Insurers have to protect themselves against foreseeable risks. For insurers of fossil fuel projects, those risks are growing.
The decision of Suncorp to dump coal, just months after the re-election of the Morrison government, makes it clear that insurers can’t afford wishful thinking.
The Galilee waterhole is part of the area potentially affected by Adani’s Carmichael mine.
Adani’s request for the names of individual scientists reviewing their groundwater management plan has chilling implications for scientific independence.
The road to Adani. There are more hurdles to overcome, and Gautam Adani might have to put up his own money.
Gautam Adani might be willing to lose a large share of his wealth to show that he can’t be pushed around, or he might want more public money.
Re-elected Indian prime minister Narendra Modi might have helped the Adani mine in the Galilee Basin to get over the line.
India’s re-elected prime minister has paved the way for Queensland coal to power Bangladesh.
A nightmare scenario for Bill Shorten would be to lose both Batman and Longman.
Bill Shorten for a long time seemed to have the political breaks running his way, but suddenly things have turned.
The Adani project is already a stranded asset.
The Adani project is already a stranded asset, and definitely not worthy of taxpayer support, or the risks to the Chinese of any involvement.
Despite Premier Annastacia Palaszczuk’s veto of a loan to Adani, the company could still receive funds from a new government or via previous arrangements.
Questions have been raised over why Adani is in line for public money.
AAP Image/Lukas Coch
The proposed loan of Commonwealth money to Adani is on shaky constitutional ground, potentially paving the way for High Court challenge which could change the dynamics of federal-state funding.
Queensland Premier Annastacia Palaszczuk and Gautam Adani are still resolved to press ahead with the Carmichael mine, with taxpayers’ help.
AAP Image/Cameron Laird
Following the ABC’s Four Corners program ‘Digging into Adani’, the question that remains is: why is the project still being pursued at all?
AAP/Black Inc Books
Politics podcast: Anna Krien on the climate wars.
Anna Krien's latest Quarterly Essay explores the debates on climate change policy in Australia and the ecological effects of not acting.
Members of the W&J Traditional Owners Council outside the Federal Court.
The Carmichael coal mine requires a crucial native title agreement to build key infrastructure. But an Indigenous group is bringing legal action against Adani, which may create a fatal roadblock.
Is it nearly the end of the road for coal?
The board of Indian mining firm Adani has approved its A$16 billion Carmichael coal mine. But has the Queensland government failed in its duty to be responsible with publicly owned resources such as coal?
The University of Canberra’s Deep Saini and Michelle Grattan discuss the week in politics.
Politics podcast: Matt Canavan on Adani
Matt Canavan tells The Conversation this mine is only one part of a plan for 'opening up the Galilee Basin' to provide investment opportunities, exports, and employment.
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.