Explained: Adani’s continuously changing jobs figures

Will the Adani coal mine create ‘thousands of jobs’? No, more like 100 jobs

Source: StopAdani Facebook — Brisbane, Queensland: Responding to Adani’s announcement that it would start work by Christmas, students led over 15,000 people in Snap Marches in Brisbane, Melbourne, Sydney and Cairns to demand Federal Labor urgently commit to #StopAdani

“No one was meant to check whether any of the promises made by Adani were actually deliverable.

That’s why mining companies and their friends in parliament are so keen to crack down on the use of court cases to examine the claimed benefits.

Lying to journalists and politicians is a lucrative business for the mining companies and their PR firms, but the reason why these court cases are so significant is that lying to judges is a crime.”

— Richard Denniss, Chief Economist at The Australia Institute

“[Adani will] be employing 1500 through the construction phase and around about 100 ongoing.”

Senator Bridget McKenzie

Fact. Coal mining is a relatively small employer, even in North Queensland

Protect coal workers = no new coal mines

“The subsidised development of the Adani mine represents a threat not just to Newcastle Port but to all mines in the Hunter. With flat world demand, subsidising a large amount of new supply is economic madness”

Australia Institute Research Director and economist Rod Campbell

“It’s a matter of economic logic that, if you increase supply into a market where demand is falling, you will affect prices. You will drive down prices. You will threaten existing coalmines and existing coal mining jobs, including the 18,000 in my electorate.”

— Pat Conroy MP, the Member for Shortland in the Hunter region.

“There is no avoiding the simple mathematics that if Turnbull succeeds in pushing between 25 million and 60 million tonnes of subsidised new coal into a flat world market the volume of coal mined and exported from the Hunter and Illawarra will decline”

— then Port of Newcastle executive Jonathan van Rooyen

“You open up another coal mine and all it’s going to do is put further downward pressure on the price of coal — and it’s basically flat at the moment — and it’s going to put pressure on the already operating coal mines.”

— Peter Ong, ETU QLD state secretary.

High coal prices save the climate?

$130 billion per year benefit to GDP by avoiding climate change

“We stand by our mining brothers and sisters in the CFMEU mining division but as Queensland state branch secretary I do not stand by the fact that another coal mine is going to be built to further enrich the world’s CO2 emissions. The world doesn’t need another thermal coal mine.”

— Bob Carnegie, MUA QLD state secretary

“In just two years Australia reduced emissions by 2% and grew the economy by 5% under a carbon price and the sky did not fall in.

“In fact, employment grew by 200,000 jobs”

— Rod Campbell, Research Director at The Australia Institute

For more information

Follow The Money is The Australia Institute’s podcast demystifying the big economic issues and putting them in plain English

an independent think-tank based in Canberra > australia.org.au

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