No probe into Adani coal plans
THE State Government has rejected calls for an investigation into the handling of Adani’s $ 16 billion Carmichael coal project, saying the criticisms relate to the LNP regime.
The North Queensland Conservation Council called for the investigation yesterday after releasing documents, obtained via Right to Information laws, showing the Department of State Development was working to inject up to $ 500 million of taxpayer money into the project despite concerns about its viability.
A spokesman for State Development, Natural Resources and Mines Minister Anthony Lynham said the issues related to the former Newman government’s approach.
“They do not reflect the views of the current Government,” the spokesman said.
“The Palaszczuk Government welcomes Adani’s significant investment in Queensland in the Carmichael coal project but as this is a private sector project it remains for Adani to demonstrate the financial viability of its project,” he said.
The spokesman said the Government would meet all its election commitments in terms of organising a dredging project at Abbot Point and not making direct Government contributions towards funding the project’s railway line.
NQCC spokesman Jeremy Tager said the Government must heed the warnings about Adani’s finances and probe why the Department of State Development had been so willing to risk public funding.
“It appears the Department of State Development went rogue, ignored Treasury’s calls for proper due diligence and actively excluded Treasury and Prime Minister and Cabinet from critical information, while arranging for taxpayers’ money to be invested in Adani projects,” Mr Tager said.