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Adani’s Carmichael mine is unlikely to go ahead, and most people know it

Summary:
That’s the headline on my latest piece in the Guardian, and sums up the content pretty accurately. A couple of key paras over the fold The people of Townsville have seen announcement after announcement of the project’s imminent start, beginning as long ago as 2015. In June 2017, the regional headquarters was opened with a statement of “final approval” and a promise to start pre-construction works. It was even said that Gautam Adani would be there to cut the ribbon. Sadly, the event was put off because of forecast rain. The sun returned, but Mr Adani did not. …. more argument on why everyone is shadow boxing on this …. [Nevertheless] Adani plays a crucial symbolic role in all this. If the Carmichael project went ahead, it would open up the entire Galilee Basin, with

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That’s the headline on my latest piece in the Guardian, and sums up the content pretty accurately. A couple of key paras over the fold

The people of Townsville have seen announcement after announcement of the project’s imminent start, beginning as long ago as 2015. In June 2017, the regional headquarters was opened with a statement of “final approval” and a promise to start pre-construction works. It was even said that Gautam Adani would be there to cut the ribbon. Sadly, the event was put off because of forecast rain. The sun returned, but Mr Adani did not.

…. more argument on why everyone is shadow boxing on this ….

[Nevertheless] Adani plays a crucial symbolic role in all this. If the Carmichael project went ahead, it would open up the entire Galilee Basin, with catastrophic consequences for the global climate. Conversely, a clear-cut victory over Adani would signal the end of new thermal coalmines in Australia and, before too long, globally.

John Quiggin
He is an Australian economist, a Professor and an Australian Research Council Laureate Fellow at the University of Queensland, and a former member of the Board of the Climate Change Authority of the Australian Government.

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