Friday, April 19, 2013

Like it or not, our miners' blades cut both ways |

Like it or not, our miners' blades cut both ways | This week's court decision to overturn the approval of the Warkworth coal mine in the Hunter Valley highlighted how big mining companies rely on misleading and exaggerated claims about the economic benefits they will deliver to local communities.

Chief Justice Preston accepted the testimony presented by myself and other economists which disputed the claims made by the mining industry. The judge said he was "not satisfied that the economic analyses provided on behalf of Warkworth support the conclusion urged by both Warkworth and the Minister, namely that the economic benefits of the project outweigh the environmental, social and other costs". He was particularly scathing about the industry's economic modelling, describing it as "deficient".

1 comment:

  1. And that goes double for frackers including Buru.