Adani mine would be 'unviable' without $4.4bn in subsidies, report finds
by Ben Smee from Environment | The Guardian 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.
Continue reading...