Environment Groups' Concerns Over Adani Project 'Exaggerated': Australian Minister
Melbourne: Rebutting concerns raised by environmentalists on the approval of the $16.5-billion coal and rail project of India's Adani Mining in Queensland, Australia's environment minister Greg Hunt on Tuesday said the claims about its impact on Great Barrier Reef were "exaggerated".
According to media reports in Melbourne, Mr Hunt, while insisting that the project would not have a big impact on the reef, said, "Environmental groups such as Greenpeace are exaggerating the impact on the reef. It is casual, uninformed and it's false and untrue."
He commented that the mine's predecessor, Alpha Mine, was approved by Labor state and federal governments and environmental groups were less critical then.
"I think all that was said by Greenpeace was unfortunate, so it appears there is one ruling for a Labor decision another rule for a Coalition Government decision," he said.
Environmentalists have raised strong concerns about dredging and dumping at the Abbot Point which is said to be a risk to the reef.
According to Australian Conservation Foundation, Adani's coal export proposals will require construction of a coal export terminal on the Great Barrier Reef coastline at Abbot Point.
"Though these port facilities have received Federal approval, they are being delayed by legal challenges brought by local community groups, with two cases currently in the courts," the foundation said in a statement.
"In June, the World Heritage Committee said the Carmichael/Abbot point project could threaten the World Heritage status of the world-renowned and much-loved Great Barrier Reef," it added.
According to Greenpeace Australia, Mr Hunt gave the go-ahead to port expansions despite warnings from the Great Barrier Reef Marine Park Authority and UNESCO that the development would place the reef in danger.
However, Mr Hunt said the approval to Adani's Carmichael Coal and Rail Project in Galilee Basin came along with 36 "strict" conditions focused on conserving groundwater.
On concerns that Adani will take too much water out of the local water supply, Mr Hunt said Adani would return a minimum 730 mega liters of water to the basin every year for 5 years.
He said final water modeling will be done during the course of the project.
"It can't proceed without that. But all up, what we are seeking to do is to ensure there is minimal - if any - impact and that is where the 730 million liters comes in," he said adding, "It is about making sure that we are making good on the overall issues."
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.