Adani investors misled? Money shifted to tax haven as Australian govt subsidises loan
The Cayman Islands-controlled rail company has rights to a royalty stream worth up to $3 billion from the proposed mine, the ABC recently revealed — a payment that would come at the expense of shareholders in the publicly listed Adani Enterprises.
Adani facing growing pressure on fears investors may have been misled http://www.abc.net.au/news/2017-03-22/adani-facing-growing-pressure-investors-may-have-been-misled/8376794 By Stephen Long, Adani Group is facing growing pressure to reveal which company in its complex corporate web has applied for a $1 billion subsided loan from the Australian Government, amid fears money could be shifted to a tax haven and investors may have been misled.
An Australian law firm has written to the Bombay Stock Exchange asking it to clear up the confusion about a $1 billion funding application to the Federal Government’s Northern Australia Infrastructure Facility (NAIF).
The loan would finance a 400-kilometre railway from Queensland’s Abbot Point Coal Terminal to a planned massive mine in the Galilee Basin, which, if it goes ahead as proposed, would contain six open-cut pits and five underground collieries.
It is “absolutely possible” investors have been misled about the loan, lawyer David Barnden from not-for-profit law firm Environmental Justice Australia (EJA) told the ABC. “In terms of misleading the market, the NAIF funding is really, really important for Adani’s share price,” Mr Barnden explained.
“When [Resources Minister] Matt Canavan told Reuters last week that Adani Enterprises had applied for the funding, the share price went up 4 per cent.”
Senate Inquiry report tabled: Labor support for Native Title Bill profoundly disappointing
http://wanganjagalingou.com.au/senate-inquiry-report-tabled-labor-support-for-native-title-bill-profoundly-disappointing/ 21 March 2017:
“Wangan and Jagalingou (W&J) Traditional Owners fighting Adani’s Carmichael mine are profoundly disappointed that Labor senators have today backed in the Government’s rushed and ill-considered amendments to the Native Title Act, giving a free kick to Indian billionaire Gautam Adani and plans for a Qld coal mine.
“The Native Title Amendment (Indigenous Land Use Agreements) Bill 2017 is designed to overturn the recent McGlade decision that upheld the Native Title Act requirement that all applicants are needed to sign a land use agreement. The bill is expected to be debated in the Senate today.
“Senior spokesperson for the Wangan and Jagalingou (W&J) Traditional Owners Council Mr Adrian Burragubba said, “Labor has lined up with the Government to wind back our rights – and their own commitment to land rights. They have swallowed the arguments of the mining and agricultural lobby that there is a crisis that needs an urgent response. …
“Youth spokesperson for the W&J Traditional Owners Council Ms Murrawah Johnson said, “The major parties have given Adani and their dirty mine a free kick today.
““Politicians at the Federal and State level are falling over themselves to push this controversial proposed mine through, denying us our rights to self-determination. …
“Mr Colin Hardie, Lawyer for the W&J native title claimants objecting to Adani’s purported ILUA said, “The risk involved in this legislation is so great it should not be proceeding.
It is a case where the cure is worse than the complaint. My clients will retain their objection to the purported Adani ILUA in the court, and consider grounds for challenging the legislation”. … “
Immense coal mine “good for the environment” says fossil fuel lackey Resources Minister Matt Canavan
This Politician Reckons Australia’s Largest Coal Mine Will Actually Be Good For The Environment March 23, 2017, Rob Stott BuzzFeed News Reporter, Australia Australian resources minister Matt Canavan has defended the proposed Carmichael coal mine, saying it will actually have a positive effect on the environment. The mine, which would produce more than 60 million tonnes of coal per year and significantly contribute to global carbon emissions, is proposed for Queensland’s Galilee Basin.
Rooftop solar the unsung hero in recent South Australia blackouts.
Regional home and business owners driving Australia’s solar energy boom, ABC PM By Angela Lavoipierre , 23 Mar 17
“……….Rooftop solar panels do not necessarily power the buildings they are attached to.Most of the time, the power generated by those panels is sold straight back to the energy market.
Generous state-based schemes designed to tempt people into the market paid handsomely for that energy in the past, but those deals all but disappeared.
At another time in Australian history, that change might have had a chilling effect on solar uptake, but soaring energy prices have made sure that is not the case. To those who own their own homes, with mounting power bills, solar still looks pretty tempting, even if it is just for your own personal use. The rapid pace of growth in rooftop solar has slowed.
But Hugh Saddler, an energy analyst based at the Australian National University, said Australia could expect to see an ongoing boom in the uptake of small-scale solar for businesses.
“The steady or in more case rapid increase in the commercial sector is being driven to a significant degree by the steadily falling cost of installing a solar system,” Dr Saddler said.
There are currently industry-based schemes, paid for by consumers, to encourage businesses to go solar.
Dr Saddler predicts those schemes, once they end, could prove to be a hiccup in the growth of Australia’s solar industry, but little more. “I suppose one challenge will be whether it will still be an attractive investment when the small renewable energy scheme comes to an end and I’m sure that it will be because the prices are coming down all the time,” he said.
If 2.8 per cent does not sound like much, Dr Saddler makes the case that rooftop solar was the unsung hero in recent SA black outs. “If it hadn’t been for the rooftop solar making a very large contribution at about 4 o’clock in the afternoon … then that peak would have been about 7 per cent higher than the peak demand on the grid two hours later,” he said.
“And that would have roughly doubled the number of consumers that had to be cut off for load shedding.” http://www.abc.net.au/news/2017-03-23/regional-australia-drives-solar-boom/8377670
Huge savings predicted from Tasmania’s largest solar rooftop farm.
Proponents predict big savings from 4000-panel solar farm http://www.themercury.com.au/news/tasmania/proponents-predict-big-savings-from-4000panel-solar-farm/news-story/d6d5333b757f4cc6f33fecad23dcdc20 NICK CLARK, Mercury March 23, 2017 A $2 million solar farm, Tasmania’s largest, will inject power into the state’s grid during summer and save thousands of tonnes of greenhouse gases.
Proponent Nest Energy will place 4000 solar panels on the sawtooth roof of a former wool store in the Launceston suburb of Kings Meadows. Partner Mark Barnett said 15 people would be employed during construction with the project anticipated to be running by August. He said the privately funded project would produce about 1GWh of electricity a year – enough to fully power 200 homes.
It would reduce greenhouse gas emissions by 20,000 tonnes over the 35-year project life.
Mr Barnett said in winter the panels would produce enough for several businesses while in summer there would be 30 per cent excess electricity, which would be injected into the grid with the company receiving a feed-in tariff. “The building tenants will receive their power at a significant discount while the building owner will realise an improved building value so it’s a fabulous win/win” he said.
Mr Barnett said the project had been two years in the planning. He said a drop in the price of renewable components coinciding with a trend of rising power prices, meant there was plenty of opportunity for further projects, especially in agriculture. Treasurer Peter Gutwein said the project demonstrated an increased level of confidence in the northern Tasmanian economy.
Victoria and South Australia embrace grid-scale storage for power reliability
Two Australian states embrace grid-scale storage for power reliability, http://www.utilitydive.com/news/two-australian-states-embrace-grid-scale-storage-for-power-reliability/438073/ Peter MaloneyDive Brief:
- Two Australian states are ramping up energy storage to address rising electricity costs and rolling blackouts, according to media reports.
- In South Australia, the government says it will hold a competitive solicitation for a 100 MW battery storage installation and construct a 250 MW gas plant, according to Energy Storage News reports.
- The state of Victoria is also investing $20 million in an effort to boost energy storage to 100 MW by the end of next year, ABC News reports.
South Australia has been suffering from rolling blackouts brought about by high heat and a lack of baseload power. The situation has attracted developers like ZEN Energy and Tesla, who say that battery storage could go a long way toward integrating renewables into the state’s grid and solving grid instability problems.
South Australia officials also announced plans for a 250 MW gas-fired generator to act as backup for intermittent renewables.
Officials said the gas plant would be turned on only when power shortfalls are forecasted, according to ABC. A bill is reportedly in the works to give the state energy minister more control over power dispatch, after criticisms of the Australian grid operator stemming from the power outages.
Victoria, meanwhile, is looking at a range of energy storage solutions, including batteries, pumped hydro storage and solar thermal technology. The $20 million investment will come on top of a separate $5 million solicitation for a 20 MW energy storage system issued last month.
Solar energy should be priced fairly, recognising its many benefits
Avoided transmission costs…… Reduced distribution costs… Reduced CO2 emissions…. Health benefits…… Retailing costs….. Additional benefits…
A fair price for rooftop solar? Try 10-18c/kWh REnedweconomy, By Jack Gilding on 20 March 2017
This is the first of a series of articles produced by the fair value for distributed generation project. In this article we explain the background to the project and the basis for our calculation that local rooftop solar is currently worth in the range of 10-18c/kWh when all the network, environmental and health benefits are taken into account. Continue reading
‘Utopia’, the film, can be viewed for the first time online
Bronwyn Lucas Fight To Stop Nuclear Waste Dump In Flinders Ranges SA, 20 Mar 17,
Do we believe what the Feds say? It’s propaganda +++ and poor Kimba, about to have a three-month intensive ‘community consultation’ roadshow …
John Pilger – johnpilger.com … a great Australian journalist! https://www.facebook.com/groups/344452605899556/
Radioactive Repeat: federal radioactive waste Groundhog Day increases uncertainty
A small town on South Australia’s Eyre Peninsula is again in the frame as a site for Australia’s nuclear waste despite being ruled out of consideration less than one year ago because of deep community concern and opposition to the plan.
Yesterday federal Resource Minister Matt Canavan formally accepted two revised site nominations and initiated a 90 day process to measure community views on a planned facility for the disposal of low level and extended storage of higher level radioactive wastes. Last April two previously nominated sites in the region were ruled out of federal consideration.
“This plan is simply not the best way to advance responsible radioactive waste management in Australia”, said ACF nuclear campaigner Dave Sweeney.
“Revisiting a community that has already made its view clear looks more like Canberra’s frustration than community consultation.
“Less than a year ago Minister Canavan’s predecessor Josh Frydenberg ruled the Kimba region out, now it is back on the table. This radioactive waste is a direct hazard for many thousands of years – far longer than any politician’s promise. Short term thinking about long term waste is not good policy or practise.”
ACF joined other environment and public health representatives in the Kimba area last week in a visit that included a public meeting, stakeholder meetings and a regional tour. There is clear and continuing community concern and opposition to the waste plan.
The plan will put further pressure on an already stressed community and further highlights the continued uncertainty in the governments wider approach given it is also exploring a controversial site in the Flinders Ranges at the same.
“There has never been an independent assessment of long-term management options in Australia, rather just a decades long search for a postcode,” said Dave Sweeney. “It is time to stop repeating past mistakes and adopt a new and better approach”.
ACF supports a wide civil society and stakeholder call for Australia’s radioactive waste to be managed in improved storage facilities at existing federal sites to allow for a credible, comprehensive and open exploration of the full range of future management options.
Federal Government running amok in SA communities over nuclear waste
The Federal Government’s decision to advance two sites at Kimba on the Eyre Peninsula for assessment to house Australia’s nuclear waste will cause stress, division and uncertainty for SA communities.
Less than a year ago two proposed sites near Kimba were removed from a national shortlist because of community opposition.
“The Federal Government is toying with the lives of South Australian communities,” said Conservation SA Chief Executive Craig Wilkins.
“Kimba’s original nominations were scrapped due to a lack of broad community support and that opposition remains. This process is damaging and dividing our towns. It is thoughtless, inconsiderate and inconsistent.”
The planned national facility would store intermediate level radioactive waste currently at Lucas Heights in Sydney and dispose of low level waste and contaminated soil from Woomera.
Wallerberdina, a highly contested site in the Flinders Ranges, has been the focus of the federal site search to date and remains on the table despite community opposition.
“The expansion of the site search to Kimba is also a federal vote of no confidence in the Wallerberdina site,” said Mr Wilkins.
“Instead of causing more division and stress across our regional communities the Federal Government should take all the sites off the table. We need a responsible and inclusive approach to radioactive waste management where a proper process is prioritised over our key farming and tourist postcodes.”
South Australia has a history of resistance to radioactive waste projects, from defeat of a plan to establish a facility in the north of the state under the Howard Government to widespread public backlash over the recent push to import and store international nuclear waste.
“We have long-standing state legislation that prevents the establishment of radioactive waste dumps. We will use this and more in our work to support regional communities and keep South Australia free of nuclear waste dumps,” concluded Mr Wilkins.
Weird pro nuclear spin about solar energy being more dangerous than nuclear
Should We Be Concerned About Low Levels of Radiation?’ a talk by Dr.Ian Fairlie
Derek Abbott Nuclear Fuel Cycle Watch South Australia March 18 Thought for the day: When nuclear apologists gleefully announce that more solar panel workers die falling off roofs than nuclear workers from radiation, their excitement is not only creepy but the sentiment is flawed on three counts.
1) The long term effects of radiation accidents haven’t been fully quantified as we have not yet had long term post-Chernobyl empirical experience.
2) The chance of death on the road is over a 1000 times higher than in flight. Yet we all know that air travel is potentially much more dangerous than road transport. And because it is so much more dangerous, the governance around flight is much more strict. We are seeing relatively few immediate deaths from nuclear precisely because it is so strictly controlled. People falling off roofs is tragic: but it does not absolve nuclear. Instead it does tell us we need to increase roof worker safety standards.
3) Solar penetrates urban areas in a distributed fashion, whereas nuclear is placed away from urban centres. So the comparison is not fair to begin with. If we hypothetically replaced domestic solar panels with small nuclear reactors at each house, this decentralized penetration of nuclear would be open to many more mishaps. This would be the correct comparison https://www.facebook.com/groups/1021186047913052/
First Nations Renewable Energy Alliance- a formidable lobby group takes off
Whereas high energy prices often drive Indigenous people off their traditional lands, lower-cost renewables can help communities to thrive no matter how remote.
“We can build a power station where the community exists,” .. “so people are able to successfully live in the environment the way they want to live and have access to power which enables them to better determine their economic future.”
How an Indigenous renewable energy alliance aims to cut power costs and disadvantage
First Nations lobby group will support remote communities looking to make transition – and tackle climate change, Guardian, Dyani Lewis, 17 Mar 17
Like so many of the Indigenous communities dotted across the Australian continent, the remote communities in north-west New South Wales are struggling. “These are not happy places,” says the Euahlayi elder Ghillar Michael Anderson.
Many of the 300 or so residents of Anderson’s hometown of Goodooga rely on welfare, he says. Exorbitant electricity bills – up to $3,000 a quarter for some households – further exacerbate the poverty. “We’re always at the end of the power line, so the service that is there is quite extraordinary in terms of cost.”
Many other communities rely on expensive, emissions-intensive diesel-powered generators to meet their electricity demands. “It’s a real problem and we need to make sure that we fix this,” Anderson says.
To that end, Anderson and 24 other Indigenous leaders have formed the First Nations Renewable Energy Alliance, which aims to tackle high power costs and entrenched disadvantage – along with climate change – by pushing for renewable energy in Indigenous communities. Continue reading
Australian householders turning to energy independence with solar and battery storage
Households abandoning the grid have ‘lost faith’ , The Age, Brian Robins, 17 Mar 17 The federal government has been warned that the rise in spending on solar energy systems is clear evidence households have “lost faith” in their energy suppliers, as they move to get greater control over the cost of their electricity bill.
In its submission to the Finkel Review which is being conducted into the future security of the electricity market, Energy Consumers Australia said its research has highlighted the shift that is now emerging.
“While assumptions are often made that generous feed-in-tariffs and solar PV’s clean attributes have been the primary motivators for their uptake, our research indicates that the primary reasons consumers are investing in this technology is to manage consumption and gain control of costs. The desire for independence from the grid is a particularly strong driver for early interest in battery storage,” it says.
“We see this as a clear indication that consumers have lost faith in the traditional market’s capacity to deliver value for money, and are taking matters into their own hands.”
Energy Consumers Australia undertakes regular detailed surveys of household attitudes to their energy supplies and while most households are not actively engaged in the retail market for electricity, due to a variety of factors, as many as 1.5 million households have engaged by making a significant investment in solar rooftop photo voltaic systems, it said.
And even as the historically generous subsidies supporting the installation of these systems is being wound down, its research has found that a third of households are considering installing these systems over the next five years, with as many as 27 per cent considering installing battery storage systems. But these options are more limited for households which rent or live in accommodation which is unsuitable for the installation of these systems.
“This risks the costs of building and maintaining the [national electricity market] being increasingly recovered from a subset of consumers who are on lower incomes, haven’t been able to break into the housing market, or small businesses in commercial premises subject to investment decisions by owners,” it noted in its submission to the review.
Similarly, its community consultations have found more consumers want to be able to trade or share electricity at the local level……. http://www.theage.com.au/business/energy/households-abandoning-the-grid-have-lost-faith-20170316-gv07mz.html
Snowy Hydro plan – Turnbull camouflaging its renewable energy side from his colleagues
sometimes the leader of the nation can join the policy discussion only by disguising his good ideas in a drizabone and bush hat, lest they be recognised for what they are by his own colleagues.
It’s great news – but sadly, Turnbull’s hiding the greens under the mash, Guardian, 18 Mar 17 Lenore Taylor
Huge potential of pumped hydro at Snowy Mountains could pave the way for a 100% renewable energy grid, but don’t tell the prime minister’s colleagues “……This week the prime minister announced some details of a big idea he has been hinting at all year – the massive potential of pumped hydro to help solve Australia’s energy crisis.
But like a parent hiding the nutritious goodness of veggies under the familiar stodge of gravy and mash, he covered the truly exciting potential of his plan under the reassuring nostalgia of a revived “nation-building” Snowy Mountains scheme, complete with hard hat and hi-vis vest.
It was duly reported as a “blast from the past” and a “trip down memory lane” with much reassuring emphasis on the jobs that could be created and file footage of hard-working post-war immigrants.
But – if it works – this revived Snowy Mountains scheme could actually pave the way for a reliable 100% renewable energy grid. It could end all that talk about how we need super-duper extremely “clean” coal for “baseload” power. Once you can store and dispatch power at this scale, the whole idea of “baseload” has been overtaken. And this latest “push” for nuclear energy will be dead before the mining industry has a chance to wind up another million-dollar advertising campaign. If the feasibility studies are positive, it won’t be a “blast from the past” at all, it will be a big leap into the future. Continue reading
73% of Australians want investment in solar, not coal
Ian Chappell stands by Adani mine letter despite being called ‘elitist’ by Coalition MPAdani ‘categorically’ rejects letter signed by 91 prominent Australians as protesters confront Queensland premier during tour of Adani’s Indian HQ, Guardian, Joshua Robertson, 17 Mar 17 “……A new ReachTel poll has found 73% of Australians agree that “the best thing for Australia would be for Adani to invest in large-scale solar power stations, rather than a new coalmine”.
The poll, commissioned by the Australian Marine Conservation Society, surveyed 2,134 Australian residents on Tuesday.
They were also asked whether the Queensland premier, Annastacia Palaszczuk, and regional mayors currently on a trade mission to India should be “seeking investment in clean energy solutions like new solar power stations or in coalmines”.
It found 72.1% preferred solar while 14.6% preferred coal.
A copy of the open letter shows 91 signatories, including former Australian environment minister Peter Garrett, Perth-based UK-born comedian and author Ben Elton and investment banker Mark Burrows.
It “respectfully” called on Adani’s billionaire chairman, Gautam Adani, to drop the mine plan for three reasons. It would drive global warming that threatened the Great Barrier Reef nearby, it loomed as a “public health disaster” according to the medical journal Lancet; and it “does not have wide public support in Australia”, the letter said.
ACF is appealing a federal court finding against its challenge to commonwealth approval of the Adani mine on the grounds it did not account for climate change impacts on the Great Barrier Reef through carbon emissions.
The court ruled the federal environment minister was entitled to find that if Adani did not go ahead, emissions would come from coal sourced elsewhere. The ACF argues this is “the drug dealer’s defence”.https://www.theguardian.com/environment/2017/mar/17/ian-chappell-stands-by-adani-mine-letter-despite-being-called-elitist-by-coalition-mp
1 This month.
PETITION – To: Prime Minister Anthony Albanese and the Australian Labor Government
Chernobyl: The Lost Tapes – A good documentary on Chernobyl on SBS available On Demand for the next 3 weeks– https://www.sbs.com.au/ondemand/tv-program/chernobyl-the-lost-tapes/235274195556
19 May – Webinar- Webinar: No Nuclear Weapons in Australia
Start: 2026-05-19 18:00:00 UTC Canberra, Melbourne, Sydney (GMT+10:00)
End: 2026-05-19 19:30:00 UTC Canberra, Melbourne, Sydney (GMT+10:00)
20 May – Webinar – The dangerous world of AUKUS, US, military occupation and suppression of dissent
National Webinar, 20th May, 2026, 6.30pm AEST. Confronting laws restricting/suppressing protest speech and action
Speakers: Former Sen. Rex Patrick, Lawyer Nick Hanna ,Arthur Rorris ,Jorgen Doyle, Sen David Shoebbridge,
Facilitator Kelley Tranter.
of the week – Australians for War Powers Reform (AWPR)
To see nuclear-related stories in greater depth and intensity
Antinuclear 