I swore off big yellow grader posts a while back, but I can’t resist. Adani’s head of communications, Kate Campbell, has a piece in the Mackay Mercury (paywalled, but I found it on PressReader) getting stuck into the Institute for Energy Economics and Financial Analysis (IEEFA).
The article is full of attacks on IEEFAs ties to the Rockefeller Family Foundation and similar lefty groups. But what struck me was the photo, which was supposed to show that Adani had indeed started work.
Readers with long memories will recall that this same picture was posted back in January.
Rather than bagging out IEEFA, perhaps Ms Campbell could organize some new publicity shots, showing how Adani Australia is spending the $2 billion it has supposedly received from its parent company.
In related news, Axis Capital has withdrawn a bid to insure the Carmichael rail line. That’s interesting as another step towards decarbonizing finance, but even more so because Adani has been insisting since last year that it has insurance in place.
With the price of thermal coal falling steadily, this project makes less economic sense than ever (it’s always been an environmental disaster). It remains to be seen whether Adani will go ahead on his own, or whether one of the governments his cronies control will tip in more public money