Australia's $1 billion loan to Adani is ripe for a High Court challenge

One of the major questions about Adani's mine is its financial viability, and its inability to secure private sector funding

Indian mining giant Adani’s proposal to build Australia’s largest coal mine in Queensland’s Galilee Basin has been the source of sharp national controversy, because of its potential economic, health, environmental and cultural risks.

These concerns were amplified this week when India’s former environment minister Jairam Ramesh told the ABC’s Four Corners:

My message to the Australian government would certainly be: please demonstrate that you have done more homework than has been the case so far.

It’s a valid warning, considering that a Commonwealth investment board is considering loaning Adani A$1 billion