Pages tagged "Adani"
In a blog published last week, Gautam Adani, chairman of the Adani Group, says that renewables are fast becoming the cheapest and best source of energy, especially for countries that currently rely on fossil fuel imports.
He wrote “Today, as COVID19 challenges the fundamental assumptions of our lives, the urgency of a green revolution in the energy sector gains greater importance. While the immediate economic impact may slow us down, we are presented with an opportunity to pause, rethink, and design a new and faster transition to a low carbon future.”
“The adage that renewables are good for the environment, but bad for business is increasingly a thing of the past. Today, we see an accelerating trend where policies facilitated by governments, public awareness and support for action on climate change, and the economies of scale continue to create massive market demand and job creation through renewables while simultaneously addressing the energy security for countries dependent on energy imports.”Read more
Federal Government approves Adani water project.
The federal government has approved the North Galilee Water Scheme for the second time in 12 months. The first approval was overturned after a court ruled that the federal environment minister’s office had not properly assessed hundreds of submissions.
The approval will grant the Adani corporation access to up to 12.5 billion litres per year from the Suttor River in central Queensland. This decision makes a mockery of federal environment laws meant to protect rural communities, farmers and the environment”.
The Federal Government has chosen to not apply the water trigger to Adani’s Water project which means there will not be a rigorous assessment of the environmental impacts of the project. Adani will only have to provide "preliminary documents".
Adani has already been fined for polluting coastal wetlands and now they will be allowed to drain billions of litres of precious river water without a proper environmental assessment. Adani can not be trusted to manage our most valuable water resources.
This is yet another free-kick for Adani who have already been gifted an unlimited 60-year groundwater licence and is currently in negotiations for a royalty holiday that is expected to be worth hundreds of millions of dollars.
The water trigger was put in place for exactly this type of project. The government is failing to follow the safeguards that were put in place to protect rural communities, farmers and the environment from water-guzzling coal mining projects.
Our region is in critical drought and the federal government have chosen to grant the Adani coal mine access to billions of litres of precious river water. Adani’s single coal mine has a licence to extract more water from the Suttor River every year than the 122,000 residents of the city of Mackay use annually.
Media Release 25/11/2019
Queensland government and Adani royalties deal deadline fast approaching.
On Monday the Mackay Conservation Group handed a petition with more than 1200 signatures to Mackay state MP Julieanne Gilbert calling on the Queensland government to keep their election promise not to use public money to fund Adani’s mega coal mine in central Queensland.
The Queensland government are currently in negotiations to gift the Adani mine a royalty-free holiday that would allow Adani to defer royalty payments to Queensland for up to 10 years. Assuming the mine ever become profitable.
The Mackay conservation group have gathered the petitions from our support in central Queensland and around the country because we are concerned that the Queensland government are on the cusp of subsidising Adani’s Carmichael mine to the tune of hundreds of millions of taxpayer dollars.
The agreed deadline for the negotiations is the 30th of November though taxpayers may never know the terms of any agreement as both parties have remained secretive about the talks, citing commercial in confidence.
The previous deadline for negotiations of 30th of September passed without an agreement or an explanation from Adani or the Government but spokesperson for the Mackay Conservation Group Mr Michael Kane said that Adani Australia are so heavily in debt that the company may not have any assets or cash reserves that the Queensland government could accept as collateral for such a massive loan.
“We know that the government is considering a deal that could effectively save or delay Adani paying up to $700 million in royalties.'' Said Mr Kane. “In the last state election, the premier promised that no government funding would be given to Adani and that the Carmichael mine must stack up financially.”
“Any royalty holiday for Adani would break that promise and would amount to an enormous government subsidy or taxpayer-funded loan.”
“Australia’s mineral resources belong to all of us and royalties are the price that every mining company has to pay so that Australian receive a fair return for our non-renewable resources. Why should Adani get special treatment when every other mining company in Australia have to pay their fair share.”
“The Queensland government has already done far too much to support a project that will contribute to the destruction of the Reef and guzzle up to a trillion litres of the ground and river water over the life of the mine.”
“Significant questions have been raised by financial experts about Adani Australia’s financial position. Adani Australia is currently carrying billions of dollars in debt and hasn’t paid any real taxes in Australia since 2011. If the Carmichael project turns out to be unviable or fails, then taxpayers will be left to foot the bill to the tune of hundreds of millions of dollars.”
“The fact that Adani is asking for a special Royalty deal highlights that the project does not stack up financially. There isn’t a single financial institution in the world who are prepared to finance Adani’s mine why is the Queensland government even considering it?”
End of release.
For interviews contact
Mackay Conservation Group
Adani is currently in private negotiations with the Queensland Government to secure a royalty holiday so they can afford to build their mega coal mine in the Galilee Basin.
The deal could extend until the mine is profitable, which most financial analysts think it will never be. In documents disclosed under Freedom of Information laws, Queensland Treasury officials described the Adani mine as “unbankable”. At stake is up to $700 million in royalties that should be used to fund Queensland’s firefighters, schools, hospitals and roads.
The government has set itself a deadline of November 30 to make a decision but Queenslanders may never know the details. Both Adani and the government are refusing to divulge information about the secret agreement, citing commercial in confidence.Read more
2 September 2019
Mackay locals concerned about Adani’s financial situation.
New reports analysing Adani Mining’s financial situation have some Mackay locals concerned.
“Adani has shown it can’t be trusted with the environment. Now Mackay locals are also very concerned that Adani may not be able to pay their bills to contractors.” Said Sunny Hungerford , a spokesperson from Mackay Conservation Group
“The new Institute for Energy Economics and Financial Analysis (IEEFA) reports outline Adani’s perilous financial situation and notes that Adani Mining already appears insolvent. We are worried that Adani will cause a lot of damage to our environment in the process of building a project which may collapse. The Adani Carmichael coal mine looks like it will be leaving financial and environmental chaos in its wake.”
One concerned member of the Mackay community, Stephen Bulloch, who has now retired from the coal industry, commented on the subject. “Adani’s financial situation doesn’t look good, I personally would not take the gamble of working with Adani, it’d be backing the wrong horse”Read more
The Daily Mercury 27.07.19 showed a front page headline decrying the
peaceful protest being organised against businesses that support the Adani mine.
The Mackay Conservation Group makes no apology for legitimately opposing
this mine, because of the impact it will have on our underground water, our
climate, our native species and the Great Barrier Reef.
16 July 2019
Adani demands CSIRO scientists’ names: Mackay Conservation Group raises concerns
The Mackay Conservation Group says Adani should be investigated following revelations that the company requested the identities of CSIRO scientists involved in assessing the mining giant’s groundwater management plan (ABC today, Adani demands names of CSIRO scientists reviewing groundwater plans).
Mackay Conservation Group spokesperson, Michael Kane, says “Adani’s actions are clearly designed to intimidate people who work for some of Australia’s most trusted institutions and organisations, including the CSIRO and Geocsience Australia.
“All Australians should be concerned about international corporations applying undue pressure on our independent regulators, regardless of whether they support Adani’s Carmichael project or not.
“If there was a federal anti-corruption body this would be exactly the kind of conduct it would be responsible for examining.
Mackay, Queensland. It was clear from the dozens of people who gathered in Mackay over the weekend, to discuss the next steps in the campaign to stop the Adani mine, that locals have a significant appetite for working to prevent enormous coal mines being dug in the Galilee Basin and avert dangerous climate change.
About 40 residents met in East Mackay on Sunday to discuss the next steps in the local Stop Adani campaign following the apparent change in the Queensland Government’s position on assessing the project scientifically.
Mackay Conservation Group coordinator, Peter McCallum, said “People are increasingly worried about climate change given the extreme weather they’ve seen hit Queensland in recent times. They’ve also heard the dire predictions that the world’s leading scientists have been sharing with governments and the public for decades.Read more
22 May 2019
Palaszczuk must stick with science in the face of political bullying
The Queensland Premier has announced that the Adani mine assessment process will be fast-tracked and that a timeline for approval of the mine will be made public by Friday.
Peter McCallum, coordinator of Mackay Conservation Group, said “This decision follows intense political pressure from the mining industry and the Murdoch press. It is a kick in the guts for all those Queenslanders who were counting on the Palaszczuk Government to make sound scientific decisions on environmental issues.
“Today the Premier has said that she wants the scientific assessment process cut short. There can be only one reason for that, the pressure put on her government by a highly-orchestrated campaign by the mining industry and the Murdoch press.Read more
Media Release - 20 May 2019
AUSTRALIAN CEO MISREPRESENTS ADANI’S ENVIRONMENTAL RECORD AND OVERLOOKS POOR WORKER PRACTICES
Adani CEO Lucas Dow has made misleading statements today suggesting Adani has been working to the ‘highest environmental standards’ (see text of Morning Bulletin story below) when the record shows they have repeatedly breached Queensland laws, says Mackay Conservation Group today (MCG).
Dow says he can’t understand why the Carmichael coal mine should be held up when it can be delivered “in a manner that is both commercially and environmentally responsible”.
However, Adani’s track record shows a lack of compliance with environmental protections and poor corporate behaviour, including:
- being currently in court for pollution from its Abbot Point port terminal. Adani breached a pollution licence by 800%, discharging coal-polluted water from the coal terminal into the Great Barrier Reef World Heritage Area;
- being under investigation at a state level for alleged unlawful drilling and clearing activities at the proposed mine site; and
having to pay a $13,000 fine for polluting wetlands.
MCG spokesperson Michael Kane said, “Adani has shown themselves to be poor corporate citizens who can’t be trusted to do the right thing by Queensland’s environment.
“Adani has a history of breaching Queensland laws even before the project has officially been approved, including being fined for polluting wetlands and discharging coal-pollution into the Great Barrier Reef World Heritage Area,” he said.
“Queensland has laws to protect our water, but Adani clearly doesn’t play by the rules. How can we trust them to look after Queensland’s water?”
“Queenslanders do not appreciate big mining companies risking their precious water resources. Research shows the majority of people in central Queensland are concerned about Adani's impact on ground and river water”.
Mr Kane says it’s disingenuous for Lucas Dow to say he speaks for people in Central Queensland communities reliant on mining, when his record shows he has been responsible for sacking miners and instituting fly in fly out workforces in the recent past.
When Dow was CEO and asset president of BHP Mitsubishi Alliance the company:
- sacked 700 mine workers in the Bowen Basin;
- slashed 230 jobs at Saraji mine in Central Qld;
had a 100% Fly In Fly out workforce at the Caval Ridge mine, overlooking local employment.
“If Mr Dow expects us to trade off our environment and iconic places then it is time he answered some hard questions on the promises he is making. How automated will this mine be and how many existing coal jobs in the Bowen Basin will we lose?” Mr Kane said.
“When Dow was in charge at BMA they sacked more mine workers than are predicted to be employed at Adani’s Carmichael coal mine.
“Under Dow, BMA cut jobs at several mine sites across central Queensland and opted for a fly-in, fly-out workforce over local employment.
“It’s no surprise you won’t find Mr Dow talking about the tens of thousands of reef-related tourism and agricultural jobs at risk from Adani’s coal mine,” he said.
Michael Kane is available for interview.
Media contact: 0438 766 230