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The Federal Government is trying to turn the $5 billion Northern Australia Infrastructure Facility into a slush fund for new coal projects.

It is proposing to lend $1 billion to Adani for their massive Carmichael coal mine, which would open up the Galilee Basin, essentially meaning it’s “game over” for a stable long term climate.

Take action – tell the NAIF that you are opposed to having your money spent on new dirty coal projects that are environmentally, socially and financially irresponsible!

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To the NAIF and EFIC, I am writing to demand that no decision be made to approve finance to the North Galilee Basin Rail project, proposed by Adani. A recent Four Corners episode has laid bare Adani’s appalling environmental record in India, along with serious allegations of bribery, corruption, and tax evasion through the use of a complex corporate structure that involves offshore tax havens. There is nothing stopping Adani doing the same in Australia, siphoning off money to tax havens and showing a disregard for the environment. This has already taken place, after Adani was fined a paltry $12,900 for discharging wastewater into the Caley Valley Wetlands at Abbot Point and still chose to challenge that fine in court. I am also aware of a new report from the Institute for Energy Economics and Financial Analysis, showing how Adani’s entire Australian operations are financially risky. It is clear that a subsidy to Adani for the North Galilee Basin Rail project would be little more than a bailout of a company that has made a foolish decision to invest heavily in coal at the wrong time. It should not be the job of Australian taxpayers to bail out companies for their folly. You would be well advised to read this report and meet with its authors. Finally, and most importantly, Adani’s proposal to build the Carmichael coal mine would be an environmental disaster, impacting people along the entire corridor of mining, transport, export and combustion through impacts such as removal of groundwater for agriculture, air pollution, increased shipping and the risk of accidents in the Great Barrier Reef World Heritage Area, and then the impact from burning the coal on the climate. Allowing this project to proceed with public finance would add to the reputational damage Australia faces from allowing a project to proceed that would undermine the Paris Agreement on climate change, which aims to hold global warming to less than 2ºC. I urge you to withhold any provision of public finance to this environmentally and economically disastrous project.
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