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Galilee Basin gas pipeline sparks outrage among farmers who fear 300 families could be affected

Farmers are alarmed at the prospect of a new pipeline they say could lead to further development of gas fields across central Queensland s Galilee Basin. The planned project spans more than 500 kilometres to connect Galilee Energy Limited s Glenaras Gas Project near Longreach to Jemena s Queensland Gas Pipeline near Injune. Galilee Basin grazier Bruce Currie is worried about the industrialisation of his region and says the pipeline could impact the lives of 300 families. Galilee Basin grazier Bruce Currie (right) is worried about the industrialisation of his region and says the pipeline could impact the lives of 300 families This pipeline will inevitably aid gas companies who want to build sprawling fracked gasfields across the Galilee Basin, irreparably industrialising this iconic part of the outback with massive impacts on our grazing businesses that depend entirely on ground water, he said.

India s Biggest Bank Drags Feet on Controversial Coal Mine Loan

Top India Bank Drags Its Feet on Billionaire Adani Coal Loan Bloomberg 2 days ago Suvashree Ghosh, Alastair Marsh and P R Sanjai (Bloomberg) India’s largest bank hasn’t decided whether to help finance an Australian coal mine following mounting pressure from climate activists and investors, including BlackRock Inc. Two senior State Bank of India executives, who asked not to be identified, said the bank was dragging its feet on extending part of a funding line of as much as $1 billion to Adani Enterprises Ltd., which plans to use the money for the controversial Carmichael mine. The bank’s executive committee, which will make the final decision, hasn’t had discussions about the loan this year, the officials said.

North Bowen gas deals bolster case for missing link

North Bowen gas deals bolster case for missing link
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

Adani Enterprises signs mining contract for Gare Palma Sector II coal mine

5 April 2021 (Last Updated April 5th, 2021 09:21) Adani Enterprises (AEL) has bagged a new coal mining agreement (CMA) from Maharashtra State Power Generation Company (MAHAGENCO) for the Gare Palma Sector II coal mine in India. The Gare Palma Sector II coal mine was allocated to MAHAGENCO in 2015. Credit: Анатолий Стафичук from Pixabay. Share Article Adani Enterprises (AEL) has bagged a new coal mining agreement (CMA) from Maharashtra State Power Generation Company (MAHAGENCO) for the Gare Palma Sector II coal mine in India. As per the agreement, AEL and its wholly-owned subsidiary company Gare Palma II Collieries (GPIICPL) will develop and operate the Gare Palma Sector II coal mine.

Insurers have no choice: Stop backing projects climate-risky projects or drown

This article originally was published by Climate & Capital Media and is reprinted with permission. The climate crisis is increasing the frequency, severity and unpredictability of extreme weather, increasing claims and making it harder to predict risk. As premiums are driven up, more customers are dropping out of the insurance market and insurers’ customer bases are shrinking. Nowhere is this being felt more than in Australia, where the impacts of extreme weather, drought and bushfires are reaching Biblical levels. Over the last 10 years, the average home insurance premium in northern Australia has risen by 178 percent, according to the Australian Competition and Consumer Commission (ACCC). The commission also found that increasing insurance premiums are forcing 20 percent of people in cyclone-hit northern Australia to go without home insurance (compared with 11 percent elsewhere). This was caused by industry losses rather than price gouging, according to the ACCC.

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