(Cross-posted from my Greens candidate blog site here) The purchase by Indian tycoon Gautam Adani of the Moray Downs cattle station and his announcement of plans to build the largest ever open-cut and underground coal mine complex in Queensland’s Galilee Basin will be seen as good news by some. But the idea of digging this mine and building its company town and airport is economically foolish and environmentally irresponsible.


Such a plan – if it sees the light of day – would bid up regional prices, put more pressure on the dollar, suck up capital and skilled labour already in short supply, attract more taxpayer subsidy of diesel fuel, require the creation of yet more rail and port infrastructure, impose additional risks of shipping and other accidents, attempt to establish a new community in a remote region on the back of a sunset industry, and send profits overseas. In India it would enrich the business elite and undermine efforts to grow India’s new economy with distributed, local, clean energy.
It’s irrational from a long-term economic perspective, and – setting aside any local environmental effects – it would pump out through India’s power plants and blast furnaces yet more Queensland-made greenhouse gases into a warming world.
Indooroopilly voters , like others in the cities, may think that plans to double Queensland’s coal exports have no effect on them, but manufacturing, higher education, parts of agriculture, tourism and other dollar-sensitive export sectors are already hurting from the high dollar created by the resources boom, and area businesses cannot compete with mining for skilled tradespeople such as electricians, fitters and mechanics. Plans such as this will make matters worse.
Let’s vote next month for candidates who will ask the hard questions about such deeply flawed economic “planning”.






