True Cost of Coal
AS a group, tourism operators have been slow to acknowledge climate change and the effect this is having on their businesses dependent on the Great Barrier Reef, but after two years of unprecedented coral bleaching and subsequent death of one third of the corals, they are speaking out.
A healthy Reef supports over 60,000 jobs, and contributes $6 billion to the Queensland and Australian economy.
The proposed Adani coal mine will contribute 7.7 billion tonnes of CO2 and be Australia’s greatest insult to the survival of the Great Barrier Reef.
The Adani project would also enable the opening of another eight huge mines in the Galilee Basin at a time when we need to keep global warming below 2 degrees.
Adani stock price has fallen
33 per cent so far this year as investors turn away from this destructive project.
The only ones continuing to champion Adani are our governments, with the Federal Government still planning a public taxpayer subsidy to Adani via the Export Finance Insurance Corp, even as public funding decisions by the Northern Australia Infrastructure Facility are being criticised for lack of transparency.
Malcolm Turnbull and the Federal Government must rule out public subsidy for this forsaken project, review approvals for the Adani mine, and accept that we must allow no new coal if we are to have any chance of avoiding catastrophic climate change. — Christine Carlisle,