How One Billionaire Could Keep Three Countries Hooked On Coal for Decades

| January 9, 2020 | Leave a Comment

Item Link: Access the Resource

Media Type: News / Op - Ed

Date of Publication: August 15, 2019

Year of Publication: 2019

Author(s): Somini Sengupta, Jacqueline Williams, Aruna Chandrasekhar

Newspaper: The New York Times

Categories: , ,

SYDNEY, Australia — The vast, untapped coal reserve in northeastern Australia had for years been the object of desire for the Indian industrial giant Adani.

In June, when the Australian authorities granted the company approval to extract coal from the reserve, they weren’t just rewarding its lobbying and politicking, they were also opening the door for Adani to realize its grand plan for a coal supply chain that stretches across three countries.

Coal from the Australian operation, known as the Carmichael project, would be transported to India, where the company is building a new power plant for nearly $2 billion to produce electricity. That power would be sold next door in Bangladesh.

Adani’s victory in Australia helped to ensure that coal will remain woven into the economy and lives of those three countries, which together have a quarter of the planet’s population, for years, if not decades. This, despite warnings by scientists that reducing coal burning is key to staving off the most disastrous effects of climate change.

Read the full article here. 

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