Mining magnate, Gautum Adani has reportedly gone cap in hand to Prime Minister Malcolm Turnbull to ask for changes to the law to prevent activists from opposing environmental approvals for major projects.
Indian mining conglomerate, The Adani Group acquired the rights to develop the $15 billion coal, rail and port project in Galilee Basin of Queensland but the project has been vehemently opposed by the local Indigenous community and environmental groups.
The project, believed to be the world’s largest coal reserve, has been the subject of ongoing legal action preventing the group from raising money.
To date, Queensland Treasury and several of Australia’s major banks have turned their backs on the controversial project despite its size and global fossil fuel supply potential.
Formal opposition to the project has delayed the start by more than 18 months during which the price of coal plummeted.
Mining magnate, Gautum Adani has reportedly gone cap in hand to Prime Minister Malcolm Turnbull to ask for changes to the law to prevent activists from opposing environmental approvals for major projects.
The Adani Group acquired the rights to develop the $15 billion coal, rail and port project in Galilee Basin of Queensland but the project has been vehemently opposed by the local Indigenous community and environmental groups.
The project, believed to be the world’s largest coal reserve, has been the subject of ongoing legal action preventing the group from raising money.
To date, Queensland Treasury and several of Australia’s major banks have turned their backs on the controversial project despite its size and global fossil fuel supply potential.
Formal opposition to the project has delayed the start by more than 18 months during which the price of coal plummeted.
Image: Gautum Adani (supplied)