Published: August 28, 2019
Exclusive: Carmichael mine set to receive subsidies, favourable deals and tax concessions over 30 years
Australian governments will give $4.4bn in effective subsidies to Adani’s Carmichael coal project, which would otherwise be “unbankable and unviable”, a new analysis has found.
The report, by the Institute of Energy Economics and Financial Analysis, concluded that the project would benefit from several Australian taxpayer–funded arrangements – including subsidies, favourable deals and tax concessions – over its 30-year project life.
Continue reading...from The Guardian https://ift.tt/2LjMJQq
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