The Chagos Archipelago is one of the most remote, seemingly idyllic places on Earth. Coconut-covered sandy beaches with incredible bird life rim tropical islands in the Indian Ocean, hundreds of miles from any continent. Just below the waves, coral reefs stretch for miles along an underwater mountain chain.
With two major financial backers withdrawing support, and a federal court revoking its license, Adani’s proposed Carmichael mine appears to be sunk. (Photo: Richard Ling/cc/flickr)
Fierce environmental activism is being blamed—and credited—with spurring the potential demise of Australia’s controversial Carmichael coal mine project.
Indian mining giant Adani on Tuesday lashed out at activists, accusing them of causing delays that prompted financial backers to withdraw their support for the vast Queensland mine and port expansion along the Great Barrier Reef (GBR).
The project, which environmentalists have long warned would irreparably harm the GBR, has faced significant hurdles, the latest being the announcement by the London-based Standard Chartered bank on Monday that it was withdrawing from its advisory role on the project. Continue reading →