Adani Enterprises’ Australian CEO, Lucas Dow, will step down, the company said on Friday, as sinking coal prices add to climate change pressure to stretch the development timeline of a coal project in Queensland state.
Dow, who joined the company in April 2018, steered the Carmichael mine and rail project through a drawn-out and hotly contested permitting process, and then its first year of construction.
The project has provoked bitter controversy in Australia because it would open up a new thermal coal basin at a time of growing concerns over global warming.