Australian coal exporters have been accused of falsifying data to suggest their coal is cleaner than it is in order to drive up profits.
In a speech to parliament on Monday, independent MP Andrew Wilkie said he had been leaked thousands of pages of documents by an industry whistleblower.
The documents, he said, exposed a scam involving two testing laboratories, major accountancy firms and an investment bank.
“This fraud is environmental vandalism and makes all the talk of net-zero emissions by 2050 a fiction,” he said.
“It could also be criminal, trashing corporate reputations as well as our national reputation.
“Coal companies operating in Australia are using fraudulent quality reports for their exports and paying bribes to representatives of their overseas customers to keep the whole scam secret.”
According to the federal MP, the falsified data shows the coal to be drier than it is, meaning it creates fewer emissions per kilowatt produced since it burns more cleanly.
If the coal is drier, companies can sell it at higher prices.
Mr Wilkie said the alleged scam had been going on for years.
Among the countries to have received the coal which had allegedly falsified data attached included Japan, South Korea, China and India.
He alleged major companies such as TerraCom, Anglo American, Glencore, Peabody, ALS and Macquarie Bank were involved in fraud.
In a statement to NCA NewsWire, an Anglo American spokesperson insisted the claims were “entirely false”.
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