Taken from The Sierra Club
The U.S. Export-Import Bank (Ex-Im) met this week at it’s annual conference in DC. Ex-Im will decide soon whether to move forward with financing the Adani Group’s dangerous Australian coal project. That could mean your tax dollars supporting the destruction of the Great Barrier Reef.
The massive project would carry coal by rail from a mega-mine in Australia’s Galilee Basin to new export terminals along the Coral Sea. From there, the coal would be transported through the Great Barrier Reef World Heritage Area to Asia. Even Wall Street has largely abandoned this toxic and expensive project — now it’s time for Ex-Im to do the same.
The Great Barrier Reef is a special place that is home to a number of endangered species, including green and loggerhead turtles. This critical habitat is already threatened by climate change, and scientists warn that the time is running out to protect the reef from irreversible damage.
The plan calls for dredging an alarming three million tons of seabed from the bottom of the Great Barrier Reef to build a new coal export terminal. With new mining, increased rail traffic, a surge in exports and coal ships, and continued pollution from the dirty coal power, the total climate impact of this project is enormous.
We can’t afford to introduce even more toxic fossil fuels into the mix if we want to preserve natural wonders like the Great Barrier Reef.
Thanks for all you do for our environment.