The financial case against Australia’s largest coal mine

Posted by Guardian: Jennifer Rankin on May 14th, 2015
Guardian: The case against building Australia’s largest coal mine has focused on the threats of runaway climate change and ruin of the Great Barrier Reef. But finances may yet prove the key. Leading economists and City analysts are baffled by plans from India’s Adani Group to build the A$16.5bn (£8.4bn, $13.2bn) Carmichael mine and Abbot Point port expansion – just as coal prices have collapsed. If the Carmichael project fails to convince investors, it could jeopardise plans for at least eight other......

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