Adani's Carmichael coalmine doesn't meet infrastructure fund criteria, says Greenpeace
by Michael Slezak from on (#261QQ)
Analysis says $1bn of commonwealth funding would amount to paying $683,000 for each job generated
Adani's coal infrastructure should not be given money from the Northern Australia Infrastructure Fund since it does not meet at least two of the mandatory criteria, according to analysis by Greenpeace.
In addition, despite the NAIF granting "conditional approval" for $1bn of commonwealth financing for a rail link between Adani's Carmichael mine and its Abbot Point coal terminal and insisting it is "ready and able to make decisions" about funding, the NAIF has told Greenpeace it had not yet finalised its policies and guidelines for considering the funding criteria.