Adani and Commonwealth Bank part ways, casting further doubt on Carmichael coal project
Michael West and Lisa Cox, Sydney Morning Herald, 5th August 2015
The Commonwealth Bank’s role as adviser to Australia’s biggest coal project, Adani Mining’s proposed Carmichael Mine in Queensland, has ended, dealing a heavy blow to its prospects and a significant victory for environmental groups.
It comes as environmentalists claimed a victory in their case against the project after theFederal Court overturned Adani’s federal environmental approval. Environment Minister Greg Hunt was forced to concede defeat for not taking into account two threatened species – the yakka skink and ornamental snake – before he signed off on the project in 2014.