Japan pulling out of coal investment would be an ‘awful outcome’

Shadow Home Affairs Minister Karen Andrews says Japan pulling out of coal investment in Queensland would be an “awful outcome” for the state.

Japan’s Ambassador to Australia Shingo Yamagami criticised the Queensland government’s new tax regime for coal miners – which proposed new higher coal mining royalties.

Mr Yamagami said key Japanese companies invested in the state’s coal industry have questioned whether Queensland will remain a “safe” place to invest.

“That would be an awful outcome for Queensland,” Ms Andrews told Sky News Australia.

“And the fact that the Japanese…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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