Skip to main content

Environmental groups call Adani investment "nod" for Aussie coalmine project cynical: "Private finance remains elusive"

By Our Representative
An alliance of 20 key Australian environmental groups has dismissed the news that Adani’s Board have made a new ‘investment decision’ for the Carmichael coal mine in Queensland, Australia. “This so-called decision is a cynical exercise designed to attract a $1 billion loan from the Australian Government, with private finance continuing to remain elusive for Adani”, it said.
The Stop Adani Alliance, claiming to have the backing of over 1.5 million Australians, said, it “vows to keep fighting the mine.”
Alliance spokesperson and prominent businessman, Australian Conservation Foundation (ACF) President Geoff Cousins AM, said, “This is groundhog day. Adani has announced an ‘investment decision’ multiple times over the six years since it acquired this project proposal but it still floundering around trying to secure the finance it needs to obtain ‘financial close’.”
Cousins AM contended, “Adani is yet to lure any financial institutions willing to bankroll the project, which is proving hugely unpopular with the Australian public. Without this support and public subsidies, the heavily leveraged balance sheet of Adani Enterprises leaves no internal capacity to fund this A$5bn project proposal.”
“If the Australian government hands Adani $1 billion loan of public money for this destructive mine that will destroy our Reef, we will consider all avenues, including legal action, to stop it”, he added.
Julien Vincent, Executive Director of environmental finance group, Market Forces, said, “Adani still faces an uphill slog to secure finance for what is an unviable project. 23 banks have either distanced themselves publicly from coal export projects in Australia’s Galilee Basin, or introduced policies that prohibit financing Adani’s mine.”
Vincent added, “Global shifts towards clean energy and India’s move away from coal makes Adani’s project a dud prospect. No wonder no one will touch it.”
Sam Regester, Environmental Justice Co-Director at GetUp said, “The company may be looking to turn some soil but Adani, and its cheer squad in the Australian and Queensland governments, are not prepared for the massive backlash from Australians who understand this project is fundamentally wrong. We won’t stop until we stop Adani.”
“Membership of the Stop Adani Alliance is blooming and Stop Adani local groups are popping up like mushrooms, with over 160 local groups around the nation. We’ve had 380 public events to date, including 200 screenings of the ‘Guarding the Galilee’ documentary with over 100 more booked in.”
Larissa Baldwin, National Co-Director of the Seed Indigenous Youth Climate Network, said, “Neither the Queensland or Australian governments should allow Adani to ignore the rights of Indigenous people who’ve not consented to a mine which will destroy land and culture. The Government’s ‘Adani amendments’ to the Native Title Act are stalled in the Australian Senate because consultation with mob has been so shoddy. Putting mining rights before our land rights has got to stop.”
Maree Dibella, Co-ordinator of the North Queensland Conservation Council in Townsville said, “Just three weeks ago Adani announced it was suspending its final investment decision indefinitely in a move designed to force a royalty deal. Today they’re here in Townsville, cutting a ribbon to open their office, promising our community the world. How we can trust anything this company says?”
“The Queensland Government should be ashamed to stand by Adani today, having broken their promise of no backroom deals and no public funding for Adani by granting concessions in a secret royalty deal that may cost Queenslanders over $360 million”, Dibella added.

Comments

TRENDING

India failing to dictate diplomatic preferences of Nepal, Bhutan, is unfairly blaming Beijing: Chinese daily

By Our Representative
In a sharply-worded editorial, a top Chinese media outfit, described by BBC as state-run, has said, commenting on India's foreign relations with its neighbours, that "speculation and suspicion" is "certainly not diplomacy". Published in "China Daily", the largest circulating English Monday-to-Saturday newspaper with branches across the world, the editorial notes (September 20) that "several recent events" in Nepal and Bhutan, are "gnawing worrywarts in New Delhi".
The editorial -- which comes close on the heels of a sharp critique of India's foreign policy in a state-supported Russian media outfit, Sputnik International, calling India's anti-Pak diplomacy as having "gone awry" following Prime Minister Narendra Modi's "half-baked" push for anti-terror drill down "others' throat" -- says, the " worrywarts" include "Nepalese troops taking part in a joint…

Ahmedabad, GIFT, Adani city get 1.68 lakh acre ft Narmada water; Gujarat's rural areas just 4.27 AF: Letter to CM

Counterview Desk
Well-known farmer rights leader Sagar Rabari, in an open letter to Gujarat chief minister Vijay Rupani, has demanded a transparent account of Narmada water, saying, while he has received a "routine reply" from him to his earlier, the data emerging from his RTI application show huge quantity of water being directed to Ahmedabad, the 10 km stretch of Sabarmati for the Ahmedabad riverfront, and nearby elite urban areas, including the Adanis' Shantigram township and GIFT City.

Gujarat BJP MLAs, youth leader "incited" attack on North Indians: Cong releases video

Counterview Desk
Senior Gujarat Congress leader Shaktisinh Gohil, currently in charge of Bihar and national spokesperson, All-India Congress Committee, has sent a legal notice to chief minister Vijay Rupani threatening criminal case and civil defamation suit for accusing him with "baseless statement" that he was responsible for attacks on north Indians in Gujarat.

17 lakh Jharkhand elderly, widows, differently abled do not receive pension: Public hearing told, aadhaar is a hurdle

By Our Representative
Hundreds of elderly, widows, single women and differently-abled persons from different districts of Jharkhand gathered near the Raj Bhavan in Ranchi for a public hearing organized by the Jharkhand Right to Food Campaign and Pension Parishad demanding the right to universal social security pensions ahead of World Elderly Day on October 1.

Ethnocide in Caribbean island filmed following award winning docufilm on Jamaica's anti-colonial Indian roots

International awards winner for Best Feature Documentary Linda Aïnouche for “Dreadlocks Story” (2014), which shows how Indians are entangled in the Jamaican society, and how Hinduism was a source of inspiration for the Rastafari movement, is all set to release her new documentary, “Marooned in the Caribbean”, which aims at documenting the awful desolating living conditions that Raizal people, the native inhabitants of San Andres Archipelago, endure.
Sons of slaves, these islanders have fallen prey to what the Colombian government calls Colombianization. “It’s a process”, according to her, “which kills the Raizal culture; it’s the killing of the Raizal soul. Colombianization subjugates Afro-descendants of San Andres to an ethnocide.”

Explorer, director and producer, Linda Aïnouche writes exclusively for Counterview: ***
Nobody escapes from blood and thunder in Colombia, and definitely not in the archipelago of San Andres, situated closer to Managua and Kingston than Bogota. The Raizal p…

India to deport Rohingya refugees, as the world moves towards prosecuting Myanmar for genocide

By Tapan Bose*
Seven Rohingya Muslims refugees who were held at a detention centre in Assam since 2012 will be handed over to Myanmar. The Supreme Court of India has refused to stop their deportation. The new Chief Justice of India Ranjan Gagoi said, "We are not inclined to interfere on the decision taken".

An elite Kutir set up by Modi far from the "madding" crowd: This Gandhi museum is formal, unapproachable

By Rajiv Shah
Have you ever heard of a Gandhi museum, sough to be projected as the “largest” on the Mahatma, yet totally inaccessible, in sharp contrast to Ahmedabad’s humble, approachable and unassuming Gandhi Ashram on the banks of Sabarmati, set up by the Mahatma during the heydays of the freedom movement? It exists about 30 kilometres away, its idea was conceived by none other than a person who has today become even more inaccessible than he ever was: Narendra Modi, India's Prime Minister.

Accused of being RSS plant, Modi man, Hyderabad Urdu varsity chancellor asks President to probe "irregularities"

Counterview Desk
Refused entry in the Maulana Azad National Urdu University (MANUU), the central university's newly appointed chancellor Firoz Bakht Ahmed, who claims to be grand nephew of Maulana Abul Kalam Azad, has, in a letter to the President of India, said that MANUU vice-chancellor (V-C) Dr Aslam Parvaiz has accused him of being an RSS plant and a Modi man, whose sole aim is to "interfere in the working of the university".

Post-MJ Akbar resignation: #MeToo movement and fears of backlash

By Sheshu Babu*
For the last few days, #MeToo movement has picked up momentum and many women are coming out with horrific tales of severe harassment in their past lives. They are not afraid anymore to expose famous persons including those at ministerial levels. As a senior journalist Neeraja Chowdhury opined (“An exit, a beginning”, October 18, 2018, indianexpress.com), "The #MeToo revelations are like the eruption of a volcano which was imminent, given the journey working women have covered. It was not easy to make public what they had gone through,and take on powerful men.”

History less known: Kasturba's role as an independent woman and a freedom fighter in her own right

By Nandini Oza*
Even the most deserving of women do not find a place that equals their worth in history. Kasturba is one such woman whose contribution to India’s struggle for freedom has been exemplary, and yet, it has not received the recognition it deserves. Kastur Makhanji Kapadia was born in the year 1869, the same year and in the same town of Porbandar in Gujarat as Gandhiji. In fact she was older than Gandhiji by a few months.