Read more of Julien’s comprehensive and interesting analysis here:
www.smh.com.au/business/mining-and-resources/adanis-mega-mine-its-not-over-yet-20180109-h0fh1q.html

January 12, 2018 - Posted by Christina Macpherson | General News