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The Premier Promised That Taxpayers Would Not Be Forced to Prop up Adani’S Carmichael Coal Project

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The Premier Promised That Taxpayers Would Not Be Forced to Prop up Adani’S Carmichael Coal Project The Premier promised that taxpayers would not be forced to prop up Adani’s Carmichael coal project Annastacia Palaszczuk, ABC PM, January 21 2015 ...what we’re seeing at the moment is Campbell Newman throwing a bucket of taxpayers’ cash - and we don’t know how much that is: is it $400 million or $500 million? - at one particular company...So the Government is doing the wrong thing here by Queensland taxpayers by picking a winner and picking losers. It needs to stack up financially. It needs to be commercially viable and the market should decide that.1 Premier Annastacia Palaszczuk, ABC Radio National PM, July 1 2015 That’s a matter for Adani...The development of the Galilee Basin means jobs, but the projects must stack up financially and theQueenslander taxpayers’ money is not going to be used to fund commercial operations.2 Premier Annastacia Palaszczuk, AAP, December 22 2015 Queensland’s government has warned Indian mining giant Adani it must finance the controversial Carmichael coal mine on its own. ‘There will be no taxpayers’ money going towards this project’ she said.3 Premier Annastacia Palaszczuk, media release, December 6 2016 We promised the people of Queensland, at the last election, that we would protect the Great Barrier Reef and Caley Valley Wetlands from disposal of dredged spoil from the Abbot Point port expansion. We also promised the Queensland Government, on behalf of taxpayers, would not fund project infrastructure.4 Matthew Stevens, AFR, May 23 2017 The government’s promise is that it will not fund the Carmichael project. The billion-dollar question Monday’s Cabinet meeting preferred not to answer is whether or not a decision to defer royalties represents a form of project funding. Frankly, it is hard to see that it doesn’t. Certainly, Adani seems to see it that way. ...There is simply no valid reason I can see that might justify Australian taxpayer subsidy for a new entrant to the Australian coal business.5 1http://www.abc.net.au/pm/content/2015/s4166092.htm 2http://www.abc.net.au/pm/content/2015/s4265585.htm 3http://www.sbs.com.au/news/article/2015/12/22/adani-must-fund-mine-qld-premier 4http://statements.qld.gov.au/Statement/2017/2/25/premier-invites-regional-mayors-for-adani-meetings-in-india 5http://www.afr.com/business/mining/adani-takes-brinkmanship-to-new-levels-20170523-gwbbhn Queensland Labor specifically promised not to support taxpayer funding for Adani’s rail line Annastacia Palaszczuk, Speech at Campaign Launch, January 19 2015 Labor will not support the financially risky plans by the LNP for taxpayers to fund a private company’s dredging operations at Abbott Point before its planned mine has proved to be commercially viable. Nor will we support the use of taxpayer funds to support a new rail line. In developing the export LNG industry Labor made sure private companies carried such costs not Queensland taxpayers and that remains our approach...I want to lead a government that puts the future of our reef beyond any doubt ‘Saving the Great Barrier Reef: Labor’s Plan to Protect a Natural Wonder’, Queensland Labor policy, January 2015 Queensland Labor does not support the Newman Government’s economically and environmentally risky secret deal to fund Adani’s dredging operation to secure their expansion of Abbot Point and the rail line construction for their proposed mine even before financial viability and surety has been secured. Labor will not spend taxpayer money to build a rail line for a private commercial project. As Adani Australia’s Chief Executive Officer has said “This project will stand alone on its feet always and every project is done on the economics of the project itself. Adani must ensure its project is viable in an open, competitive marketplace. Labor will not do any secret deals. Treasurer Curtis Pitt, Media Release, July 1 2015 ...we will be open with Queenslanders about the development of the Galilee. We will meet all our election commitments on this project, both in terms of the dredging project at Abbot Point and not making direct government contributions towards funding the railway. Minister for State Development and Minister for Natural Resources and Mines Dr Anthony Lynham, Media Release, March 15 2016 Dr Lynham said the Palaszczuk Government would continue to hold to its election commitments on the Adani’s Carmichael coal project, including the promise that “infrastructure will not be funded by Queensland taxpayers.” 6https://www.youtube.com/watch?v=dVxO7UcsziM 7http://statements.qld.gov.au/Statement/2015/7/1/statement-from-treasurer-curtis-pitt 8http://statements.qld.gov.au/Statement/2016/3/15/parliament-supports-adani-mine-approvals .
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