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Greens call for ASIC to investigate murky ownership arrangements of Abbot Point and Carmichael projects

Media Release
Larissa Waters 12 Mar 2015

The Australian Greens are calling on the Australian Securities and Investments Commission to investigate the ownership of the Abbot Point coal port and Carmichael coal mine projects.

"I've written to ASIC seeking an urgent investigation into which entity owns these massive projects threatening our Reef and climate," Senator Larissa Waters, Australian Greens environment spokesperson, said.

"Media revelations have exposed inconsistencies in Adani's reporting of its ownership structure to regulators in India and Australia.

"The government needs to know exactly which entity and which individuals are responsible for these projects in order to hold them to account for the likely environmental damage they are set to inflict.

"The Palaszczuk and Abbott governments are bending over backwards to ensure that Adani can turn our Great Barrier Reef into a shipping highway for climate-destroying coal.

"They appear to be handing over the safety of the Reef to shell companies registered in Singapore and the Cayman Islands.

"Both Labor and the Liberals so are wedded to coal, rather than transitioning to renewables, that they're looking the other way on Adani's murky ownership and taxation arrangements.

"They're also ignoring Adani's appalling environmental and social track record overseas, which includes breaching Indian environmental laws on port management and devastating Indian communities reliant on fishing," Senator Waters said.


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