The Bull

Monday 18

February, 2019 5:09 AM



Adani won't affect emissions: Shorten

Adani won't affect emissions: Shorten

Labor Leader Bill Shorten says an Adani coal mine in Queensland wouldn't affect Australia's emissions, should it go ahead.

Share |

By AAP 22.11.2018 02:45 PM

Adani's proposed coal mine in Queensland would not worsen Australia's greenhouse gas emissions, according to federal Labor leader Bill Shorten.

When asked when there would be enough damage from climate change - such as harm to the Great Barrier Reef - to prompt Labor to block the mine, Mr Shorten said he didn't accept the proposition.

"I believe that our policies on renewable energy will actually reduce our emissions. The actual decision about Adani is not going to affect Australian emissions," he said after a speech on Thursday.

"The IPCC (Intergovernmental Panel on Climate Change) has made it clear that the way you take global action isn't through particular projects.

"So we are very committed to protecting the reef, we are very committed to taking action on climate change, and we've made it very clear that we won't put any taxpayer resources into the Adani mine."

His comments came as dozens of activists opposed to the Carmichael coal mine in the Galilee Basin rallied outside the Sydney event.

Others formed queues on Thursday morning outside Mr Shorten's Melbourne office and the offices of senior Labor MP Anthony Albanese in Sydney and Queensland Premier Anastacia Palaczszuk.

Brisbane-based Stop Adani activist Anne Gardiner said Labor's energy policy lacks credibility if it allows the Adani mine to go ahead.

"With the impacts of climate accelerating, the world just can't afford to mine and burn more coal or allow unprecedented volumes of water to be extracted from inland rivers and precious water basins," she said in a statement.

Mr Shorten has previously said there is still plenty of scepticism that the controversial project will ever proceed.

Adani, an Indian mining giant, revealed earlier this month it had scaled back its plans for the mine as it tries to stitch up funding for the project.

The original $16.5 billion Carmichael coal mine planned to export 60 million tonnes of thermal coal each year, but capital costs have now been scaled back to less than $2 billion for the first stage.

Archive
  • Trump to get update on China trade talks

    US duties on $US200 billion worth of Chinese imports are set to rise to 25 per cent from 10 per cent if no deal is reached by March 1 to address US demands

  • SA govt unveils Repat Hospital plan

    The South Australian government has unveiled its master plan to redevelop Adelaide's Repatriation Hospital.

  • US-China talks to boost Aussie market

    Australia's share market is tipped to open higher on Monday after optimism surrounding US and China trade talks.

  • The Week Ahead

    In Australia, the December quarter Wage Price Index release dominates the local agenda in the coming week.

  • ASX closes flat as more companies report

    The Australian sharemarket has managed to finish in positive territory as more companies reported earnings results.

  • Stocks to watch

    Stocks of interest at the close of trade on the ASX on Thursday, February 14.

  • Germany to let NATO use its cyber skills

    Germany is to join the ranks of NATO countries making its cyber warfare skills available to the alliance to help fight hacking and electronic warfare, officials said on Thursday.

  • Domain posts $156.4m loss as listings fall

    Domain's first-half loss has widened to $156.4 million after Sydney and Melbourne's stumbling property markets forced it to take a large non-cash impairment.

  • Farmer denies scaring vegans with gunshot

    A WA farmer who asked vegans to stop filming calves on his property and leave, then fired a shot into farmland, says he wasn't trying to scare them.

  • CommSec Daily Report Friday

    The local sharemarket is mostly flat so far in a choppy session of trade. The ASX 200 is marginally higher by 6 points or 0.1% to 6066 points towards lunch after trading in a narrow 18 point band...

Markets
Index: Points Change Percent

PLEASE SUPPORT OUR SPONSORS, AUSTRALIA'S LEADING BROKERS:



© Copyright TheBull.com.au. All rights reserved.