Date Time
Public money for Olive Downs coal mine is deeply irresponsible
In response to Resources Minister Keith Pitt’s announcement that the Morrison government will give $175 million from the Northern Australia Infrastructure Facility (NAIF) to support the Olive Downs coal project in Queensland’s Bowen Basin, the Australian Conservation Foundation’s Suzanne Harter said:
“While investors around the world are getting out of fossil fuels, and Australia’s banks are becoming increasingly unwilling to finance coal projects due to their clear climate risks, the Morrison government is using public money to support coal.
“It seems investment in Olive Downs would not hold up for other investors, yet the Minister and the NAIF board have decided it is an acceptable use of public money.
Federal government loans $175m to Queensland coal mine
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QRC welcomes federal investment in new steelmaking coal project near Moranbah
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