Australias $1 billion loan to Adani is ripe for a High Court challenge
Indian mining giant Adanis proposal to build Australias largest coal mine in Queenslands Galilee Basin has been the source of sharp national controversy, because of its potential economic, health, environmental and cultural risks.
These concerns were amplified this week when Indias former environment minister Jairam Ramesh told the ABCs Four Corners:
My message to the Australian government would certainly be: please demonstrate that you have done more homework than has been the case so far.
Its a valid warning, considering that a Commonwealth investment board is considering loaning Adani A$1 billion in federal money to assist the development of mining infrastructure.
The loan, expected to be announced any day now, will no doubt agitate further political controversy.......