“It’s not up to government to determine that, it’s up to markets themselves,” he told ABC radio on Tuesday.
“What it’s up to governments to do is to give environmental approvals. That’s happened of course at the federal level. At the state level, that’s being considered.”
The Labor leader has also made clear he has little love for anti-Adani activists who toured Australia, including towns in central Queensland, during the election campaign.
He also expressed that view before Australians went to the polls, he stressed.
“The truth is that that was incredibly provocative and did nothing to advance, in my view, a genuine debate about climate change,” he said.
“On climate change, the science is in. We need to act. But to reduce it to a debate about a single mine is in my view very unproductive, it does nothing to advance the debate.
“Good policy is about jobs, as well as about clean energy, as well as about making sure that we take the community with us.”
Queensland Minister for Natural Resources, Mines and Energy, Anthony Lynham, backed Mr Albanese’s comments on Adani.
“Anthony Albanese said exactly as we have that Adani must stack up environmentally and economically,” he said.
“We have rules in this state, if Adani have met those rules, they’ve met their environmental obligations and they’ve made sure it stacks up economically, then sure, away it goes. Every resource company has to follow those rules.”
Mr Albanese was on Tuesday heading for Caboolture, which sits in the seat of Longman – one of two Queensland electorates Labor lost at the federal election.
After hearing a “very loud message” from Australians on election day, he says he’ll be all ears while trying to better understand the issues that lost Labor votes.
The party’s only remaining regional Queensland MP – Shayne Neumann – says the visit is a good first start for Labor to win back favour in the state.
He puts the poor result locally down to not listening enough, along with issues around mining, Adani and the party’s tax plans.
“I think we didn’t engage and listen to the voice of Queenslanders,” he told ABC Queensland on Tuesday.
“I think also our complex and difficult to explain tax agenda meant that Queenslanders felt very much that there was an attack on their aspirations, dreams and wishes.”