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November 30, 2021

Adani corruption investigation is the last straw

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We learn this week that the Indian company, Adani, which is extracting coal at the great Barrier Reef is to be charged by the Indian Government with crime and corruption. Adani has been accused of also utilising offshore havens.

Australians are well aware of the great tragedies surrounding the health of the Great Barrier Reef. They are also aware that the Turnbull government has promised a billion dollars of taxpayers’ money to support the infrastructure of Adani.

Given these facts I now wait with bated breath to see what Mr Turnbull and his government will do with taxpayers money. Will he have the guts to stand up to this company with a principled representation on behalf of all taxpayers, or will he keep peddling backwards with inane ‘polly-speak’?

More to the point when the global movement is now divesting/investing in alternative technologies will the Turnbull government keep up the old white boys (with big bellies) sham?

If Adani gets the billion dollars we can say that we are all well and truly…(that rude word.)…in Australia to say nothing of the environment!

Lets hope Turnbull has the guts to reject this project given the current situation.

 


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1 COMMENT

  1. We would do well to follow the questions of corruption relating to Adani, even though they may not appear to be directly related to the environmental issues that would concern Echo readers. Any mining in Australia has to be done with in environmental legislation. The compliance with that legislation rests in part on the companies having a culture of good governance and respect for law, backed up by monitoring systems and good record keeping – all requirements too of prevention of financial corruption. Much environmental damage, like financial corruption, has been done in the third world because the corporate culture and governance frameworks do not support compliance. Adani should of course be given the opportunity to show it is a good corporate citizen, and as always with foreign investment we need to ensure we provide the sort of prompt clearance for investments and environmental approvals that makes Australia so attractive for investment, but the bottom line remains that companies that are at risk of not meeting our standards of fiscal probity and environmental protections should not be allowed to operate in Australia, and certainly should not be supported by the Australian government.

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