More to do to #StopAdani

#StopAdani is undeniably a hugely powerful movement. 

At the end of 2017, the wins were coming thick and fast; 

  • The Queensland Labor government retained power, with huge influence coming from the promise of vetoing the $1billion taxpayer loan to Adani.
  • They held their promise and blocked the loan. 
  • Four Chinese banks, some of the biggest banks in the world, plus the Chinese embassy, refused to support Adani.
  • Downer, who was contracted to build Adani's mine, walked away. 

All of these wins happened because our movement has grown so strong. 

But - it's not over yet. 

Adani is looking down the barrel of a huge stranded asset, so will do everything it can to push the Carmichael mine ahead. 

The mine proposal is Adani's best chance of replacing its current coal-handling contracts, which are set to finish up in the next five years. Without ongoing contracts, Adani's Abbot Point coal port will be in real trouble. 

There is also the possibility of Aurizon building an alternative rail line that could service the Carmichael mine and the rest of the Galilee Basin. 

Adani is not done yet - and neither are we. 

Already this year we have seen the price of renewable energy in India become cheaper than coal-powered energy, with minsters and leaders in India committing to rapidly reducing use of coal-power

India was set to start the next coal boom - and instead we're seeing the country emerge as a renewable energy powerhouse. 

With the vast majority of countries signing onto the Paris Agreement, we're seeing the fossil fuel industry declining. In the near future, there will be no market for the thermal coal that Adani so desperately wants, and Australia will have to deal with the mess left behind. 

Mackay suffers when it puts all of its eggs in one [mining] industry's basket. Time and time again we hear pleas from the community for a diversification of our region's economy, so that we rely on highly fluctuating industries. Coal is coming to an end - and Adani is not the answer for Mackay. 

That's why this year it is so important that we continue to grow and strengthen our movement. 

Let's work together to strengthen regional Queensland for generations to come. 

We can't stop (and we won't stop) until we #StopAdani forever.

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Read more from Market Forces and the #StopAdani Alliance


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