Taking Off
Adani Enterprises’ 16.5-billion-dollar Carmichael project – which has been in limbo for seven years due to environmental issues – has finally been given the go-ahead from the company board. Announcing the development, Chairman Gautam Adani said, “I am proud to announce the project has Final Investment Decision ( FID) approval which marks the official start of one of the largest single infrastructure – and job creating – developments in Australia’s recent history.” The project has been facing resistance from environmentalists who argue that it would cause damage to the Great Barrier Reef marine park in Northern Queensland. Although the company is still facing opposition from activists, Adani said they would “remain committed to the project”.