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Confident that Labor will honour environmental approvals for its coal mine - Adani CEO

Coal News - Published on Thu, 18 Apr 2019

Image Source: M&A Critique's
ABC cited, Adani Australia CEO Mr Lucas Dow, as saying that he does not believe a Shorten government poses a risk to the company's proposed Carmichael coal mine in central Queensland. He said that "I think [Federal Labor] has been crystal clear that if they are to form government they won't be in the habit of creating sovereign risk by ripping up the existing approvals." He said he was pleased by recent assurances given by Opposition Leader Bill Shorten and his Treasury spokesman Chris Bowen.

Mr Dow said that "Mr Shorten and Mr Bowen have been at pains to say ... they won't be creating sovereign risk and potential compensation requirements."

The LNP's campaign in marginal seats in north and central Queensland has been critical of Labor's mixed messages on the Adani project, with billboards referring to "Labor's war on coal".

The LNP's member for Capricornia, Michelle Landy, said that "I have a coal miner running against me who can't say the words, 'I support Adani'. He's been shackled by his masters down in Brisbane and Canberra."

Her Labor opponent, coal miner Russell Robertson, said the LNP was engaging in a "crazy scare campaign".

Mr Robertson said that "I've worked in a lot of coal mines. If [Adani] wants to develop it, they should, but they should meet the necessary requirements of every other coal mine I've worked in."

Mr Robertson last week signed a pledge organised by the CFMEU mining union to support coal mining jobs and mining developments that meet regulatory requirements.

Adani's last federal environmental approval was granted just before the federal election was called, despite only qualified approval from the CSIRO.

The scientific body said it was "satisfied" with Adani's latest ground water modelling, "while also acknowledging there were still some issues that need to be addressed in future approvals, particularly confirming the source of the ecologically important Doongmabulla Springs".

Environment groups said the process rang alarm bells, with reports the Environment Minister was being aggressively lobbied by Queensland senators.

Christian Slattery, from the Australian Conservation Foundation, said that "We don't really know why these approvals were granted in such a rush. We have big concerns about the integrity of that process given that there was substantial pressure on the minister from other members of the Government."

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Posted By : Rabi Wangkhem on Thu, 18 Apr 2019
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