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$1bn for the Adani coalmine? Ordinary Australians understand economics better than Turnbull

Summary …

If Malcolm Turnbull does provide $1bn in taxpayer support to the Adani Carmichael coalmine via the Northern Australia Infrastructure Facility it will show that while the prime minister may have lost many things in the past 12 months, he has not lost his agility.

At 40km long and 10km wide, the size of the Adani coalmine is simply beyond most people’s comprehension.

The economic modelling commissioned by Adani themselves concludes that building the world’s largest coalmine in remote Queensland will “Crowd out” hundreds of manufacturing jobs as mines need people with similar skills and there isn’t time to train up new apprentices.

Despite the fact that Adani’s own economists have sworn under oath that the mine will create less than 1,500 jobs, the federal government, the Queensland premier and the Adani public relations machine all claim that the project would create 10,000 or more jobs.

There are more than 140,000 unemployed people in Queensland and the Queensland unemployment rate would remain well above the national average with or without the environmental devastation of the Adani Carmichael mine.

There is no doubt that the public wants action to create jobs, but there is also no doubt that the vast majority of the public would prefer that taxpayers’ money be used to do almost anything other than subsidise an enormous new coalmine.

The fact that the Adani mine is not economically viable without public subsidies should send a powerful signal to the conservatives in the Coalition that they are backing the wrong horse.

Read more here
Guardian

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1 Comment

1 Comment

  1. TV Resident

    April 13, 2017 at 4:02 pm

    The liberal party are just proving how stupid they are and that they will bend over backwards for ‘big’ business over and above everything else including the general public of Australia. Once these destructive mechanisms are in place there is no turning back environmentally. We have seen this demonstrated by previous mines, when they are supposed to return the land to as natural as possible they have just walked away and left the mess for the gov’t to clean up. And yet they will do the same thing again and again, it appears that they do not learn from their mistakes. When do we find out how much Adani has promised, if not already paid, the liberal party for this destructive, polluting mess???? not to mention OUR taxpayer funds being donated to such a filthy cause.

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