Mining giant Adani鈥檚 plan for a mega coalmine in Queensland鈥檚 Galilee Basin was dealt a near death blow on August 5 when the Federal Court set aside approval for the Carmichael licence.
The mine, if built, would be Australia鈥檚 largest, exporting up to 60 million tonnes of coal from the Great Barrier Reef coast every year. The federal environment minister gave the $16.5 billion mine and rail project approval in July last year. The current and former Queensland governments have been gung-ho in their support for the mine.
Commonwealth Bank of Australia (CBA)
US gangster Al Capone once said: 鈥淐apitalism is the legitimate racket of the ruling class.鈥 19th century US president Thomas Jefferson said: 鈥淏anking institutions are more dangerous to our liberties than standing armies.鈥
Australia鈥檚 big banks would like you to think they care about climate change and the environment. But don鈥檛 believe them.
A new report by Greenpeace Australia has revealed the 鈥渂ig four鈥 鈥 Westpac, ANZ, Commonwealth and NAB 鈥 are investing billions of dollars in Australia鈥檚 dirty coal boom.
Burning coal for energy is Australia鈥檚 single biggest contributor to climate change, making more than a third of the country鈥檚 greenhouse gas pollution. Australia is also the world鈥檚 biggest coal exporter 鈥 and the export trade is growing fast.
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