CCIQ Warns Treasurer Not to Talk Down State's Biggest Industry

Tuesday 26 February, 2019 | By: Dan Petrie

The Chamber of Commerce and Industry Queensland (CCIQ) urges policy makers to support and champion the resources industry following media reporting of the state treasurer, the Honorable Jackie Trad’s comments in relation to demand for thermal coal.

The treasurer’s comment: “the fact is, markets are moving away from thermal coal, communities are moving away from thermal coal, nation states are moving away from thermal coal”, could conceivably risk future investment and jobs in the thermal coal industry.

Head of Industry at CCIQ, Dan Petrie said the treasurer’s comments run counter to the reality of the coal industry in Queensland and to the data provided by the International Energy Agency.

“Queensland exports half of the world’s metallurgical coal, has a world class proposal in the Adani Carmichael mine currently mired in red and green tape, and a suite of potential projects critical to current state finances and Queensland’s economic future.”

“Coal power plant construction is being undertaken globally  to ensure older plants are replaced with power plants that greatly reduce co2 emissions from older and less efficient operations.

“The government needs to stand shoulder to shoulder with the resources industry to champion the small businesses that supply and service these projects and thousands of high quality jobs which are created by the resources industry,” Mr Petrie said.

CCIQ reiterates that the world class projects Queensland has in coal mining will have a transformative effect on the local, state and national economies.

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