The Adani project

THE ADANI PROJECT

The Adani proposed Carmichael coalmine in Queensland’s Galilee Basin has been a controversial and complex project.

Whether a particular project proceeds is a commercial decision and mining approvals are generally a matter for state governments.

Labor knows that conventional fuels will be an important part of our energy mix in the future.

I am opposed to the Turnbull Government’s plan to provide a $1 billion loan to the Adani Coal Mine to build a private railway line for the benefit of a multibillion dollar, multinational, coal company from India.

I do not support a $1 billion subsidy that will threaten the jobs of Hunter coal miners.

If the Adani coal mine stacks up commercially, then I welcome the jobs that it will provide in Queensland.

The best way to tackle climate change is to place a cap on pollution and use an emissions trading scheme to price in carbon. This way we cut pollution at the cheapest cost to the economy and put in place strong incentives for investments in clean energy.

Targeting individual coal mines is not the most effective means of tackling climate change. It simply demonises workers and communities dependent upon that industry. In terms of climate change, what matters is that we reduce our emissions and decarbonise our economy. If coal mines remain open while we do that and we have a strong emissions reduction target, so be it. If they cannot compete in a carbon constrained future, then we must look after the workers and the communities.

We also recognise that the growth in renewable energy, from reducing costs and improving technology, will continue to expand over the coming years.

Labor accepts the advice of scientists, and is committed to strong action on climate change, not only because it is good for the environment, but because it is good economics.

The Turnbull Government’s approach on climate change is being dictated by members of the Liberal Party who don’t think we need to act. Their policy is an expensive fig leaf and Mr Turnbull is too weak to stand up for what he knows is right. Australia deserves better.

Labor would be very concerned if the Federal Government was considering spending a fifth of the fund on one project. That would take money away from other vital job generating projects for Northern Australia.

© 2013 Pat Conroy | Disclaimer