Antinuclear

Australian news, and some related international items

Adani coal project has a doubtful financial future

the most fundamental problem may lie within the Adani group itself. The A$2 billion required from the project will ultimately come, in large measure, from chairman Gautam Adani’s own pocket.Adani Group founder Gautam Adani. Wikimedia,

With an estimated wealth of A$7 billion, he can certainly afford to pay if he chooses to. But it would represent a huge bet on the long-term future of coal-fired electricity, at very bad odds.

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June 3, 2019 - Posted by | AUSTRALIA - NATIONAL, climate change - global warming

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