Giving away our Wealth
PREMIER Annastacia Palaszczuk is fond of referring to “my government”.
It is actually “our” government, as this is what is meant by democracy, that the government is voted in or out by the people.
The “my government” made a secret deal on coal royalties with Adani to the tune of $350 million, which was a surprise to the rest of the cabinet and the parliament, and flouted the 2015 advice of the Queensland Treasury Department which declared the Adani project “financially unviable”.
Clearly other banks and financial institutions agree, as Adani is unable to get finance, except, of course, from the Federal Government in the form of a $1 billion loan.
Anastasia Palaszczuk’s government is in collusion with the Federal Government to grant this loan in spite of her 2015 election promise that the mine had to stand up financially, and her criticism of the Newman government for throwing bucket loads of money at the project.
In supporting this unviable project, it is possible that Premier Palaszczuk is looking for a “silver shovel” media moment in digging the first clod.
She should order 10,000 of these shovels as this is the only way Adani can possibly provide the jobs in this highly automated mining proposal.
Adani is saying no to jobs, no to paying royalties for our coal, and no to the survival of the Great Barrier Reef.
Guatam Adani is, however, saying yes to our $1 billion.
The “my government” of Anastasia Palaszczuk should act in our best interests, they should veto the $1 billion loan, and reconsider the royalties deal.
We will all look pretty silly if taxpayers have invested so much in the Adani project and all they can manage is a small, government funded mine to power a big ego.
- Christine Carlisle