Calls for investigation into Adani's QLD assets

A GOVERNMENT investigation of Adani's Queensland coal assets is needed, experts and environmentalists say.

Greenpeace, Lock the Gate Alliance and the Institute for Energy Economics and Financial Analysis yesterday said state and federal governments must look into financial reports surrounding the Abbot Point Port ownership.

Indian billionaire Gautam Adani's central Queensland project is expected to create 10,000 jobs and add $22 billion to the state's economy.

The project is centred on mines in the Galilee Basin.

It includes a coal rail line running from the basin to Abbot Point Port, north of Mackay, and an expanded coal terminal at Carmichael to cope with the project's output.

Greenpeace said it was concerned by a Sydney newspaper's report suggesting the projects could be controlled by a network of companies run through the tax haven of the Cayman Islands.

Greenpeace Reef spokeswoman Shani Tager said an investigation was needed.

"It's critical that these explosive revelations are investigated before any of Adani's coal developments can proceed further," she said.

IEEFA energy finance studies director Tim Buckley said he was concerned about claims of "...lavish subsidies and alleged financial irregularities".

"It is critical that a detailed inquiry and investigation by state and federal agencies commences immediately to ensure that financial markets are being provided accurate information about Adani's proposed coal mine, rail and port projects in Queensland," Mr Buckley said.

Lock the Gate Alliance spokesman Drew Hutton said the new Queensland government should stop the Abbott Point development.

"There have been serious questions raised about the Adani operation in the Galilee Basin and Abbot Point for some time and the new allegations today should raise alarm bells across Queensland," he said.

Adani Mining could not be reached for comment.

- APN NEWSDESK



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