Adani’s coal project in Australia may take off | 2019-05-21 | daily-sun.com

Adani’s coal project in Australia may take off

20th May, 2019 10:29:43 printer

SYDNEY: A surprise election victory for Australia’s pro-coal ruling Coalition is ratcheting up pressure on the Queensland state government to approve development in one of the biggest untapped reserves of the fossil fuel.

Adani Group’s Carmichael coal project is located in Australia’s huge Galilee Basin, which if fully developed, has the potential to more than double Australia’s thermal coal exports. But the project, first proposed in 2010, has been hampered by regulatory delays and difficulty in securing financing amid a passionate environmental protest movement, report agencies.

The tide may now be turning. The opposition Labor Party, which fought on a platform advocating tougher action to combat climate change, fared poorly in Queensland, especially in mining communities in the north of the state. Meanwhile, the Labor state government has been accused by the Indian company of putting roadblocks in the way of the project and will itself face voters in 2020.

“It’s an issue that they’ve tried to walk a tightrope on for quite some time,” said Chris Salisbury, a professor at the School of Political Science and International Studies at the University of Queensland, referring to the Queensland Labor party. “It might be getting to crunch time now.”

Adani has federal approval to move forward, but the state government has still to sign off on two of the company’s management plans that have been slowed over environmental concerns, with consent required before work on the project can start.


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