Australia business leaders Michael Myer and Geoff Manchester oppose Adani’s coal mine project
THEY know how to make a million and these two successful Australian businessman say claims about Adani’s coal mine are delusional. 14 Nov 17
OPPOSITION to Adani’s coal mine continues to build as two prominent Australian business leaders come out against the project.
Entrepreneur and philanthropist Michael Myer of the prominent Myer retailing family, and Intrepid Travel founder and chief executive officer Geoff Manchester, have both decided to speak out against the $16.5 billion project in Queensland’s Galilee Basin.
The two men share similar concerns but were not aware of the other’s views before going public.
“The mine itself is an outrage,” Mr Myer told news.com.au.
“It’s a stranded asset … and the proponent (Gautam) Adani is basically doing a very good job at conning our politicians at all levels of government.”
But he said the fact that governments were subsidising the project was also concerning. Federal, state and local governments have all agreed to, or are considering, providing the project with financial assistance.
Mr Myer said the economics of the project did not stack up and the leading supporters of the project were politicians, not those in the business world.
“The whole line that this is good for Queensland jobs is farcical and delusional,” Mr Myer said.
“It doesn’t stack up economically and as time goes on the economics get even worse.”
While the governments have continued to spruik the “10,000 jobs” that will be created, Adani’s own expert has admitted the figure will be closer to 1400 once jobs lost in other areas are taken into consideration.
Mr Myer believes the 10,000 number is “mythical” and the real number will likely be even less than 1400 as many operations can now be automated.
These jobs could also come at the expense of others.
At risk is Australia’s lucrative tourism industry with many concerned about the impacts of climate change on the Great Barrier Reef.
“Tourism operators are very concerned about this because we’ve already seen some negative impact on the Great Barrier Reef from bleaching in the last couple of years,” Intrepid CEO Geoff Manchester said.
“We’ve already had seen some local tourism operators impacted.”
Intrepid runs tours around the world so Mr Manchester is not too worried about his own business but he said the reef was of huge importance to Australia.
“We are coming into an era of potential growth in Australia, Asian countries are becoming more wealthy and travelling in larger numbers,” he said.
Mr Manchester said Asian tourists, especially those who lived in polluted cities, wanted to experience nature and animals they would not necessarily see in their home countries. This provided Australia with a significant opportunity to boost its economy.
“People are less interested in owning things and are becoming more interested in experiences,” he said.
“They see travel as part of life rather than a luxury that you only do when you can afford it.”
As leaders in their industries, both men said they wanted to voice their opposition publicly to the mine and a potential $1 billion concessional loan that the Northern Australia Infrastructure Facility is considering.
“There are lots of tourism businesses in Australia and it’s hard for them to get together and speak with one voice, we hope to speak up for them,” Mr Manchester said.
“We are a private, significantly sized company and I feel we have a duty to speak out against it.
“Hopefully this will make other companies feel more comfortable about speaking out as well.”
Mr Manchester said tourism was the biggest employer in Australia.
“It seems wrong to be threatening the (tourism) industry, and wrong to be subsidising the (coal) industry.”
Their remarks come as another entrepreneur warned Australia’s economy had serious problems.
In analysis published in news.com.au today Matt Barrie and Craig Tindale point out that coal consumption in China had dropped three years in a row, and in January 2017, 100 coal fired power plants were cancelled.
“China has announced that it is spending a whopping $360 billion on renewables through 2020, and this year is implementing the world’s biggest cap-and-trade carbon market to curb emissions,” the authors noted.
“Blind to the reality of this situation, Australia is ramping up coal production while China commits to ending coal imports in the very near future in what can only be described as a last-ditch “dig it up now, or never” situation.”
According to the Australian Bureau of Statistics, in 2015-16 the entire Australian mining industry which includes coal, oil and gas, iron ore, the mining of metallic and nonmetallic minerals and exploration and support services made $179 billion in revenue.
But it had $171 billion in costs, which meant it delivered an operating profit before tax of $7 billion — representing a wafer thin 3.9 per cent margin on an operating basis.
“Collectively, the entire Australian mining industry (ex-services) would be loss making in 2016-17 if revenue continued to drop and costs stayed the same,” the authors said.
Mr Myer said companies like BHP were now getting out of coal assets because they could see the writing on the wall.
“China and India both have to, and are, decarbonising their economies,” he said.
“So the notion that Adani is going to build this mine and produce 60 million tonnes a year (of coal), it’s delusional.”
Instead of giving Adani a $1 billion taxpayer-funded loan, Mr Myer said putting the money towards something like a Tesla Gigafactory to produce lithium-ion batteries, would create far more long term jobs than a coal mine.
“It could piggyback an electric vehicle factory,” he said. “That’s the future and that’s where the state should be investing.”
The Australian Government’s Northern Australia Infrastructure Facility will be making a decision soon on whether to grant a $1 billion loan to Adani to build a 388km rail link to Abbot Point.
The Queensland Government has already agreed to a royalty deal that may allow Adani to defer the royalties it pays to the government.
Premier Annastacia Palaszczuk has said the royalties will be paid in full but has left option the possibility of royalties being deferred for the first few years.
Meanwhile local councils have been falling over themselves trying to accommodate the mine, with Townsville and Rockhampton councils both putting in at least $15 million each to fund an airstrip at the Carmichael mine.
15 November REneweconomy news
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WA wind, solar industry in turmoil as green fund cements govt monopolySynergy’s new “green fund” will cement its near monopoly powers, and put up to $1bn of wind and solar developments at risk, industry warns.
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Rooftop solar changes unsettle industry, raising fears worse to comeConfusion over RET regulation changes has revealed large cracks in the faith of the renewable energy industry, which – still recovering from the Abbott years – is spooked by the National Energy Guarantee, and possible future policy changes, just as the market is hitting its stride.
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Elon Musk: Tesla semi truck event will “blow your mind”Elon Musk tweets that the Tesla Semi Truck unveiling will “blow your mind clear out of your skull and into an alternate dimension.” Let’s see.
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Carnegie jacks up CETO capacity in bid to take wave power mainstreamCarnegie boosts nominal capacity of CETO unit from 1MW to 1.5MW, in bid to make wave power cost competitive with mainstream renewables.
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RCR preferred contractor for the Clermont and Woman solar farm projectsRCR is pleased to announce that it has been selected as the Preferred EPC Contractor for two major contracts, totalling approximately $260 million.
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Hear from Leading Solar Researchers in Melbourne in December 2017The rate of change of progress is rapid and to stay current with the latest in technology developments and deployment, each year, Australia’s leading solar researchers get together in an annual conference, with international and regional colleagues.
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Lincoln Gap may treble battery size, as wind and solar lead new eraLincoln Gap wind farm may treble amount of battery storage, as it seeks new formula to escape dominance of big energy retailers.
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Even IEA says coal boom is dead, hails the solar ageEven the conservative IEA is calling the end of the coal era, and hailing new age of renewables as the world addresses climate, energy poverty and health.
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Sungrow’s ESS system – PowCube4.8 LaunchSungrow presents its residential energy storage system (ESS) – the PowCube4.8.
Australia’s Friends of the Earth continues to reject Australia’s Pro-Nuclear Lobbying
Green Groups Urge Negotiators in Bonn – \Reject Australia’s Pro-Nuclear Lobbying\ http://www.foe.org.au/media-releases/2001-media-release/green-groups-urge-negotiators-in-bonn—reject-australias-pro-nuclear-lobbying
July 17, 2001

The Australian Government’s hypocrisy and disregard for less developed countries has again come under international scrutiny at the high-level climate negotiations in Bonn, Germany.
Australia is one of only a few countries actively lobbying for the inclusion of nuclear power in Joint Implementation projects in the Kyoto Protocol. Safety, health and cost concerns have resulted in strong community opposition to nuclear power in Australia, which has never built a nuclear power station itself. The government is now arguing that the Kyoto Protocol should subsidise nuclear power in non-industrialised countries.
The motivation is largely economic; as one of the world’s largest suppliers of uranium, the Government hopes that increased use of nuclear power will increase uranium exports. The Australian Government’s short-term political agenda has led it to put economic self-interest ahead of the integrity of the Protocol and the development of clean and safe alternative energy in non-industrialised countries.
Australian environment groups have urged Parties to the Climate Convention to reject Australia’s proposal that nuclear power be eligible for inclusion in Joint Implementation and Clean Development Mechanism projects. Money spent on nuclear power will be diverted away from renewable energy and energy efficiency, which are the real solutions to climate change and sustainable development.
South Australian government: local Aboriginal community has final veto on nuclear waste suppositary
Tim Bickmore shared ENuFF South Australia‘s post. No Nuclear Waste Dump Anywhere in South Australia, 13 Nov 17
Oct 24 letter from SA Premier J to the PM regarding proposed radioactive waste suppository in the Flinders Ranges.
“….. the South Australian government committed to provide a local Aboriginal community with a final veto right over any future facility proposed on their lands.
I recommend the Commonwealth Government now consider adopting a similar policy position ….” https://www.facebook.com/groups/1314655315214929/
Australia sells weapons to countries like Saudi Arabia, that perpetrate human rights abuses
It’s a nearly impossible task to discover exactly what Australia is selling and to whom because the federal government refuses to say, but nuggets of information make it clear that Canberra is aggressively selling weapons and defence equipment to countries involved in conflicts where human rights abuses are being perpetrated.
In his seminal 2011 book on the global arms trade The Shadow World, journalist Andrew Feinstein exposes the fallacies of a nation’s expanding defence sector. “The arms industry’s economic contribution is undermined by the frequency with which its main players around the world, Lockheed Martin, BAE, Boeing, Northrop Grumman … are implicated in grand corruption, inefficiency and wastage of public resources,” he wrote.
Feinstein concludes that the arms trade “often makes us poorer, not richer, less not more safe, and governed not in our own interests but for the benefit of a small, self-serving elite, seemingly above the law, protected by the secrecy of national security and accountable to no one”.
Murky business: Australia’s defence industry is growing, but at what cost? SMH, Antony Loewenstein , 4 Nov 17
This year’s Avalon Air Show in Geelong was the first chance for the public to see the long-delayed Joint Strike Fighter in action. At a cost of at least $100 million per aircraft, Canberra is slated to spend $17 billion on 72 F-35s in the coming years.
Manufacturer Lockheed Martin, the world’s biggest defence contractor, has faced countless problems with the plane including cost blowouts (spending more than $US1 trillion and counting), a Pentagon report in January finding 276 deficiencies (with 20 new issues discovered per month) and consistent troubles with overheating and cybersecurity. An Australian contractor on the aircraft was recently hacked, with sensitive material stolen.
None of this dampened the mood at Avalon. Prime Minister Malcolm Turnbull, along with Defence Minister Marise Payne, Defence Industry Minister Christopher Pyne and Lockheed Martin CEO Marillyn Hewson, praised the plane and Australia’s growing defence sector. Continue reading
Senator Bernardi’s Nuclear Fuel Cycle (Facilitation) Bill – joins Tony Abbott in pro-nuke fervour
Bernardi seeks to lift ban on nukes, THE AUSTRALIAN, MICHAEL OWEN, SA Bureau Chief, Adelaide, 12 Nov 17
Senatorr Cory Bernardi will introduce a bill in parliament today that seeks to lift a ban on nuclear power plants and enrichment and processing facilities…….
South Australian Premier Jay Weatherill has asked Malcolm Turnbull to give Aborigines the “final right of veto” over any site chosen by the federal government for the planned national radioactive waste dump.
Senator Bernardi, who plans to run candidates under his Australian Conservatives banner at the South Australian election in March, said he would introduce a bill today to remove bans on an Australian nuclear fuel cycle, particularly as they apply to nuclear power plants……
Last month, former prime minister Tony Abbott called for laws to allow for the construction of nuclear power plants……
Bernardi said the proposed legislation did not fully deregulate the nuclear fuel cycle, but if passed would “send a powerful signal to the world that we are … open for an Australian nuclear industry”.
The bill would remove sections of the Environment Protection and Biodiversity Conservation Act (1999) and the Australian Radiation Protection and Nuclear Safety Act (1998), which ban construction of nuclear power, fuel fabrication, enrichment or reprocessing plants, and any authorisation of such facilities…….
High-level international nuclear waste storage would require approval from federal parliament, which the Turnbull government had indicated it was prepared to support.
Federal Labor has a longstanding constitutional opposition to nuclear waste storage.
Mr Weatherill has written to the Prime Minister about the federal government’s plans to establish a national low-to-medium-level dump for domestic nuclear waste, with three SA sites under consideration: two near Kimba and one near Hawker.
In the letter obtained by The Australian, Mr Weatherill said Aboriginal leaders were deeply concerned about the Hawker proposal and urged the commonwealth to commit to “provide a local Aboriginal community with a final right of veto over any future facility proposed on their lands”.nukes http://www.theaustralian.com.au/news/nation/bernardi-seeks-to-lift-ban-on-nukes/news-story/06ef1d96c74c833146722aaeb88c3248
Malcolm Turnbull urges Hong Kong to put pressure on North Korea
Malcolm Turnbull calls North Korea ‘criminals’, urges Hong Kong to help, SMH, Lindsay Murdoch, 12 Nov 17, Hong Kong: Prime Minister Malcolm Turnbull has accused North Korea of being one of the world’s most “cunning, sophisticated criminals,” involved in many serious crimes, including drug trafficking, in his strongest condemnation yet of the dictator Kim Jong-un.
And Mr Turnbull told US president Donald Trump and China’s president Xi Jinping during a leaders’ retreat in Vietnam that their relationship is one of the “single most priorities for the world today,” urging them work together to pressure North Korea over is nuclear weapons program……http://www.smh.com.au/federal-politics/political-news/malcolm-turnbull-calls-north-korea-criminals-urges-hong-kong-to-help-20171112-gzjp85.html
13 November REneweconomy news
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Know your NEM: Queensland poll – what are the odds?Queensland energy politics has something for everyone – including a new coal plant – but bookmakers are backing the state Labor. Meanwhile, on the NEM…
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Wind turbine collapse under investigation at Antarctic research centreOne of two wind turbines that help to power Australia’s Mawson research station in Antarctica has partially collapsed.
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Sugar vs solar, round 2: 60MW Qld project stalls after opposition from cane farmersESCO Pacific’s proposed 60MW Mirani Solar Farm has failed to win approval from the local council, after strong opposition from local sugar can growers.
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Climate change spurs Medibank fossil fuel divestmentMedibank’s announcement it will divest tens of millions of dollars from fossil fuels due to the ‘health effects of climate change’ has been welcomed by environmental finance group Market Forces.
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South Australia’s new power plant ready before summerSouth Australia now has access to an additional 276 MW of electricity generation, with the state’s new power plant installed in time for the warmer summer months.
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Wind farm researchers found to have no human ethics approvalA new research paper into the health impacts of wind farms has raised serious concerns over academic credibility.
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Qld Labor ups ante on renewables – more ambition, new technologyLabor commits to “at least” 50% renewables by 2030, and promises $50m for first large scale solar tower and storage plant. Premier hails technologies that can power Queensland 24 hours a day, 7 days a week.
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CWP proposes 250MW solar thermal + storage near TownsvilleCWP Renewables proposes 250MW solar tower and storage project near Townsville, while SolarReserve looking at six different projects in Queensland.
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100% global renewable electricity more cost-effective than current systemMaking a global transition to 100% renewable electricity grid has long been a dream of many, and new research shows it is a viable reality.
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NEG – behavior, details, details?The more we look at the NEG, the more bizarre it gets. And it seems disrespectful, or even arrogant, of the ESB to think an overnight thought bubble is going to be superior to carefully developed process in overseas markets.
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Impact Investment Group appoints new CEO: Daniel MadhavanLeading Australian impact fund manager Impact Investment Group is proud to announce the appointment of Daniel Madhavan as Chief Executive Officer (CEO).
Australian Greens now influencing broad policy , for example on Adani coal project
The Greens believe they have put a difficult year behind them, and are seeing their ‘Cassandra’ foresight picked up by other parties. Saturday Paper,
How the Greens drive policy, Saturday Paper Mike Seccombe , 11 Nov 17, Even in Richard Di Natale’s office they refer to the middle months of 2017 as the “winter of discontent”. It was as bleak a season as the federal Greens party has known.
But there is more than a whiff of spring in the air now, and if a few things go right over the next few weeks, maybe glorious summer. So Di Natale hopes.
……..One example is the giant coalmine proposed by the Indian conglomerate Adani in Queensland. Most Australians don’t want it. A Morgan poll last month showed that among those who had a view – and almost a quarter didn’t – opinion ran against the mine’s development by more than three to one.Says Bob Brown: “That poll showed that supporters of every political party from [Pauline] Hanson and the Nationals, across to the Greens, has a majority opposed to the mine. But the popular mood is not echoed in the big party rooms.
“It’s a classic example of how a small powerful lobby can work wonders with the big parties. It takes a very restive public to change their minds.”
And right now we are seeing that change happen. The Queensland public is very restive on the Adani project and only now, two weeks out from a state election, has the penny dropped within the Labor government of Annastacia Palaszczuk.
Until last Friday, her government supported a proposal for the Northern Australia Infrastructure Facility to loan Adani $1 billion to help build rail infrastructure for the project, on the basis that it would help generate jobs – and harvest votes – in north Queensland.
Then came the announcement that state Labor would no longer support the loan. Palaszczuk offered a convoluted and un-credible rationalisation, based on the claim her political opponents were planning a smear campaign about a conflict of interest involving her partner, Shaun Drabsch, who works for PwC, which is involved with the project.
The near universal view is that the decision was really based on simple electoral calculus: Labor stood to lose more votes than it would hold if it continued to defy public opinion. The Greens, the only party to have consistently opposed Adani, have hopes of picking up several seats in Brisbane.
We’ll soon see how much damage Labor has done to itself, and, more importantly for Di Natale, whether it translates into significant gains for the Greens.
Di Natale sees the Queensland election as one of a couple of “defining moments” in the near future, which will indicate whether the party really has put the winter of discontent behind it.
Another such moment will come even sooner, at next Saturday’s byelection for the inner Melbourne state seat of Northcote. The demographics of the seat favour the Greens, and Daniel Andrews’ Labor government is going all out to hold on. On the policy front, that has entailed a raft of changes, by which Labor has aligned itself with Greens positions……https://www.thesaturdaypaper.com.au/news/politics/2017/11/11/how-the-greens-drive-policy/15103188005492
Liberal National Coalition puts One Nation ahead of Labor on Queensland how-to-vote cards
“The only way for Queenslanders to get the positive change they want is to vote for their local Liberal National Party candidate. And the only way for you and your family to get ahead is to vote for your local Liberal National Party candidate,” Opposition Leader Tim Nicholls said in a statement issued on Friday night…… The Greens have already announced they will put One Nation last, and the LNP second last, on their how-to-vote cards……http://www.smh.com.au/queensland/lnp-puts-greens-last-one-nation-ahead-of-labor-on-how-to-vote-cards-20171110-p4ywxy.html
11 November REneweconomy news
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Koutsantonis slams NEG, says it is an attack on renewablesSA energy minister Tom Koutsantonis says cannot support NEG, says it an attack on renewables, designed to keep alive dirty coal.
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Graphs of the Day: Australia the global climate laggardIf the Turnbull government was setting the standard for global climate action… we’d be going to hell in a handcart, says new report.
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Renewable energy for industry next big thing for Australia, says IEAInternational Energy Agency says solar, hydro and and wind have enormous potential for use in industrial processes – particularly in places like Australia, where the cost will be $USUS30/MWh.
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Energy incumbents are going on a ‘gorging spree’Big fossil-fuel-based utilities are overcharging their customers, going on a “’gorging spree” while they still can.
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Australia adds 107MW rooftop solar in October as 2017 heads for record yearCommercial solar growth helps push Australia’s total PV installs to 107MW in October, almost guaranteeing 1GW record for 2017.
Australia can expect ‘increased bushfire and storm danger’ due to climate change
Climate change causing ‘increased bushfire and storm danger’ across Australia https://www.9news.com.au/national/2017/11/09/17/50/extreme-weather-is-getting-worse-in-south-east-australia
10 November More REneweconomy news
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We’ll keep lights on, states can worry about emissions: ESBESB chair Kerry Schott says it will be up to the states to act if they want higher emissions targets.
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Schott defends NEG modelling, says wind and solar at “low end”Schott says NEG modelling assumes “low end” of wind and solar costs, defying recent evidence. But ESB did admit there is much work to do on policy, dispatchability had yet to be defined, new coal unlikely to get a look in, and states free to pursue own targets.
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Queensland coal plant has a photo – now all it needs is a massive subsidyA mock-up image of a new coal plant has been created, as part of the increasingly intense campaign to have one built – and funded by taxpayers – in north Queensland.
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Video of the Day: The end of coal generation in South AustraliaBoilers of old Northern coal fired generator brought down, bringing end of coal era in South Australia and paving way for huge investment in renewables and storage.
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DP Energy appoints contractors to build Australia’s largest hybrid renewable power stationInternational renewable energy company DP Energy has appointed preferred suppliers Vestas and Downer to develop Stage 1 of its Port Augusta Renewable Energy Park, which when complete will be Australia’s largest hybrid renewable power station
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JinkoSolar claims record 23.5% efficiency for PERC solar cellJinko sets new efficiency record for PERC solar cell and sees big future in “half cell” modules.
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10 Nov REneweconomy news
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We need to talk about rooftop solarSo you’ve installed rooftop solar – but is it performing as well as you expected? A new APVI web-based survey aims to help improve the quality of PV system components, installations and system designs.
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Flinders Island makes switch to renewables, with solar, wind and energy storage HubFlinders Island’s Hybrid Energy Hub is already taking the previously diesel powered Tasmanian island to levels of 80% renewables, and should manage to supply 100 per cent of demand before the year is out.
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Chevy Bolt set to catch Tesla in US EV raceLuxury price tags have not stopped Tesla from dominating the US electric vehicle market so far, but is all that about to change?
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WA’s Synergy to bring in Dutch fund to bankroll wind and solar farmsWA government owned utility Synergy looking to bring in outside investors to bankroll investments in new wind and solar farms and meet RET obligations.
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Wind, solar costs continue fall, and fossil fuels can’t stop themLatest analysis from Lazard points to continuing falls in cost of wind and solar, and a growing divide between renewables and fossil fuels. And the cost of storage is falling too.
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You heard right: Trump administration is bailing out coal plantsConsumers paying more on electric bills is exactly what might happen if the US DoE goes through with plan to bail out uneconomic coal plants.
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Photon Energy reports a profitable third quarterBuilding on the strong half-year results, the company confirmed continuing revenue growth at 6.8% compared to 2016Q3 and a 2,5-fold increase in net profit compared to last year’s result.
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Australia wins early Fossil award as Syria leaves US alone on climateAustralia wins first Fossil of the Day award at Bonn climate talks, as Syria signs up to leave the US isolated as the world’s only non-member state.
Australian uranium company Paladin to leave costly environmental mess in Malawi
Paladin has ignored our requests to provide its estimate of the cost of rehabilitating Kayelekera, but we can safely say that the figure will be multiples of the US$10 million bond. Just keeping Kayelekera in care-and-maintenance costs US$10–12 million annually.
As things stand, if Paladin goes bankrupt and fails to rehabilitate Kayelekera, either rehabilitation will be coordinated and funded by the Malawian government (with a small fraction of the cost coming from Paladin’s bond) or the mine-site will not be rehabilitated at all.
It does Australian companies investing in mining ventures abroad no good whatsoever to leave Kayelekera unrehabilitated, a permanent reminder of the untrustworthiness and unfulfilled promises of an Australian miner and the indifference of the Australian government.
The company’s environmental and social record has also been the source of ongoing controversy and the subject of countless critical reports.
Julie Bishop, the WA government, Paladin and its administrators from KPMG need to liaise with the Malawian government and Malawian civil society to sort the rehabilitation of Kayelekera. An obvious starting point would be to prioritise the rehabilitation of Kayelekera if and when Paladin goes bankrupt and its carcass is being divided up. (picture below shows uranium sludge going to river)
Australian uranium miner goes bust ‒ so who cleans up its mess in Africa? By Morgan Somerville and Jim Green, Online Opinion, 8 November 2017, http://onlineopinion.com.au/view.asp?article=19394&page=0
Perth-based uranium mining company Paladin Energy was put into administration in July and the company is teetering on the brink of bankruptcy. Critics of the uranium industry won’t miss the company if it disappears. Other uranium mining companies won’t miss Paladin; in an overcrowded market, they will be pleased to have less competition.
But the looming bankruptcy does pose one major problem. Paladin’s Kayelekera uranium mine in Malawi, the ‘warm heart of Africa’, needs to be rehabilitated and Paladin hasn’t set aside nearly enough money for the job.
Under the leadership of founder and CEO John Borshoff, described as the grandfather of Australian uranium, Paladin has operated two uranium mines over the past decade. The Langer Heinrich mine in Namibia was opened in 2007, and Kayelekera in 2009.
They were heady days ‒ there was an endless talk about a nuclear power ‘renaissance’ and the uranium price tripled between June 2006 and June 2007. Continue reading








