Adani coal mine petition - threatens Great Barrier Reef

Carmichael coal project “critical infrastructure”

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robert99 Sweden • Posts: 1360

1 12 Dec 2016

https://secure.avaaz.org/campaign/en/australias_epically_stupid_plan_loc_new_use_me/?bYvrdjb&v=85177&cl=11265266555&_checksum=af5ad87a3171e39780748808ce170a9eb740ad5f9e9ea3aa2760a39f935f413c
They're trying to put a toxic coal complex next to the magical Great Barrier Reef! It’s a crazy plan, but we’ve got a chance to stop it.

The Australian government wants to give $1 billion to build a massive coal complex that could destroy the sea floor home of turtles and tropical fish. But first an independent panel must approve the loan, and they’ve never come under public pressure.

It’s time to make them feel the heat. Let’s put this reef-killing deal in a global spotlight with a million person petition and a massive campaign in the Australian media — add your name:
see https://secure.avaaz.org/campaign/en/australias_epically_stupid_plan_loc_new_use_me/?bYvrdjb&v=85177&cl=11265266555&_checksum=af5ad87a3171e39780748808ce170a9eb740ad5f9e9ea3aa2760a39f935f413c

The Reef is one of our planet’s natural wonders but it's dying fast. Scientists say it’s literally being cooked to death by waters warmed by climate change. This coal complex is so gigantic it will make warming worse - for the reef and all of us!

The Australian government is desperate to create jobs, but reports show the coal complex will cost $680,000 in taxpayer money for each new job created. It's an epically stupid plan.

This is a do or die moment for the reef-wrecking coal complex: the company behind it is buried in debt, and without this loan their finances could fall apart. Let’s stop the reef-killing deal — add your voice now: see https://secure.avaaz.org/campaign/en/australias_epically_stupid_plan_loc_new_use_me/?bYvrdjb&v=85177&cl=11265266555&_checksum=af5ad87a3171e39780748808ce170a9eb740ad5f9e9ea3aa2760a39f935f413c

more info at https://www.theguardian.com/business/2016/dec/03/adani-coal-mine-green-groups-fume-over-plan-for-1b-federal-loan

see http://www.news.com.au/national/protesters-rally-against-queensland-mega-mine-as-pm-malcolm-turnbull-meets-adani-boss/news-story/a3c2e1568472be5ea6df198e65b0cc82

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Jim-Respo Ukraine • Posts: 1

2 31 Dec 2016

Why not spend the $1 B on a solar powerplant? Zero emissions, electricity to power the world, + Oz got tons of sunny days/year. Or use power locally to desalinate water, e.g.

robert99 Sweden • Posts: 1360

3 20 Feb 2017

http://www.smh.com.au/business/the-climate-bombshell-the-politicians-didnt-touch-20170219-gugn0r.html
If the ABC's Insiders program and the federal Environment and Energy Minister, Josh Frydenberg, are any guide, Canberra hasn't yet grasped the importance of the speech by APRA executive board member, Geoff Summerhayes, to the Insurance Council of Australia forum.

In keeping with the Paris Agreement Australia has signed and the Financial Stability Board's (FSB) policy development, APRA leaves no room for climate sceptics. Both the obvious physical and perhaps less obvious "transition" risks of climate change are real and present dangers to the financial system APRA is charged with safeguarding.

Spare a thought here for the board of the Northern Australia Infrastructure Facility (NAIF) as it considers Adani's application for a billion-dollar loan to build a railway from the Galilee Basin to the Queensland coast. While being lent on by pro-coal government members, NAIF directors would do well to consider why Australia's banks seem to have no interest in financing the line. It's not just a green PR issue – it's the danger of being left with a stranded asset and directors being personally liable.