The development of Adani’s Carmichael mine has always been sold as a job-creating venture. In fact it will be a highly automated mine, creating jobs mostly in the cities. A new report has found that the development of Carmichael and the subsequent development of the Galilee basin will cost about 12,500 jobs in existing coal mining regions and replace only two in three workers. Continue reading Adani will cost jobs
This is a guest post by blog commenter Geoff Henderson. It is particularly strong on the structure and standing of Adani as a company, and on the truly pathetic contribution the project would make to both jobs and the coffers of the state government in royalties. I’ve added some links of other recent material at the end. Enjoy!
A Four Corners program[1a] made serious claims about the Adani Conglomerate corporate profile in India. Credible allegations of bribery, corruption, money laundering, environmental destruction, tax/royalty avoidance and more were leveled at Adani.[1b] Continue reading The Adani Project: – is it good for Australia?
The Adani board has given the nod to the $16.5 billion Carmichael projects which would generate 10,000 direct and indirect jobs, with pre-construction works starting in the September quarter of 2017.
Yet there are some cautionary voices:
- The AFR has an article pointing out that they still have to find $3 billion for the $6.7 billion first stage of the mine, the rail and port project.
- Peter Hannan in the SMH says Adani’s ‘green light’ on Carmichael coal mine more mirage than reality.
- John Quiggin has a new post What is Adani thinking?
- Tesla founder and CEO Elon Musk has again set tongues wagging, this time with his declaration last week that his newly launched integrated solar roof tiles could actually cost less to install than a regular roof – making the renewable electricity they produce “just a bonus”. Continue reading Climate clippings 191