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There are better things to spend $1 billion on than the Adani coal mine

TJ Ryan Foundation Board member, John Quiggin, comments in the Brisbane Times (20.5.17) on the economic and environmental arguments stacking up against the proposed Adani Camichael coal mine in central Queensland.

'Ever since taking office, the Palaszczuk government has been walking a tightrope with respect to the Adani Group's proposed Carmichael mine in the Galilee Basin.

'On the one hand, it's obvious that the project is both environmentally disastrous and economically dubious. The government has been keen to avoid putting public money into this mess. On the other hand, if the project falls over, as still appears quite likely, the government is keen to avoid the blame.

'The supposed benefits of 10,000 jobs and billions of dollars in royalties make an appealing case to voters at any time and particularly with the mining boom on the edge of failing.

'For most of the past 18 months, the government has managed the tightrope act successfully, but now it appears to be on the verge of falling. Adani is pushing for a 'holiday' from royalties, which might last as long as nine years. The project may go ahead if the government accepts, but the promised benefits to the Queensland public will disappear into the never-never.'

 

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