Adani farce enters end game

Friday, 16 October 2015

Australian governments just can’t get enough coal, even when it means getting less of it. From the ABC:

The Federal Government has given mining giant Adani re-approval to build the massive Carmichael coal mine, subject to “36 of the strictest conditions in Australian history”.

Environment Minister Greg Hunt signed the papers on Wednesday, giving the Indian mining firm the green light for the $16 billion mine and rail project in remote central Queensland.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.