Gautam Adani’s company is in line to get an extraordinary helping hand from Malcolm Turnbull’s government to develop the Carmichael coal mine.
If the government were to provide loan insurance or loan guarantees, the banks might be more inclined to fund Adani. Taxpayers would then be at risk for the estimated $10 billion in project finance.
Many banks are worried that coal investments could be left stranded on their asset books.
A new Climate Council report points out that the Paris Agreement's carbon budget leaves no room for the development of massive new coal reserves such as the proposed Carmichael mine.
The public and finance sectors – but not the government, it seems – are questioning the wisdom of investing in infrastructure for projects like the Adani coal mine.
If infrastructure is to meet the needs and challenges of an uncertain future, we need to move beyond the AAA ratings mindset and aim for net-positive social and ecological outcomes as well.
Data shows coal is on the way out.
As the cost of renewable energy falls, funding a new mine is a risky investment.
The news last week that Australia’s oldest bank, Westpac, has withdrawn from any prospect of financing Adani’s Carmichael coal mine may well be the death knell for the controversial project. Westpac is…
Coal mines, such as this one near Bowen, use water for everything from equipment cooling to dust management.
Adani's controversial Carmichael coal mine in Queensland's Galilee Basin has been granted an unlimited 60-year water licence. But a range of measures could help the industry use less freshwater.
Companies in the developing world, like Adani Group headed by Gautam Adani, have achieved enormous success through strong ties with governments.
Even though the setup of the Indian Adani Group draws scrutiny in developed countries like Australia, it's common and makes sense in the context of emerging markets like India.
As Australia looks to expand the coal industry at home, it's also ramping up regional diplomacy aimed at avoiding condemnation by those at the front line of climate change.
Environmental activists rallied at Queensland’s state parliament in April.
AAP Image/Nathan Paull
Queensland's Supreme Court has backed the state government's decision to approve the proposed Carmichael coal mine. But environmental groups have scored some key legal points on climate considerations.
Abbot Point port would have to be expanded to ship coal from the proposed new mine.
Queensland's planned new coal mine could impact the climate, the Great Barrier Reef, water, and local species. Yet still it has been declared as 'critical infrastructure' by the state government.
Indigenous activists confront Queensland politician Peter Wellington in 2015.
AAP Image/Dan Peled
Can Australia achieve fair and open decision-making and a just and sustainable energy transition when big coal players are involved?
It may not be coal for Christmas for Adani, unless it gets its foot in the ground.
Coal image from www.shutterstock.com
With the last major court case cleared, Adani is free to proceed with its Carmichael coal mine. But the business case is not looking good.
India is the world’s third-largest coal producer, but also the second-largest importer.
Coal image from www.shutterstock.com
India is at a crossroads: how to bring electricity to millions of people without power, while also dealing with climate change?
The southern black-throated finch could be brought to the brink by coal-mining developments.
More than half of the remaining habitat for Queensland's southern black-throated finches is potentially subject to mining development. If these mines go ahead, it will be bad news for these birds.
Is the sun setting on coal investments?
Energy companies are realising that, in light of the Paris climate deal, the economics are starting to line up in favour of climate action, not against it.
The Carmichael coal mine (not pictured) is set to be Australia’s largest.
Experts respond to the reapproval of Adani's Carmichael mine.
Leader of The Greens, Richard Di Natale, speaking on ABC TV’s Q&A program.
Richard Di Natale, leader of The Greens, told the Q&A audience that India will no longer buying Australian coal but presenter Tony Jones said he thought that was wrong. We check the facts.
Federal Attorney-General George Brandis wants to remove green groups’ blanket eligibility to challenge environmental approvals in the courts.
AAP Image/Mick Tsikas
The government plans to change the law so green groups don't automatically qualify to mount legal challenges against environmental approvals. That would make it much harder for green watchdogs to act.
Attorney General George Brandis believes a recent court decision backing an environmental group is an illegitimate use of the law. Is he right?
The federal government want to stop green groups from using "lawfare". But proposed changes threaten to seriously curtail public interest litigation in Australia.
The Federal Court’s decision to overturn the Adani Group’s federal environmental approval to build the A$16 billion Carmichael coal mine in Queensland highlights policy issues that have a significance…