Mining

The majority voted against a motion introduced by Queensland Senator Larissa Waters (Greens), which means it failed.

Motion text

That the Senate—

(a) notes that:

(i) in August 2019, the Institute of Energy Economics and Financial Analysis (IEEFA) released a briefing note concluding that the Adani Group would receive over $4.4 billion in public subsidies from the Australian and Queensland Governments over the 30-year project life of the Carmichael thermal coal mine, including:

(A) a royalties holiday deal with the Queensland government, the details of which are due to be announced by 30 November 2019,

(B) fuel tax credits, which IEEFA estimates equate to $2.4 billion over the 30-year life of the project,

(C) billions of litres of water, and

(D) various corporate tax breaks, and

(ii) the IEEFA conclude that the Adani Carmichael thermal coal mine project would not open nor survive without billions of dollars in subsidies; and

(b) calls on the Federal Government to:

(i) recognise that the Adani Carmichael mine would not be viable without significant taxpayer support, and

(ii) withdraw its subsidised support of the project.