Adani kicked in the nuts, again

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From The Australian:

The latest legal challenge to ­federal environmental approval of Adani’s $16 billion Carmichael mine is likely to further delay the project by a year and could seriously threaten the future of the Australian resource industry if it succeeds.

The Australian Conservation Foundation yesterday filed the land­mark challenge to last month’s renewed approval, ­claiming that Environment Minister Greg Hunt had failed to consider the impact of “climate pollution’’ on the Great Barrier Reef from the touted 60,000 million tonnes a year of ­exported coal from the mega-mine.

…ACF president Geoff Cousins described the application for a Federal Court judicial review as the first of its kind in tying the ­production of fossil fuel to the ­nation’s obligations to protect the World Heritage-listed Great Barrier Reef.

…Queensland’s Resource Council and the state’s Environmental Defender’s Office, which is running the latest legal case, agreed the Federal Court review could take up to a year to resolve.

It’s a strange world in which the ACF has to force economic sense upon a Coalition government but, hey, bring it on.

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.