Business Standard

Great Barrier Reef pitted against coal jobs in Aus vote

- JASON SCOTT & PERRY WILLIAMS 22 November BLOOMBERG

The fate of Adani Group’s A$16.5-billion ($12.4-billion) Australian coal mine hinges on weekend elections in Queensland state, as voters weigh the promise of new jobs against a potential environmen­tal threat to the Great Barrier Reef.

The Labor government has vowed to reject A$900 million in federal funding for a new rail link, which is needed to carry coal to the coast for export. The Opposition Liberal National Party, vying to win office in Saturday’s ballot, says that threatens the viability of Indian billionair­e Gautam Adani’s project, and with it the economic future of the resource-rich state.

As the world grapples with the fossil fuel’s role in the future energy mix, the proposed Carmichael mine has become a defining issue in the election. Opinion polls indicate the result is too close to call.

“This is the biggest specific issue in the election and the way voters perceive the mine will swing a lot of votes,” said John Quiggin, an economics lecturer at the University of Queensland. State Premier Annastacia Palaszczuk’s vow to block funding means Labor is “now seen in the anti-Adani camp,” he said.

Supporters say the mine will open up the Galilee Basin, a coal-rich region bigger than the UK, and create thousands of new jobs in the struggling state. Queensland, hit hard by the end of a decade-long mining-investment boom, has the nation’s second-highest unemployme­nt rate.

Opponents say Australia’s largest coal project would increase carbon pollution, exacerbati­ng coral bleaching that’s already damaged large swathes of the reef. Adani has repeatedly rejected concerns that the project or cargo vessels carrying coal exports to its Indian customers could damage the world’s largest living structure. “The mine is 400 km inland from the reef,” Ron Watson, a Brisbaneba­sed spokesman for Adani Australia, said. “There has not been one incident in the Great Barrier Reef Marine Park in 50 years. The only threat to the reef is those who throw around wild accusation­s.”

Watson declined to comment specifical­ly on the federal funding issue or the state elections and said Adani continues “to target first production in 2020.”

Adani has repeatedly rejected concerns that the project or cargo vessels carrying coal exports to its Indian customers could damage the Great Barrier Reef

 ?? PHOTO: REUTERS ?? A protester holds a sign as he participat­es against Adani’s coal mine project in Australia
PHOTO: REUTERS A protester holds a sign as he participat­es against Adani’s coal mine project in Australia

Newspapers in English

Newspapers from India