Adani’s $16bn coalmine would be left ‘stranded’,says energy institute, by India’s contrivance to install renewable energy plants and upgrade gridsQueenslands enormous Carmichael coal project, or fresh from parting ways with the Standard Chartered bank,faces being left marooned with a new forecast predicting India will phase out coal imports by 2021.
Climate activists have welcomed Standard Chartered’s announcement that it is giving up its role advising the Indian mining giant Adani over its $16bn Carmichael mine, which is planned for the Galilee Basin region of central Queensland.
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Source: theguardian.com