Construction of Australia’s Largest Coal Mine Put on Hold
A planned $12.3 billion coal mine in Australia has been “deferred” for now, a major victory for climate activists and conservationists trying to protect the nearby Great Barrier Reef. The Carmichael coal mine would have reportedly created as many as 5,000 construction jobs, but a study published last week found that it would have doubled Australia’s carbon emissions. The Queensland government had offered Indian billionaire Gautam Adani a “royalties holiday” subsidy that would have saved his company hundreds of millions of dollars, making it a potentially lucrative endeavor, but growing resistance to that tax scheme seems to have paved the way for Adani to pull out—at least for now.
