Companies like AGL waiting for government clarity on renewable energy policy
AGL puts an each-way bet on renewable energy, The Age February 11, 
2016 Elizabeth Knight AGL:Environmental terrorist or evangelist? Take your pick but financial pragmatist is probably the best description.
The fact is that this company makes most of its earnings off the back of carbon producing coal-fired energy production and is using the proceeds to seed a $3 billion renewable energy fund that will invest in clean sources of power like solar and wind.
There is nothing new age environmentally conscious in this. Like any corporation that is looking to maximise returns, AGL (like several others) understands that the writing is on the wall for the the production of dirty energy – in the longer term. Thus it is making an each-way bet on the future.
Make no mistake, companies like AGL make investment decisions primarily with reference to investment returns rather than environmental outcomes – regardless of the rhetoric. This is the company that last week announced it was winding down its interest in the coal seam gas industry.
Once again it was influenced by community uproar and protests about fracking in their back yards but the decision was one centred on the the gas supply/demand equation and the capital costs of firming up an unreliable coal seam gas resource……..
Renewables tipped to pay off
Longer term it is clear that AGL is taking a punt that the balance will ultimately move between clean renewable energy and the dirty stuff which earns its healthy profits today – hence this week’s creations of the renewables fund.
One of its existing clean energy assets will be effectively vended into this new renewables fund…….
To really move the dial towards producing cleaner energy, companies like AGL need stronger support from the government which under the Abbott government gave them little certainty about how much support and financial incentive would be given to green policies.
And AGL is the first to admit that the changes in government policies over the past 4 -5 years has made investment decisions difficult.
Ultimately AGL, which is the country’s largest generator, its largest emitter of greenhouse gases and the largest builder and operator of renewable energy is a particularly important part of the conversation about Australia’s energy use and generation.
And as such the allocation of its investment should exert some influence on government policy. But it is limited in how fulsome any commitment to investment in clean energy can be until it can be secure with the level and the timing it will receive from legislators. : http://www.theage.com.au/business/comment-and-analysis/agl-puts-an-eachway-bet-on-renewable-energy-20160210-gmqh1t#ixzz3zu51N8JO
Big Electricity Company AGL launches $3b renewable energy fund
AGL Energy going greener with launch of $3b renewable energy fund, SMH February 10, 2016 Angela Macdonald-Smith Electricity major AGL Energy has taken its most decisive steps yet to reposition itself for a lower-carbon future, launching a $3 billion renewable energy project fund and investing $US20 million ($28.4 million) in a Californian solar and battery storage developer.
The latest moves come less than a week after the country’s largest emitter of greenhouse gases announced it would quit natural gas production and caps what chief executive Andy Vesey describes as a “very significant strategic pivot” during his first 12 months in the role.
The new unlisted fund will hold AGL’s recently completed solar power projects in western NSW and will be partly owned by AGL, which will contribute $200 million in equity, alongside partners which are likely to be local infrastructure funds.
AGL’s exit from gas production incurred a $640 million after-tax write-down, as flagged last week, which drove the company into the red in the first half……..
Mr Vesey said the strong performance of AGL’s core business “highlights that we are well positioned to capitalise on the evolution occurring in the energy sector”, leading to the launch of the Powering Australian Renewables Fund, which he had hinted at late last year.
The fund will aim to develop at least 1000 megawatts of large-scale renewables projects, about 20 per cent of capacity needed to meet the 2020 Renewable Energy Target, at a cost of $2 billion to $3 billion.
Feedback from “soft soundings” among potential co-investors has been positive, with the line-up of partners likely to be finalised towards the end of June, Mr Vesey said. Australia’s large banks are likely to contribute senior debt, while mezzanine financing could also be involved, said chief financial officer Brett Redman.
Green welcomeGreen groups welcomed news of the fund, with Clean Energy Council head Kane Thornton describing it as the sort of move that is “crucial to unlocking the many thousands of megawatts of renewable energy projects that are ready and waiting to be built around Australia.” http://www.smh.com.au/business/energy/agl-energy-going-greener-with-launch-of-3b-renewable-energy-fund-20160209-gmq2in.html#ixzz3zu38xisy
A big mistake to gut CSIRO climate change research
The gutting of CSIRO climate change research is a big mistake, Guardian, John Abraham, 10 Feb 16 To be able to adapt to climate change, we need scientists to project how the climate will change Last week, surprise news shocked the world’s scientific community. One of the most prestigious and productive scientific organizations is slashing hundreds of jobs, many related to climate change research. The organization, the Commonwealth Scientific and Industrial Research Organization (CSIRO for short) is simply put, one of the best in the world. It rivals well-known groups like NASA, NOAA, and the Hadley Centre for its contributions to climate science.
What does CSIRO do that is so special? Many things. For instance, they are world leaders in measuring what is happening to the planet. Their research includes ocean-going vessels and other instrumentation that measure the chemistry and temperature of the ocean; they help track where human-emitted carbon dioxide is going, how heat is building up in the oceans, and what is happening with the general health of the ocean biosystem.
CSIRO is also a modeling superpower. Their climate models form the backbone of our understanding of what changes have happened and what changes will happen because of human greenhouse gases.
But they also have deepened our knowledge about extreme weather. They’ve provided insights regarding how droughts, heat waves, and floods will change in the future.
All of these contributions are important not only for the understanding that they provide but also because this knowledge helps us plan for the future. If you want to know what we can do to mitigate or adapt to climate change, you need this information.
But according to CSIRO chief executive, Larry Marshall, CSIRO should shift focus. …….
Australia is a small country (by population). Yet, it has punched far above its weight class in research. To think that this treasure of a research organization will be gutted is just shocking.
This story has gotten a lot of press in Australia such as here and here. It is also covered in international venues such as here and petitions such as here and here. Let’s hope this move is reversed before it is too late. http://www.theguardian.com/environment/climate-consensus-97-per-cent/2016/feb/10/the-gutting-of-csiro-climate-change-research-is-a-big-mistake
UN Statement on arbitrary detention of Julian Assange
Julian Assange arbitrarily detained by Sweden and the UK, UN expert panel finds United Nations Human Rights Office GENEVA (5 February 2016) – WikiLeaks founder Julian Assange has been arbitrarily detained by Sweden and the United Kingdom since his arrest in London on 7 December 2010, as a result of the legal action against him by both Governments, the United Nations Working Group on Arbitrary Detention said today.
In a public statement, the expert panel called on the Swedish and British authorities to end Mr. Assange’s deprivation of liberty, respect his physical integrity and freedom of movement, and afford him the right to compensation (Check the statement: http://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=17012&LangID=E) Continue reading
Adani going for solar energy project in Australia
Adani pursuing solar energy project February 10, 2016 Indian mining giant Adani is pursuing a solar power project in Australia after years of delays in building a mega coalmine in central Queensland.
The company has confirmed it is chasing investment opportunities in Australia’s solar generation sector, saying it is focusing on potential opportunities in Queensland and South Australia……. http://www.brisbanetimes.com.au/queensland/adani-pursuing-solar-energy-project-20160210-gmqj19.html#ixzz3ztbMquoa
The Lizard is biting back at Olympic Dam uranium mine
Lizard’ bites back with new message http://www.themonitor.com.au/news-articles/160210-lizard-bites-back-with-new-message– 10-Feb-2016 Patrick Glover Hundreds of protestors are set to descend on Olympic Dam for a three-day festival in July.
The Desert Liberation Front previously visited the area in 2012 with its Lizard’s Revenge event.
This year’s gathering, which will run from July 1-3, is being called The Lizard Bites Back.
“The first time, we were very focused on the expansion with the announcement having only been made a few months prior to our visit,” said event co-organiser Nectaria Calan.
“The mine is still there, and it’s four years later now, so we thought it was time to go back to the source.
“The mine is always an issue. It was not just when the expansion was going ahead – it is one of the largest uranium mines in the world, so for us it is already having an impact.
“Now there is the Royal Commission (into nuclear energy) on”
Ms Calan said the event was still in the early planning stages and no activities had been planned yet.
However, she said the group was hoping to hold educational workshops and other activities as part of the ‘protestival’.
The group is also aiming to reach out to more locals this time around. It is inviting anyone interested to visit the campsite during the event.
Ms Calan said she was hoping for a similar attendance to the previous festival’s crowd of hundreds.
Senior Sergeant Terry Boylan said South Australia Police (SAPOL) was well under way with planning for this year’s protest, as extra officers may need to be called in.
A BHP Billiton spokesperson told The Monitor the company wished to make no comment regarding the protestors’ visit at this point in time.
Environmental Defenders Office (SA) outlines critical issues in proposal for nuclear waste facility
Possibility of a high level nuclear waste facility in SA Environmental Defenders Office (SA) Inc. The environment’s legal team since 1992 – protecting the public interest – evening the odds 10 Feb 16
As our nuclear industry, insofar as it exists is principally focused on mining and not on the generation of electricity there would have to be a large amount of new legislation that would have to be enacted in order to establish a high level nuclear waste facility in SA. There are issues regarding environmental impacts, workplace safety, the imposition on aboriginal land, the impact on future generations, the potential for technological changes and security concerns.
Some of the major issues.
Continue reading
South Australia – decision on nuclear expansion at end of 2016
SA govt to hold off on nuclear call http://www.9news.com.au/national/2016/02/09/16/44/sa-govt-to-hold-off-on-nuclear-call South Australia’s government won’t decide whether to expand its nuclear industry until the end of the year, despite a royal commission preparing to release tentative findings.
Former governor Kevin Scarce will on Monday reveal his initial response to whether SA should play a bigger role in the mining, enrichment, energy and storage aspects of the nuclear fuel cycle before releasing his final report on May 6.
Premier Jay Weatherill told parliament on Tuesday that the government will consult with the community and the Commonwealth and provide its response before the end of the sitting year in December.
South Australian Premier Jay Weatherill’s Statement to Parliament on Nuclear Fuel Cycle Royal Commission
Premier Jay Weatherill tabled a Statement (9/02/16) outlining the progress and next steps for the South Australian Nuclear Fuel Chain (sorry, they call it “Cycle”) Royal Commission.
Following the release on February 15, of its “tentative findings“, the Commission will hold a five week “comment period”, during which public meetings will be held in:
Adelaide, Port Pirie, Port Augusta, Whyalla, Port Lincoln, Mt Gambier, Ceduna, Renmark, and Aboriginal communities in the Far North and West Coast.
On 6 May, the Commission will present its final report.
Next – community discussion between May and August.
“Once we have the findings, I would anticipate some engagement with the Commonwealth Government about the final report”
Then “a period of decision making where Government will need to assess the evidence gathered by the Commission, and the feedback from the community before outlining its full response to the Royal Commission
I expect to provide a full response to the Royal Commission to the Parliament before the end of sitting this year.”
In bushfire season, Solar microgrids and batteries are safer than conventional grid
Turner says his company has been in productive talks with Victorian energy minister Lily D’Ambrosio over the prospect of subsidising Zen Energy systems capable of running as a localised backup for periods when the grid needs to be switched off
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Solar microgrids and batteries could prevent another Black Saturday bushfire, Guardian, Max Opray 9 Feb 16, The cause of the Kilmore East fires that contributed to Victoria’s 2009 Black Saturday bushfires was found to be an ageing SP AusNet power line
Smaller sustainable energy systems are a better option than trying to maintain ageing Australian energy infrastructure, say experts On 7 February, Australia solemnly marked the anniversary of an electrical fault.It was on this date in 2009 that Melbourne endured its hottest conditions on record – a sweltering 46.4C. To make matters worse, hot winds blasted through the region at speeds in excess of 100km/h. In Kilmore East, just north of Melbourne, a critical failure in a 43-year-old power line caused bursts of 5000C plasma to arc out and ignite the tinder-dry vegetation in the gully below. Fanned by such extreme winds, the fast-growing inferno would by the end of the day be responsible for the majority of the 173 lives lost in the dozens of fires that engulfed Victoria on Black Saturday, Australia’s worst bushfire disaster. Several of the other blazes that day were started by felled power poles and other electrical issues. This was also the case for many other fires before and since, including Australia’s previous-worst bushfire tragedy, the 1983 Ash Wednesday fires, which claimed 75 lives. Richard Turner, director of South Australian renewable energy powerhouse Zen Energy, has a plan to stop such a thing happening again. Continue reading |
South Australia Riverland farmers get new crop – harvesting the sun
Solar venture in SA Riverland aims to make abandoned crop land productive again, ABC News, 10 Feb 16 By Isabel Dayman Solar energy might be a saviour for some South Australian Riverland fruit growers who abandoned their crops and land during severe drought late last decade.
Key points:
- Solar test site has 800 panels on the roof of an old storage depot
- Proponent Mark Yates says all profits would stay in the local community
- Many fruit blocks were abandoned at the end of last decade due to severe drought
A test site with 800 solar panels on the roof of an old storage depot at Renmark has been set up by Yates Electrical Services director Mark Yates to show what might be possible.
“We wanted to use this as a test case to see what the viability of the small-scale generation plants could be and whether they could be implemented in a community,” he said.
“We’d like to get 12 months of full data — that way we can draw a really clear picture and be really transparent to show people what the costs are and what the returns are.”
Mr Yates said the owners of vacant fruit blocks might be able to generate a profit from the abandoned land, which he said would be preferable to letting big investors set up large-scale solar operations and take any profits elsewhere.
“With our small-scale solar farms, 100 per cent of the profits that the system generates can be retained by the local community,” he said.
“Traditional methods of generating income are always going to [be there], but I suppose this is just a way we can introduce a completely new market to the area.”…….. The Renmark solar test site is expected to start generating power from the region’s abundant sunshine by the end of this month, and it is planned to be sold into the electricity grid. http://www.abc.net.au/news/2016-02-08/solar-plan-a-ray-of-hope-for-riverland’s-former-fruit-growers/7149150
Clean Energy Finance Corporation funds Energy-efficient housing
Energy-efficient housing to get $250m boost from Clean Energy Finance Corporation, Guardian, Lenore Taylor, 8 Feb 16
The agency, which the government is still seeking to abolish, will fund up to 1,000 homes for low-income earners. The Turnbull government will announce $250m in loans for energy-efficient public housing on Tuesday, funded by an agency it is still seeking to abolish.
The $250m will be provided by the Clean Energy Finance Corporation (CEFC) to community housing providers to fund up to 1,000 new energy-efficient homes for low-income earners.
The government says it would still like to abolish the CEFC but cannot get the legislation through the Senate. Instead it is merging the body into a new division in the environment department called “climate change and renewables innovation”, apparently to reassure Coalition MPs sceptical about the CEFC’s operations that it is working in coordination with Coalition policy……..
Under Tony Abbott, the Coalition sought to ban the CEFC from investing in windfarms and the former treasurer Joe Hockey labelled it a “giant $10bn slush fund”.
After Malcolm Turnbull became prime minister that directive was softened to a request that it focus on “offshore wind technologies” as well as cities and the built environment. Hunt says abolishing the investment bank is still his “long-term” policy…… http://www.theguardian.com/australia-news/2016/feb/08/energy-efficient-public-housing-to-get-250m-boost-from-clean-energy-finance-corporation
Rural Australia loses climate science guidance from CSIRO
Martin McDonald: Climate change has not been answered for farmers – we need more information, not less
Cuts to the CSIRO’s climate and land and water research will make finding solutions – and making milk Australian families can afford – ever more difficult
http://www.theguardian.com/commentisfree/2016/feb/09/climate-change-has-not-been-answered-for-farmers-we-need-more-information-not-less
Canberra Times Editorial: CSIRO a chance for PM to lead on climate
Malcolm Turnbull should give the research organisation with a little more room to breathe.
http://www.canberratimes.com.au/comment/ct-editorial/csiro-has-given-the-prime-minister-an-opportunity-to-lead-on-climate-policy-lead-20160208-gmp38x.html
Mel Fitzpatrick: Job cuts threaten to sink science
CLIMATE research community fears Australia’s highly regarded programs are at risk
http://www.themercury.com.au/news/opinion/talking-point-job-cuts-threaten-to-sink-science/news-story/a6932b8499835afe3233593a3df7ac52
Australian Government cuts climate science jobs at CSIRO
CSIRO climate scientists speak out about job cuts
As the boss of the CSIRO continues to defend his planned restructure, senior climate scientists have spoken out about their fears. A Chief Research Scientist has told PM Australia risks losing world-leading research capabilities. Another says climate work that helps with weather prediction, ocean rescue, defence capabilities and natural disaster prediction is under a cloud.
http://www.abc.net.au/pm/content/2015/s4402366.htm
CSIRO staff ponder industrial action over climate shake-up
CSIRO’s staff body has taken steps towards industrial action as the fallout from the restructure continues.
http://www.theaustralian.com.au/national-affairs/industrial-relations/csiro-staff-ponder-industrial-action-over-climate-shakeup/news-story/f09aab1d5ae2c0c8128cecd0496d0cab
CSIRO cuts criticised by senior UK climate scientist – don’t stop the underpinning science
A senior climate scientist at the UK national weather service has criticised the proposed job cuts at the CSIRO, which will reduce the organisation’s capacity to monitor climate change.
http://www.abc.net.au/worldtoday/content/2015/s4402135.htm
Michael Slezak: CSIRO climate cuts attack a national treasure when we need it most
Chief executive Larry Marshall is right that we need to invest in adaptation, but this requires a proper understanding of how the climate will change
http://www.theguardian.com/australia-news/2016/feb/08/csiro-climate-cuts-would-be-attacking-a-national-treasure-when-we-need-it-most
John Birmingham: Blunt Instrument: CSIRO cuts bring Australia global fame for choosing stupid
From the earliest days of the penal colony the journals of the First Fleet officers remarked upon the weird, often violent climatic changes that made survival in the antipodes such a fraught, contingent affair.
http://www.canberratimes.com.au/comment/blunt-instrument/blunt-instrument-csiro-cuts-bring-australia-global-fame-for-choosing-stupid-20160208-gmovwf.html
UN report finds in favour of Julian Assange
Assange also remains fearful of a potential future extradition to the US, where a secret grand jury has been looking into whether to prosecute him over WikiLeak’s publishing activities……..
the former chair of the UN working group, Mads Andenas, defended its finding, saying: “There is no doubt that the normal course of action for the Swedish authorities would have been to interview Assange in London. The extradition request was disproportionate
Julian Assange: ‘sweet’ victory soured by British and Swedish rejection
No release in sight despite UN panel deciding WikiLeaks founder is being arbitrarily detained at Ecuador embassy, Guardian, Esther Addley,Owen Bowcott,David Crouch in Gothenberg, and Jessica Elgot 5 Feb 16 A UN panel may have found that Julian Assange is subject to “arbitrary detention” and called for him to be allowed to walk free, but the WikiLeaks founder remains exactly where he has been for the past 44 months – inside Ecuador’s London embassy and locked in a three-nation war of words.
Britain and Sweden immediately rejected the UN report, which declared that Assange had been “arbitrarily detained” since his arrest in 2010 and during his lengthy stay in the embassy, where he sought asylum in June 2012. The British foreign secretary, Philip Hammond, described the findings as “ridiculous” and the Australian as a “fugitive from justice”.
However, the panel’s findings, leaked on Thursday and published in full on Friday morning, were a welcome victory for Assange, and a moment he intended to savour fully. At 4.01pm he emerged on to the balcony of the west Londonembassy to greet a crowd of several hundred supporters and journalists, pausing first, just briefly, to glance at the sky he has rarely seen for more than three years.
“How sweet it is,” said Assange, holding aloft a copy of the UN report while supporters shouted: “We love you, Julian!” It had been, he said, “a victory of historical importance”, and a decision reached after a process to which both Britain and Sweden had made submissions. “They lost. UK lost; Sweden lost.”
The Swedish government, however, has insisted the report changes nothing, and that it cannot interfere in an independent prosecutor’s ongoing attempt to extradite Assange for questioning over an allegation of rape dating from 2010, which he denies.
Meanwhile, for Ecuador – the Australian’s (mostly) willing host – the findings meant it was time for the two countries to allow Assange to walk free, and to compensate both him and them for the lengthy period he has been holed up in one of its few rooms……
After exhausting all his legal options in the UK and Sweden some time ago, there is no question that the report represents a boost for Assange’s legal team. Continue reading
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 