I honestly don't understand why we have had nearly ten years of pretending that the Adani Carmichael mine is viable.

Here's some really simple maths explaining why it just doesn't stand up financially:

1. Plan is for a 10m ton per year mine, rising to 20mtpa
Australia is on track to soon spend more on franking credit refunds to retirees who don’t pay tax than it spends on public schools. No, this debate isn’t over.
My prediction: franking credits is an issue that won't go away. Younger voters are horrified that tax concessions to the old and rich swung the election. This isn't settled.
There is systematic censorship around Manus&Nauru in the Aus media, that’s why the gov can continue this policy. BBC, CNN, AJ, France24, Time, WP, and many leading international media have reported the human crisis here, but only a few in Aus media have dared to.#auspol
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  • say what you like lucas dow (head of #adani mining) but the carmichael project will not deliver thousands of jobs and is not environmentally responsible.
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