Quote:
Originally Posted by AussieTrooper
4: Gain from these mines (for India) is temporary, damage (for Australia) is permanent.
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Damage for the whole world is permanent!
I find it incredible that at precisely the same time that the Federal Government is shutting down subsidies for renewable energy, here we are looking at subsidising a coal mine to the tune of $1 billion, all based on totally incredible estimates of the number of jobs that will be created.
Fact check: Will Adani’s coal mine really boost employment by 10,000 jobs?
http://www.theaustralian.com.au/busi...63c74e45f4d7c7
If Adani can't raise the full project finance through normal commercial channels, doesn't that in itself tell you all you need to know about the economic viability of the project?