Australian and Chinese major banks have ruled out Adani as bad investment

Every major bank in Australia has ruled out funding for Adani and now two of China’s major banks have followed, says Andrew Bartlett, Greens Senator for Queensland.

“The banking sector knows this mine is a bad investment and will be an environmental catastrophe."

Shell and Arrow Energy have struck a deal without intervention from the Queensland government to push forward with the biggest coal seam gas development on the east coast.

Queensland Greens Senator Andrew Bartlett said:

“The deal between Shell and Arrow Energy when combined have given tens of thousands of dollars to the Labor Party is yet another example of the corporate stranglehold over politics Queenslanders are sick of."

“Premier Annastacia Palaszczuk should pull Labor’s support for this project."

Much has been said about the result of the Queensland state election last weekend—many times in this chamber and of course in many other places in my home state of Queensland. As with any election, there are many issues involved in shaping the votes of the millions of Queenslanders across that state. But, certainly, key amongst those issues is the Adani Carmichael mine.

Adani puts ex LNP and Qld Labor figures on the payroll

"The record Queensland Greens vote and the possibility of Greens Candidate Michael Berkman winning the seat of Maiwar has spooked Adani into hiring a lobby firm stacked with senior figures from the Liberal National Party and Queensland Labor," says Queensland Greens Senator Andrew Bartlett.

"The Queensland state election results prove that new coal projects are an economic, environmental, social, and now an electoral disaster,” says Australian Greens spokesperson for Mining & Resources and Senator for Queensland, Andrew Bartlett.

“Support for the two major parties fell to the lowest on record since 1904 because the people of Queensland are sick of politicians in the pockets of big business."

Greens Mining & Resources spokesperson Senator Andrew Bartlett visited Townsville today to discuss Chinese Government money financing the Adani mine.

“Labor, LNP and One Nation are lying to the people of North Queensland and now we have another example of why you can’t trust them."

“Let’s be clear: the Adani mine is a fake jobs con. It will create only a small number of permanent jobs, while putting tens of thousands of other jobs in regional Queensland at risk."