‘Deeply irresponsible’: federal government loan for new Queensland coalmine criticised by campaigners
by Adam Morton Environment editor from on (#5KR4R)
Conservationists say Pembroke Resources mine will increase carbon emissions and wouldn't need public money if financially viable
The Morrison government has announced a $175m loan to help build a large new metallurgical coalmine in central Queensland, in a move conservationists have labelled deeply irresponsible".
Climate campaigners have said the loan from the Northern Australia Infrastructure Facility (Naif) to develop the $900m Olive Downs mine in the Bowen Basin was a bad idea". They argued the Pembroke Resources project would increase global carbon emissions by contributing to dirty" steelmaking and would not need public backing if it was financially viable.
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