Finance & Fury Podcast

Welcome to Say What Wednesday. Today's question is from our listener, Sam. "Hi Louis, love the podcast! I’m wondering if you could do an episode on Adani. I’ve seen lots of protests over this and am just wondering what your thoughts are? Why are people so opposed to it? Seen the school kids striking or the media saying it will be the end of the world?" A wide range of groups are opposed to the project for different reasons – So let us go through each one in detail – not platitudes Let's get into it! What is it? - Adani Group is an Indian multinational conglomerate – diverse businesses include energy, resources, logistics, agribusiness, real estate, financial services, and defence and aerospace. Carmichael Mine in QLD - Adani has said that over a 60-year lifetime, the company expects to extract 2.3bn tonnes of coal, which would make it equivalent to the biggest mine in the US. Six open-cut pits as well as five underground mines - area more than 30km long. first mine in the giant untapped Galilee coal basin