by Ben Smee on (#4P5X0)
Exclusive: Carmichael mine set to receive subsidies, favourable deals and tax concessions over 30 yearsAustralian governments will give $4.4bn in effective subsidies to Adani’s Carmichael coal project, which would otherwise be “unbankable and unviableâ€, 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...