Adani coalmine at heightened risk of becoming a stranded asset, report says

Carmichael project likely to be ‘cash flow negative’ for most of its operating life, according to Institute for Energy Economics and Financial Analysis

The risk of the controversial Adani Carmichael coalmine becoming a stranded asset has increased in the last 12 months, according to a new report.

The Institute for Energy Economics and Financial Analysis (IEEFA), says the Carmichael project is likely to be “cash flow negative” for the majority its operating life, even with concessional loans.

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Source: Guardian Climate Change