If the Northern Australia Infrastructure Facility hasn’t got a risk policy yet, how can it be considering a $1bn loan for the Adani project?
We don’t yet know whether the $5bn Northern Australia Infrastructure Facility (NAIF) will be – as was alleged in parliament this week – a “slush fund” used to pursue the government’s “pro-coal agenda”.
But we do know some government ministers are absolutely determined to promote coal mining and generation – in particular the Indian conglomerate Adani’s $21bn Carmichael coalmine in Queensland – without a thought for how it will contribute to the global warming that is bleaching the Great Barrier Reef up and down the Queensland coastline and increasing the intensity of cyclones.
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Source: Guardian Climate Change