Australian taxpayers 'in bed with Adani' after FOI reveals $3.2 million Future Fund investment

More than $3 million of Australian taxpayers' money has been invested in a crucial Adani company-funded rail link from the controversial Carmichael coal mine to a port on the Great Barrier Reef, the ABC can reveal.An Adani business building a rail line for the Carmichael coal mine has received an investment from the Future Fund

Rawan Arraf, a human rights lawyer at the Australian Centre for International Justice who submitted the FOI request, said the Future Fund should divest all of its holdings from Adani Ports because of these links to the Myanmar military. That linked the Adani subsidiary directly to the Carmichael mine for the first time, making it a major target for activists.

"The Future Fund would be wise to heed the warnings about the Carmichael mine and review its investment in Adani Ports," she wrote.Australian Conservation Council chief executive Kelly O'Shanassy has written to Future Fund chairman Peter Costello. The Queensland Government gave Adani environmental approval last year, followed by the Federal Government.The Future Fund's investment in Adani Ports has also been criticised by human rights lawyers at the Australian Centre for International Justice , following revelations about the company's business relationship with the Myanmar military.

The report mapped business arrangements between the Myanmar military-owned companies Myanmar Economic Holdings Limited and Myanmar Economic Corporation , and other businesses.working with MEHL and MEC had "a high risk of contributing to, or being linked to, violations of human rights law and international humanitarian law."

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Adani contractor left asking government for finance after insurers fleeThe federal government is asked to step in and provide finance to companies building Adani's Carmichael mine and rail link, after one of Adani's biggest contractors revealed it was unable to insure its work on the project. Why should taxpayers money back another company that pays little or no tax? Political parties' government is an international broker. They sold many of country's resources & public sectors to 'private' as their own. Received their 'benefits' as commissions 💵 & donations 💵. These 'corruptions' are very dangerous than 'HELL' 😳 Does anyone have track of how much our various governments have either contributed or commited to this private, foreign owned project?
Source: abcnews - 🏆 5. / 83 Read more »