I can no longer keep up with this“Federal Resources Minister, Senator Matt Canavan, is misrepresenting Wangan and Jagalingou people again, as he and his National Party leader and Deputy Prime Minister, Barnaby Joyce, come down hard on Westpac.
The big four bank announced a new policy which cuts Adani out of any future lending.
“It would be laughable if it wasn’t so serious, the National Party talking climate action and Aboriginal rights, and giving economic advice to a commercial bank.
Here is the great ‘pork barreling’, coal burning and anti-land rights party of Australian history
arguing for Aboriginal advancement, and lecturing banks on climate policy and how to do business.
“All part of doing Adani’s bidding of course… Chairman Gautam Adani, made an unannounced visit to Queensland this weekend to reassure politicians “the decision would have no impact on plans for the multibillion-dollar mine.“ He met with Canavan.
“Quid pro quo, no doubt, for the Federal Government bending over backwards to change the Native Title Act to suit Adani’s interests.
“Canavan of course, like Mundine the week before, trotted out the convenient fiction as cover for trashing Aboriginal rights. Canavan claims Westpac “have also turned their back on the indigenous peoples of Queensland by this decision, because this mine in the Galilee Basin is supported by the Wangan and Jagalingou peoples. They met last year and voted on the mine, they voted on the mine 294 to one in support of it, yet that’s not good enough for Westpac”, he claimed in The Australian.
“Westpac didn’t make a decision based on Aboriginal rights one way or the other. W&J was the last thing on its business mind, sadly.
“But one more time for the record…
“Adani didn’t ‘negotiate’ and achieve the free prior informed consent of the W&J people. … “
As with renewables, I am snowed under with news about Adani’s coal mine. It is indeed the critical issue in Australia right now, (well after the risk of joining Trump in war). However, as this site is dedicated to Australia’s fight to be nuclear-free, I am now, reluctantly, cutting short the posts on this topic.
Canavan’s call to boycott Westpac a colossally stupid salvo in the new Truth Wars
Michael Bradley
Matt Canavan says Queenslanders should boycott Westpac since the bank is not going to lend money to the colossally wasteful Adani coal mine and becomes sucked into the Nationals Irony Generator.
https://www.crikey.com.au/2017/05/02/matt-canavans-call-to-boycott-westpac-for-adani-coal-mine/
Adani’s telling meltdown over Westpac’s new climate policy
Bob Burton
The angry denunciation of Westpac’s new climate policy – which rules out funding for new mines in the Galilee Basin – serves only to underscore how crucial support from at least one major Australian bank was to Adani’s push to win finance for its beleaguered Carmichael coal project.
http://reneweconomy.com.au/adanis-telling-meltdown-westpacs-new-climate-policy-14504/
Cash, not climate, real concern
Dennis Shanahan
Westpac’s announcement that it would refuse to finance the Adani mine appears to be ‘virtue signalling’.
http://www.theaustralian.com.au/opinion/columnists/dennis-shanahan/westpacs-dirty-big-secret-cash-not-climate-is-the-real-concern/news-story/6121c525df0eeae372e0adb9114d5adc
Fiji asks Turnbull to lobby Trump to stay with Paris climate deal, REneweconomy, By Giles Parkinson on 2 May 2017 Fiji prime minister Frank Bainimarama, who will host this year’s climate change talks in Bonn, has asked Australia prime minister Malcolm Turnbull to urge US president Donald Trump to stay within the Paris climate treaty.
In his first address as president of COP23, Bainimarama told the Carbon Markets Institute conference in Melbourne on Tuesday that he had written a letter to Trump, who has dismissed climate science as a Chinese hoax, urging the US to stay within the Paris agreement.
Bainimarama met with Turnbull at the PM’s home in Sydney on Sunday and said he had asked Turnbull to convey the message to Trump when he meets with him next week.
“My message to Donald Trump, and the message that I hope Malcolm Turnbull will also convey is ‘Mr President, do not abandon the Paris agreement, please stay the course’.”
Bainimarama said it was clear from the latest climate science that the world is running out of time, and it may already be too late to avoid many of the impacts.
“Climate change is not a hoax, it is frighteningly real,” he said. “Billions of people are losing the ability to feed themselves … We need to limit the damage … failure is not an option.”
He has appointed a climate science denier, Scott Pruitt, to lead the Environment Protection Agency; appointed deniers to numerous other key portfolios; and has sought to roll back all climate change and clean energy initiatives, and remove rules restricting what he calls “clean coal.”
However, a decision on whether to leave the Paris deal, expected last week, has been delayed………http://reneweconomy.com.au/fiji-asks-turnbull-to-lobby-trump-to-stay-with-paris-climate-deal-96273/
Federal Labor backtracking on support of Adani’s planned Carmichael coal mine, ABC News, 1 May 17 By political reporter Dan Conifer, Federal Labor is stepping back from its support of Adani’s proposed multi-billion-dollar Queensland coal project.
The Indian company is still to decide whether to proceed with its Carmichael mine in the Galilee Basin.
Earlier this month, Federal Opposition Leader Bill Shorten backed the project.
“I support the Adani coal mine so long as it stacks up. I hope it stacks up,” Mr Shorten said.
But Labor’s energy and environment spokesman Mark Butler today warned the development could hurt other coalmining areas……..
Westpac last week released a climate change policy stating it would only lend to projects involving higher-quality coal. The decision effectively ruled out financing the Adani development and any other ventures using coal from the Galilee Basin.
Mr Butler said the bank’s move was further proof “the economics of this project don’t stack up”.
“The demand for thermal coal exports around the world is in rapid decline,” he said.
“I think instead we should be thinking about other economic development and job opportunities for North Queensland.”
He said the Carmichael project would need a “miracle” to proceed.
Adani is seeking a $900 million taxpayer-subsidised loan for a rail line to the Abbot Point coal port.
According to Forbes’ rich list, group chairman Gautam Adani and his family are worth more than $8 billion.http://www.abc.net.au/news/2017-04-30/federal-labor-backtracks-on-support-of-adani-coal-mine/8483932
Westpac’s anti-coal stance exposes a Coalition out of sync with business and public on climate http://www.theage.com.au/federal-politics/political-opinion/westpacs-anticoal-stance-exposes-a-coalition-out-of-sync-with-business-and-public-on-climate-20170428-gvuw4m.html Mark Kenny, Obviously Westpac’s public ‘un-friending’ of new coal – for which you can read Adani’s Carmichael coal mine in the Galiliee Basin – is a body blow for a project whose backers are thinning by the day.
Westpac is the last of the big four Australian banks to bin Adani’s publicly toxic prospectus.
All are unmoved by the lure of ongoing coal profits, especially if it comes with ties to a venture that has become a byword for climate change denial.
Adani will continue to seek other financiers – including extraordinarily, the Australian taxpayer from whom it is telling Indian backers, it remains eligible for a $1 billion loan. This is despite the Northern Australia Infrastructure Fund rules, which appear to render it ineligible.
With or without that welfare, the business case for new coal generally and the Adani mine in particular, looks to be ebbing. Fast.
Westpac’s decision is an environmental declaration of intent. But it is a coldly commercial one also that recognises what the Australian government defiantly rejects: coal’s day has passed.
Resources and Northern Australia Minister Matt Canavan hit out strongly at the bank, suggesting it had succumbed to the inner-city politics of Sydney rather than the employment needs of the sunshine state. Remarkably, Canavan – cabinet minister – even advocated a boycott, counselling potential customers to back a bank that backs Queensland’s interests.
Doubtless there would be many Queenslanders upset by the Adani venture, not least the thousands already employed around the Great Barrier Reef.
Besides, Westpac is hardly going out on a limb. Try going to the AGL website. One of the nation’s biggest energy companies has announced a new campaign to end its association with coal entirely: “The reasons for getting out of coal are all around us” its homepage proclaims.
Privately, Malcolm Turnbull must surely be hoping the Adani thing just goes away. The PM may be a progressive rationalist at heart but in his head there are other realities to balance. Party room realities like Tony Abbott, Peter Dutton, and the Nationals, whose head-in-the-sand record on climate change has left farmers so exposed that even the National Farmers Federation now proposes a carbon price.
Paul Keating once described Turnbull as a cherry on a compost heap. The trouble with compost heaps is they tend to be stationary. This issue is anything but, and if you want proof, just follow the money.
Turnbull wants to subsidise coal AND gas transport, REneweconomy, By Sophie Vorrath on 27 April 2017 Prime minister Malcolm Turnbull has again declared his support for all things fossil fuel, after suggesting his government could use public money to sponsor both new coal and gas production facilities in Australia, via the Northern Australia Infrastructure Fund.
In his latest concession to the nation’s powerful fossil fuel lobby, Turnbull told Brisbane Radio that the fund could be used both to subsidise gas pipelines in northern Australia and to underwrite the plans of Indian coal giant Adani to build a rail line from its proposed Carmichael mine………
Activist group GetUp said Turnbull’s plan to use public monies to underwrite gas pipelines was “another white elephant”.
“Not content with handing over a billion dollars to prop up Adani’s doomed coal project, Turnbull now wants to spend public money on an expensive and unviable gas pipeline as well.” said GetUp’s Miriam Lyons.
“Spending public money on white elephants in waiting is a betrayal of everyday Australians who pay their taxes to fund public services and public-interest infrastructure.
“As with Adani’s doomed Carmichael project, a gas pipeline from the Northern Territory to Queensland doesn’t stack up economically,” Lyons said.
“It will also do nothing to stop price-gouging by greedy gas generators who have a stranglehold on the market for supplying power to meet demand spikes caused by heatwaves and cold snaps.
“The best thing we can do to break the power of greedy gas companies is to back the competition: cleaner, cheaper, fracking-free energy from solar and storage, as well as energy efficiency,” she said. http://reneweconomy.com.au/turnbull-wants-to-subsidise-coal-and-gas-transport-61896/
March for science? After decades of climate attacks, it’s high time, https://theconversation.com/march-for-science-after-decades-of-climate-attacks-its-high-time-76041 The Conversation, PhD Candidate, Sustainable Consumption Institute, University of Manchester, April 20, 2017. This Saturday, the March for Science will be held in cities around the world – coincidentally enough, ten years to the day since John Howard urged Australians to pray for rain.
While such marches are not the answer to everything, their very existence tells us that science is under attack, not merely from defunding of research bodies, but also via attacks on the inconvenient truths of climate science.
While scientists weep over the Great Barrier Reef, some politicians respond by laughing and joking. Continue reading
Energy policy: Gladys Berejiklian government might be greener than Mike Baird’s, SMH, 15 Apr 17 Kelsey Munro “….. Anthony Roberts, planning and housing minister in Gladys Berejiklian’s NSW government, which some believe is showing a far greener hue than the paralysed politics of climate change at federal level might lead anyone to expect.
Witness the Premier’s visit to the flood-stricken north coast earlier this month, where she said the flood was “a one in-40-year event, if not longer”, before adding, matter-of-factly, “Unfortunately, these freak weather incidents are going to increase.”
That is the language of a politician who takes mainstream climate science as an article of faith.
The government’s signals are particularly clear in energy policy, where the new Energy and Resources Minister Don Harwin is touting a statewide “boom in renewable energy projects”, mainly in large-scale solar. “Latest figures show our renewable energy sources already contribute 14 per cent to the NSW electricity energy mix,” he told Fairfax Media. “During the state’s heatwave on February 10 this year, at the time of peak demand, renewables provided 29 per cent of total energy generation.”
The government last week backed a Greens motion to support a technical change in the structure of the national energy market that would put batteries and other storage technologies on a level playing field with more established generators, with Mr Harwin saying in parliament he had already communicated that position to the Australian Energy Market Commission……..
According to the government’s modelling, 79 per cent of NSW greenhouse gas emissions come from fossil fuels………
One significant factor is that the economics have changed dramatically. It is now far cheaper to build large-scale solar or wind than new fossil fuel powered stations, Ms McKenzie said, pointing to the Council’s recent report which found electricity from new coal-power stations would cost $160 per megawatt hour, while solar farms are around $110 per megawatt hour and falling……
Nationally, Australia’s greenhouse gas emissions are rising steadily, after a carbon tax-driven dip between 2012 and 2014. http://www.smh.com.au/nsw/energy-policy-gladys-berejiklian-government-might-be-greener-than-mike-bairds-20170414-gvkyod.html
The Adani coal mine would be a poor use of our taxes, SMH, 15 Apr 17, The Adani coal mine in the Galilee Basin of Central Queensland looks like the Trump presidency did around this time last year: a bad idea with foreseeable bad consequences that may yet prove unstoppable.
The project will create “tens of thousands of jobs” and generate “an enormous amount” in taxes and in royalties, revenues for federal and state government”, the Prime Minister enthused. Meanwhile Barnaby Joyce has been banging the drum about how the coal will light up hundreds of thousands of poor households. In other words, lending our taxes to the billionaire proprietor would do India’s poor people a favour.
For now, new native title legislation that would remove one obstacle is blocked in the Senate, but the government is determined to fix that…….
It would be a very bad look indeed if the project goes ahead with the help of funds from the Australian public. It not only goes against this government’s belief in the wisdom of the free market, but would be yet another piece of embarrassing climate change denialism that sets us apart from more forward-thinking nations – including China and India – that are walking away from coal in favour of renewables.
The pivotal question for now is whether the project meets the eligibility criteria for a loan. The fact that the loan would only be available if the project couldn’t proceed otherwise (or would be seriously delayed) creates the bizarre situation that taxpayers are left footing the bill when commercial lenders baulk.
But it’s not up to politicians to decide whether Adani Mining gets the loan, although resources minister Matt Canavan, a strong supporter of the Carmichael mine, has the ultimate sign-off on disbursement of the loan funds. It’s up to the board of the Northern Australia Infrastructure Fund to make a fully independent assessment on commercial grounds. Taxpayers are entitled to expect the board to be scrupulously diligent in its decision.
To date more than a dozen banks and other funding sources have declared they won’t back the project or have pulled out of existing funding arrangements. The project’s opponents say it’s no longer financially viable, if it ever was. It augurs badly that India’s coal and power minister Piyush Goyal has repeatedly stated a goal to stop importing coal, even specifying a time frame of between two and three years, so Adani coal imports would be up against the tide.
Add to that ongoing Indian government investigations into Adani group companies, including for alleged profiteering on coal imported from Indonesia and for international tax arrangements, it’s clear the NAIF board has a lot to consider…….http://www.smh.com.au/comment/smh-editorial/the-adani-coal-mine-would-be-a-poor-use-of-our-taxes-20170413-gvkac0.html
Australian Climate Denial Think Tank Picks Cat Author and Moonman Ken Ring as Climate Expert, Desmog blog, By Graham Readfearn, April 9, 2017 Do you love cats and want to know what makes them tick? Do you think climate change is a hoax being pushed as part of a eugenics plot? Do you like rubber band magic?
Australian “think tank,” the Institute of Public Affairs (IPA), has launched a fundraising drive for its 2017 edition of the book Climate Change: The Facts.
The IPA is Australia’s biggest pusher of climate science denial and has assembled a conga-line of deniers and contrarians to write chapters for the upcoming publication. Continue reading
Professor Emeritus of science at Griffith University says govt energy policy risks ‘catastrophe’
A “CATASTROPHIC collapse of life” is drawing closer and parts of Australia could become unlivable by the end of the century if we don’t change course
That’s the warning from the highly decorated Professor Emeritus of the School of Science at Griffith University, and former president of the Australian Conservation Foundation, Professor Ian Lowe.
As public debate rages over the potential opening of the Adani coal mine in Carmichael, Queensland, Prof Lowe believes the government’s dedication to fossil fuels is taking the country in a troubling direction.
Speaking to news.com.au he worried that the government’s intention to not only open up the controversial Carmichael coal mine but also open up the Galilee basin will “effectively guarantee the frying of the planet”.
“If we continue to expand fossil fuels — which is what things like opening up the Galilee Basin means — by 2050 the average global temperature will be at least two degrees more,” he said.
Under such a scenario, he expects parts of inland Australia to see average temperature rises that would make them virtually unlivable by the second half of the century.
“It’s difficult to imagine how life will continue in places like Alice Springs and Bourke under that sort of regime.”
In the coming decades, he believes countries including Australia who are not doing enough to combat global warming will receive backlash from the international community.
“I think there’ll be increasing international pressure for Australia to get into line,” he said……. .http://www.news.com.au/technology/environment/conservation/griffith-universitys-head-of-science-says-govt-energy-policy-risks-catastrophe/news-story/f7cf7b285a7e9e5fdba0457d28591997
Loaning $900m for Adani’s central Queensland coal railway too risky, environmental lawyers say The World Today By Katherine Gregory Environmental lawyers have warned directors of the Northern Australia Infrastructure Facility (NAIF) to not fund Adani’s proposed coal railway in central Queensland because it is in breach of their duties.
Key points:
Indian coal miner Adani has been seeking a $900-million loan to build the railway line from its proposed mine site in the Galilee Basin to the Abbot Point coal port.
Not-for-profit legal group Environmental Justice Australia (EJA) said the Federal Government’s NAIF directors need to consider the financial risks associated with climate change and he warned the investment was not commercially viable.
Environmental lawyer David Barnden said EJA sent a letter to NAIF’s directors on Tuesday outlining the duty. “The risks to the Adani rail project in the Galilee basin are too great,” Mr Barnden said.
“And there is a massive risk of it being a stranded asset and we think that if NAIF officials are to comply with their duties, then they cannot fund it.”
Mr Barnden said the directors were bound by statutory duties, according to the public governance and performance accountability act, which all Commonwealth public officials need to comply with.He said if they do decide to use taxpayer funds for Adani’s project, then “it would be a breach of law and a breach of a legal standard”.
Mr Barnden also said the Australian taxpayer would also be exposed to financial risk if NAIF decided to fund the project. “If there is no market for this coal, there’ll be no payment to the rail project and project couldn’t replay any loan to it,” Mr Barnden said.
The Australian Conservation Foundation (ACF) commissioned the environmental lawyers’ advice on the issue.
The ACF has been using all avenues, including legal options, to stop Adani’s coal mine, fearing it will contribute to climate change and also further damage the Great Barrier Reef……say http://www.abc.net.au/news/2017-04-12/adani-queensland-coal-mine-railway-$900m-loan-too-risky/8439582
Australia’s climate bomb: the senselessness of Adani’s Carmichael coal mine https://theconversation.com/australias-climate-bomb-the-senselessness-of-adanis-carmichael-coal-mine-76155 Senior Lecturer, Communications and Media Studies, Monash University April 12, 2017 Veteran environmental campaigner and former Greens senator Bob Brown has previously pointed to Adani’s proposed Carmichael coal mine as the new Franklin River of environmental protest in Australia. Yet the future of this “climate bomb” hangs in the balance.
The ongoing contest over the mine’s approval is about to get very heated. Some of the final decisions are to be made very soon.
On Wednesday, Prime Minister Malcolm Turnbull declared that native title claims would not impede the approval process, and that Adani would press ahead with its plans to seek A$1 billion in funding for the rail line needed to transport coal to Abbot Point for export.
The consequences of going ahead with the mine are almost incalculable. This is not simply because of the emissions it will produce, but from the fact it promotes and normalises the insanity that coal can still be “good for humanity”.
Here’s my list of the ten most-absurd things about the Adani mine. Continue reading
“His idea of protecting the Reef is giving a coal billionaire a billion dollars to build a coal mine right on the Reef’s doorstep.
Turnbull slammed for “sucking up” to Adani, as business pushes 50-year life for coal plants, REneweconomy, By Sophie Vorrath on 11 April 2017 Prime Minister Malcolm Turnbull has come under renewed criticism from Australian environmental groups after meeting with senior executives from Indian coal mining giant Adani Group as part of his three-day state visit to India.
The meeting with Adani chair Gautam Adani and other company executives in New Delhi on Monday coincides with deliberations on company’s final investment decision on the $21-billion Carmichael coal mine in Queensland’s Galilee basin, which is set to be Australia’s largest coal mine, if built. Continue reading
of the week – Australians for War Powers Reform (AWPR)
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