It's our ABC right? Let's get Four Corners to investigate Adani's financial viability

It's our ABC right? Let's get Four Corners to investigate Adani's financial viability

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Evan Morony started this petition to Ita Buttrose and

Sign this petition to get "Our ABC" working for us by having Four Corners investigate Adani's financials.

Adani has acted bullishly to prevent the ABC from running a story on the financial feasibility of the proposed Adani Carmichael mine. 

The environmental costs are untenable and now it is being put forward that the financials don't add up either. Without the benefit of thorough impartial investigative journalism how can we know that this project isn't going to go belly up? All national and international lenders have said no. The chance of getting the project insured is low. It will take a 2 billion dollars to fund it to production and will only bring in around 150 million a year. 

The choices are that it will be funded privately by the big boss Gautam Adani at a 7.5% return meaning 13 years before any real return can be made, if you factor compound interest on the 2 billion investment it could do as well sitting in a bank.

Or will it be a collaboration with the unscrupulous Clive Palmer who holds the tennemants next door? Maybe a request for tax payers money? Who knows? Not us and that is why we need the ABC to shed light on this.

Do we really think demand for coal is going to be so high in 2034 as to maintain this investments feasibility? 

Thanks for the picture Ian Sutton Caley Wetlands under Creative Commons license.

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