Article 4P5X0 Adani mine would be 'unviable' without $4.4bn in subsidies, report finds

Adani mine would be 'unviable' without $4.4bn in subsidies, report finds

by
Ben Smee
from on (#4P5X0)

Exclusive: Carmichael mine set to receive subsidies, favourable deals and tax concessions over 30 years

Australian governments will give $4.4bn in effective subsidies to Adani's Carmichael coal project, which would otherwise be "unbankable and unviable", a new analysis has found.

The report, by the Institute of Energy Economics and Financial Analysis, concluded that the project would benefit from several Australian taxpayer-funded arrangements - including subsidies, favourable deals and tax concessions - over its 30-year project life.

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