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Tag: Adani
A research report published in the US this week cites numerous concerns with Adani’s business structure, accounting practices and its lofty valuation. Echoing Enron – one of the most spectacular corporate failures in recent history – the report even questions how Adani makes money, if at all. What’s the scam?
Source: Is Adani the next Enron? What’s the scam? – Michael West
Coal from the Carmichael mine in Queensland was supposed to alleviate poverty in South Asia but instead, it’s further entrenching deep energy inequality and debt in Bangladesh, according to a new report.
Source: Adani’s Carmichael mine worsening Asian energy poverty crisis
In correspondence between an employee and Dow regarding a query by Guardian Australia on available aqueous sources, it was suggested “we do not give [the paper] anything more than what is already on the public record from us. They are clearly struggling to work out where we are getting our water, so I don’t think we give them any further clarity.” Dow approved of the measure.
Source: Let the Vandalism Begin: Adani Strikes Coal – » The Australian Independent Media Network
With support from the Australian government, the Adani corporation is pushing ahead with an environmentally destructive coal mine in Queensland. But the traditional Aboriginal owners of the land, the Wangan and Jagalingou nation, are waging a determined fight to stop them.
Fighting Fake News with REAL,18/10/20; Morrison screws Victoria again; Britain following Dan, Jacinda riding High, $40B Over spend No! $90B on things we’ll never see; Labor’s Shame;
Let us be clear: as Australian domestic and export emissions head to 14-17 per cent of world emissions, we have a responsibility for many deaths from heatwaves, floods, storms and drought. Doctors regard Adani as a health issue and so will every other country.
Clearly, if the world is to avoid catastrophic global warming, all nations will need to share action and the recalcitrant ones will be targeted by those doing their humanitarian duty.
On being arrested, Clément said:
“That is very strange. It’s like they have something to hide, right? Because if you arrest a journalist and then you say to the journalist that he has to keep away from Adani’s sites, what’s happening on these sites?”
He may well ask the Queensland and Federal Governments what is happening. The approval processes allowing this mine are likely to become an educative international example of how not to manage the environmental, health, economic and industry needs of resource development.
via 
Having been unable to secure one single global financial institution to invest in its Carmichael proposal, Adani has turned to self-financing the project because it has guaranteed returns from the poor people of India thanks to these government deals.
via The Fix Is In: Adani hooks India’s poor and Australia’s taxpayers – Michael West
The Left-wing side is not exactly starved of media in all this commotion but does not match the engineered noise on the Right.
MEDIA STUNT PUSHING ADANIOutlets such as News Corp publications in the area are glad to assist with the noise-making, as demonstrated by the great newspaper “Adani” stunt held just before Easter, 18 April.Both the Brisbane Courier Mail and Townsville Bulletin confronted candidates from the major parties demanding a declaration for or against the contentious Adani coal mine proposal (‘Coal shoulder — convoy not welcome: 15,000 reasons to move on mine’, CM, 18 April 2019, pp1,4-5; ‘Stop mine games: give us the real story’, TB, pp1-3).
All said, the national broadcaster continues setting a standard for its comprehensive news and transparent coverage and, as an independent but public agency, for its accountability to all. Imagine the one-sidedness if they sold the ABC to private buyers.
Former Greens leader describes Murdoch media headlines as ‘a disgrace to journalism’
The Government lied on the back of the CSIRO’s scientific denials. Politics over land care. (ODT)
Adani’s key water management plan for its coal mine in Queensland was so flawed its outcomes were unreliable, scientists from the CSIRO warned federal Environment Minister Melissa Price’s department.
When Politics fucks the Enviroment (ODT)
Environment Minister Melissa Price has granted federal approval to the controversial Adani coal mine following intense pressure from her Queensland colleagues to sign off on the plan before the federal election.
Ms Price announced on Tuesday that she had approved the groundwater management plans submitted by the Indian mining giant after CSIRO and Geoscience Australia found they met scientific requirements.
The decision means the company has cleared the final federal hurdle for the project and now only requires Queensland Government approvals to proceed.
via Adani: Environment Minister Melissa Price signs off on controversial coal project
The ABC can now reveal the content of those documents, including a section Adani has fought for the past year to keep secret.
That section suggests that later on March 27, while Adani was applying for a last-minute extension to its temporary pollution licence, it appeared to know the water it was likely to dump would be so polluted it would breach the licence.
Wondering what’s happening with Adani?
Well there have been a few developments of late.
Adani’s original plan was to use the coal from the Carmichael mine in its own generators at the Mundra power plant in Gujarat, India. Except Adani Power Mundra is on the verge of bankruptcy.
Faced with mounting operational losses, they have already started scaling down generation from the Mundra plant. The average plant load factor in the January-March 2018 quarter dropped to 37%, from 73% a year ago.
Currently Adani Power has debts of about $US7.4bn, having lost $US927m last year and $US317m this year. They tried to give the government a 51% stake in the Mundra plant for a token amount of Re 1 but they weren’t interested.
via Shifting sands in the Galilee Basin – » The Australian Independent Media Network
Yesterday, AECOM, an international corporation with assets worth almost $6 billion, confirmed it had “demobilised” from Adani Group’s project, joining a growing list of partners and investors who have walked away from the venture.
Exclusive: Despite official denials, emails reveal discussions about the Indian company’s requests before ministers wrote to a Chinese agency vouching for the $16bn project
via Adani asked Coalition to help secure funding from China, FoI shows | Environment | The Guardian
But on Friday, Palaszczuk confirmed she would not object to Aurizon’s alternative railway line proposal, even though it is designed to serve Adani’s Carmichael mine as well.
Once developed, the three GVK Hancock holdings alone are expected to produce 90 million tonnes of coal a year for export.
Another major holder is Waratah Coal, which is owned by Queensland magnate and former federal MP Clive Palmer.
But none of the coal deposits can be developed without a means of transporting their product to the coast for export. So a railway line is crucial.
via Gina Rinehart and the Galilee | The Saturday Paper
Pauline Hanson struggled only marginally more successfully than Roberts to deny she was crushed by her party’s performance in the state election.
Queensland election: One Nation sags as Labor starts to party
“It is not the role of the Australian Government or its diplomatic missions to be involved as finance brokers for a very controversial project like this,” he said.”There needs to be an open and transparent process.”
Remember Kemlani and what happened to Whitlam (Old Dog) Loans affair – Wikipedia
Thousands of people gather at 40 locations across the country on Saturday as part of the Stop Adani Alliance
Source: Most Australians oppose Adani mine, poll shows, amid national protests | Environment | The Guardian
An investigation by the ABC’s Four Corners program uncovers previously unknown tax haven ties for Adani Group’s Australian operations.
India’s former environment minister says the Adani Group’s track record in India leaves a lot to be desired.
Indian journalist Gaurav Tyagi charts the rise of Adani, its links to corruption and its proposed coal mines in Australia.
Source: The ‘crony capitalist’: Understanding Adani — an Indian perspective
Exclusive: Allegations by Indian customs of huge sums being siphoned off to tax havens from projects are contained in legal documents but denied by company
The Anti-Adani protest has generated divisive anti-worker rhetoric. Preventative unemployment should be a key focus towards a post-coal world. This article discusses the importance of themes in the narrative towards a post-coal world and explores the approach to preventative unemployment policy.
Source: Post-Coal Theming and Preventative Unemployment – » The Australian Independent Media Network
You would think Adani would have given up on Australia’s biggest coal mine by now.
In a world where coal has no future, the proposed Adani mine should not be given serious consideration. Even if climate change were not a pressing problem, and even if thermal coal prices were to rise and stay high, the project would bring little benefit to Australia, writes Ian McAuley. Dear reader, I’m asking youMore
Source: A Reality You Can’t Dig Yourself Out Of – Adani’s Coal Mine Is A Dud – New Matilda
Alan Jones, one of the Coalition’s highest-profile media backers, says the Turnbull government is failing to learn from its mistakes and could benefit from an electoral thrashing.
Source: Alan Jones: Coalition deserves a smashing at the election because they need to learn
The proven track record of Adani in environmental destruction, human rights abuses, corruption and illegal dealings should sound a stern warning for any government looking to do business with Adani.
Source: The Adani Files
Indian authorities investigate Adani companies for siphoning money offshore and artificially inflating power prices in India.
I almost bought The Australian today, but I stopped myself and figured that I could either look it up on-line and if that failed, simply go back to the supermarket where I saw the headline about anti-coal activists driving India away and take a photo of the article with my phone. I mean, it was…
Source: Old King Coal And Adani! – » The Australian Independent Media Network
The Federal Environment Department says Adani likely made a mistake when it failed to disclose that its Australian CEO ran a mining company that pleaded guilty to environmental harm.
OOPS THEY DID IT AGAIN: The Turnbull Government just approved Australia’s LARGEST coal mine for the second time, after their initial approval was deemed to be illegal. They just don’t get global warming. The coal from Adani’s Carmichael mine would be equivalent to almost one quarter of Australia’s total greenhouse pollution – a climate disaster! This mega mine would also destroy 20,000 ha of native bushland, use 12 billion litres of Queensland’s precious groundwater per year and threaten the endangered black-throated finch with extinction. No vision, no heart, definitely no science. SHARE if you want a rapid transition to clean energy, not more coal mines.
Moments ago, Greg Hunt and Adani conceded defeat as the Federal Court overturned the approval for the Carmichael coal mine in a victory funded by thousands in the GetUp community.
It leaves Adani without an approval for the biggest coal mine in Australia, no approval for dredging in Great Barrier Reef waters, and no investors in sight.
Thank you to everyone who chipped in. And thank you to the incredible Mackay Conservation Group who ran the case.
We’ve just won a huge battle, but the war’s not over yet. The law states Minister Hunt must now reconsider the mine, and either grant a new approval or reject it forever. Can you spread the incredible news and tell Greg Hunt MP to reject the mine forever?
It leaves Adani without an approval for the biggest coal mine in Australia, no approval for dredging in Great Barrier Reef waters, and no investors in sight.
Thank you to everyone who chipped in. And thank you to the incredible Mackay Conservation Group who ran the case.
We’ve just won a huge battle, but the war’s not over yet. The law states Minister Hunt must now reconsider the mine, and either grant a new approval or reject it forever. Can you spread the incredible news and tell
olddogthoughts 