The recommendation marks the latest sign of deepening concerns among global investor groups towards divisive fossil fuel projects in Australia.
Federal Resources Minister Keith Pitt’s announcement has been slammed by environmental groups as “deeply irresponsible”.
Multinational mining giant Adani has launched legal action against an activist over his work to undermine the project in Queensland’s Galilee Basin.
The decision of whether confidential documents kept from activist Ben Pennings in Adani’s case against him will be released within days.
Two years have passed since the mine was approved and the company is set to keep its promise of exporting coal this year.
The first annual report into Adani’s environmental operations at their Carmichael coal mine site shows an 80 per cent decline in the number of endangered black-throated finch.
It comes as Queensland authorities have confirmed two investigations into alleged environmental concerns at the Carmichael coal mine.
Fossil fuel leaders are accusing banks and insurers of acting against Australia’s interests by failing to financially support their plans.
Police are investigating an alleged sexual assault of a woman at a Bravus,formerly known as Adani,rail camp on Easter Sunday.
The company,which is building a $290 million port in Yangon on land leased from the military-backed Myanmar Economic Corporation.
While Labor is yet to formally endorse a candidate,senior sources have indicated former Muswellbrook deputy mayor,coal miner and CFMEU Mining and Energy official Jeff Drayton is emerging as a contender for the byelection.