Australian Government to Subsidise Building World's Largest Coal Mine  

Posted by Big Gav in

I think it is fair to say that Malcolm Turnbull has been a total disappointment in his time as Prime Minister - Turnbull government eyes $1 billion Adani loan backed by new infrastructure fund.

Environmental groups were outraged by reports the government was moving closer to granting the $1 billion loan. Tim Buckley, analyst at the Institute of Energy Economics and Financial Analysis, said Australian taxpayers should not give "subsidies to foreign billionaires", despite the 1500 jobs that could be created by the mine.

"If you were to provide a billion dollars for solar projects across Australia you would probably create 3000 jobs," Mr Buckley told Fairfax Media. "It's farcical that they're paying out a foreign billionaire and they're doing it into structures that are clearly in tax havens."

1 comments

Anonymous   says 3:41 AM

Hi,

I like to read your blog regularly.

Something is bothering me in this article: if you look at the figures, instead of spending $1 billion in subsidies to create 1500 jobs, the government could afford to directly pay 1500 people idling during 20 years with the same amount !

Regards

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