• Embracing the Paris Accord, India's Adani Gives Final Approval for $4 B

    From Leroy N. Soetoro@21:1/5 to All on Tue Jun 6 05:00:37 2017
    XPost: alt.global-warming, alt.solar.thermal, aus.politics
    XPost: alt.politics.trump, sac.politics

    https://www.nytimes.com/reuters/2017/06/05/business/05reuters-adani-ent- australia.html?_r=0

    SYDNEY — India's Adani Enterprises said on Tuesday that it has given final investment approval for the Carmichael mine and rail projects in
    Queensland.

    "The project has Final Investment Decision approval, which marks the
    official start of one of the largest single infrastructure and job-
    creating developments in Australia's recent history," Adani Chairman
    Gautam Adani said in a statement.

    The company has said the project, at an initial cost of $4 billion (3.10 billion pounds), would pay billions of dollars in royalties and taxes,
    create jobs and export coal to India help bring electricity to rural
    regions.

    (Reporting by Byron Kaye; Editing by Richard Pullin)


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