A report obtained by the ABC says coal prices will fall significantly and exports from Australia's biggest coal port will decline if Adani's Carmichael coalmine goes ahead.
If the coalmine went ahead, it would add 40 million tonnes a year to the market and global coal prices would fall by $3.80 to $65 a tonne.
Competition from the mine would reduce exports from the port of Newcastle by 11 to 12 million tonnes a year, which would lower the coal royalties NSW receives.
More than 7000 submissions were presented to the NSW Department of Planning after a lively march through Sydney’s CBD to protest against Santos coal seam gas mining that threatens the Pilliga Forest and goes against the wishes of the Gamilaraay traditional custodians of the land.
Narrabri gasfield threatens two precious water resources: the Great Artesian Basin and the Murray-Darling Basin.
The area of the Great Artesian Basin with the highest recharge rates is almost entirely contained within the Pilliga Forest.
Labor has backed away from supporting Adani’s proposed Carmichael coalmine. Previously, Labor leader Bill Shorten said he supported the project “so long as it stacks up”.
But on May 1, Labor’s energy and environment spokesperson Mark Butler warned it could hurt other coalmining areas. “It will simply displace existing coal operations elsewhere in Australia,” he told ABC News. “There will be jobs lost elsewhere in Queensland or there will be jobs lost in the Hunter Valley.
Australia’s largest energy company, AGL Energy, says Australia’s transition away from a coal-powered national grid to renewables will largely bypass gas, and shift straight to wind and solar.
As politicians and the gas lobby talk about the need to guarantee supply of gas, the company founded 180 years ago as the Australian Gas Light Company, says the combination of wind and solar and battery storage is already cheaper than new gas generators.
A new campaign to “Repower NSW with clean energy” was launched on April 19, organised by the NSW Nature Conservation Council (NCC).
Professor Lesley Hughes, from Macquarie University told the crowd that human-induced climate change over the past 50 years meant the “Earth is warming 170 times faster now than in the past 7000 years”.
Say what you will about the members of the Coalition government, but they have principles and they stick to them. In particular, the principle of working to destroy this godforsaken Hellhole of a planet as rapidly as humanly possible.
And so when, amid a growing campaign against Adani’s proposed Carmichael coalmine in Queensland, Westpac ruled out funding the mega-mine project, federal resources minister Matt Canavan did not hold back.
In a victory for the people-powered campaign against the Adani Carmichael coalmine, Westpac ruled out lending its funds to the corporation on April 28.
In a face-saving letter to Westpac employees, CEO Brian Hartzer talked up the company’s commitment to a net zero emissions economy and said its Third Climate Change Action Plan would help do this.
Residents from across NSW’s Southern Highlands packed the Exeter Hall on April 26, concerned about a proposed new coal mine — the first new mine in Sydney water catchment in more than 30 years. The meeting was organised by the NSW Department of Planning and Environment to discuss the environmental impact statement (EIS).
Hunter Valley dairy farmer Wendy Bowman, 83, who has battled for community rights against coal mining since the 1980s, has won the Goldman Environmental Prize. The prize is the world's pre-eminent environmental award for grassroots conservation, supporting individuals taking extraordinary actions to win victories against the odds.
Guests attending Westpac’s black tie 200th birthday gala dinner on April 8 were greeted by hundreds of protesters outside the event at Carriageworks in Redfern, who angrily denounced Westpac for not distancing itself from Adani’s proposed Carmichael coalmine in Queensland's Galilee basin.
Shaun Murray climbed some scaffolding and chained himself to the building, interrupting the dinner for 90 minutes.
The office of Queensland Deputy Premier Jackie Trad was occupied for 11 hours on April 4 by Galilee Blockade grandparent activists. As Infrastructure Minister, Trad has the power to veto the Northern Australia Infrastructure Facility loan funding to Adani (or Aurizon) for the development of rail links, which are essential for the coalmine to go ahead.
Thousands of people turned out to packed out and sold out #StopAdani roadshow meetings in Brisbane, Sydney, Canberra and Melbourne between March 28-31. The enthusiastic response is a tangible demonstration that the Adani Carmichael coalmine project can be defeated.