The Palaszczuk government has, unsurprisingly, capitulated to the Adani corporation’s demands for a tax holiday. To avoid accusations of bias, they have offered the same deal to other new coal projects. If these projects go ahead, the implications for the planet are disastrous. But, at least in Adani’s case, there are plenty of reasons to doubt that this will happen.
It’s now clear that any “investment decision” by Adani will involve spending modest sums on land clearing and surveying. That’s enough to keep the option open and avoid writing off the money already spent on the project. But the real decision, which requires bank finance, appears to have been deferred from June 2017 to some time in 2018. The first shipments of coal aren’t expected until 2020.
My guess is that, before anything of substance happens in the Galilee Basin, Adani will be back with more demands (maybe a Danzig corridor). Sooner or later, they’ll make an offer that can be refused, at which point they’ll pull up stumps and send in the lawyers asking for compensation.
(Sorry for the absence of links, I’ve been reading different bits and pieces).