BHP Billiton in the Panama corruption papers
BHP Billiton And Wilson Security Linked To Panama Papers 04/04/2016. BHP Billiton, Wilson Security and a major electricity company in Australia are now targets of the Australian Tax Office, after leaked documents linked all three companies to a law firm in Panama and the British Virgin Islands. http://www.huffingtonpost.com.au/2016/04/04/bhp-biliton-wilson-security-panama-papers_n_9607990.html
Panama Papers: Australian companies BHP, Wilson security caught up in tax probe April 5, 2016. More than 800 wealthy Australians are being investigated by the Australian Taxation Office over their dealings with a secretive Panama-based law firm used by the rich to hide money.
BHP Billiton and a security firm that guards major government buildings are among hundreds of Australian names linked to a Panama law firm that helps the rich hide money. …
Four Corners claimed that BHP used Mossack Fonseca offices in the British Virgin Islands to register five companies linked to its aluminium, diamonds, steel and finance arms. http://www.sbs.com.au/news/article/2016/04/04/panama-papers-australian-companies-bhp-wilson-security-caught-tax-probe
Panama Papers Update: Law Firm Mossack Fonseca Listed BHP Billiton’s Two British Virgin Islands Companies As ‘Mandatory High Risk’ April 4, 2016. Panama-based law firm Mossack Fonseca, which is at the center of a massive leak, assessed BHP Billiton Ltd.’s two companies in British Virgin Islands as “mandatory high risk” after the Anglo-Australian mining giant authorized the businesses to receive huge sums of money, the Guardian reported Monday. The exposé related to Mossack FonsecaSunday revealed widespread international corruption connected to offshore tax shelters. http://www.ibtimes.com/panama-papers-update-law-firm-mossack-fonseca-listed-bhp-billitons-two-british-virgin-2347746
The Panama Papers: BHP Billiton’s face-off with Mossack Fonseca April 4, 2016. A financial representative for BHP Billiton threatened to fire notorious Panamanian law firm Mossack Fonseca if it went ahead with a due diligence investigation. http://www.afr.com/news/policy/tax/the-panama-papers-bhp-billitons-faceoff-with-mossack-fonseca-20160329-gntasr
BHP-owned companies triggered ‘high risk’ alert at Panama law firm April 4, 2016. Mossack Fonseca flagged concerns about two of mining giant’s companies in British Virgin Islands because ‘authorised capital is higher than the norm’ http://www.theguardian.com/news/2016/apr/04/bhp-owned-companies-triggered-high-risk-alert-at-panama-law-firm
Panama Papers: ATO investigating more than 800 Australian clients of Mossack Fonseca April 4, 2016. The Australian Taxation Office is investigating more than 800 high net wealth Australian clients of the controversial Panama law firm Mossack Fonseca, which is the focus of an unprecedented leak of tax haven records released globally.
More than 11.5 million documents have been leaked from Mossack Fonseca’s files, revealing the secrets of hundreds of thousands of clients – including several thousand Australians – covering a period over almost 40 years, from 1977 until as recently as last December.
The release of the documents on Monday follows a 12-month investigation by media groups including The Australian Financial Review, led by the International Consortium of Investigative Journalists (ICIJ) in Washington. http://www.smh.com.au/business/banking-and-finance/panama-papers-ato-investigating-more-than-800-australian-clients-of-mossack-fonseca-20160403-gnxgu8.html
Australian companies, taxpayers exposed after Panama Papers leak April 5, 2016. Australian companies BHP Billiton and Wilson Security are among those named in the massive document leak, detailing tax dealings of companies and people from around the world.
The cases are part of a leak of 11.5 million documents from Panama-based firm Mossack Fonseca, which reveals how the rich, including political leaders such as Russian President Vladimir Putin, hide their money. https://au.news.yahoo.com/thewest/a/31269205/australian-companies-taxpayers-exposed-after-panama-papers-leak/
Australian companies BHP Bilton and Wilson Security among those named in Panama papers leak exposing the use of offshore tax havens
- Australian Tax Office is investigating dealings of 800 high net individuals
- It follows massive leak of Panama papers from law firm Mossack Fonseca
- Secret documents show how law firm allegedly helped clients evade tax
- Treasurer Scott Morrison says government is cracking on tax avoidance
The Australian Taxation Office is investigating more than 800 Australians after a massive leak of financial data revealed how 12 current or former world leaders, a host of celebrities and the global rich are using offshore tax havens to hide their wealth.
Australian-linked organisations and business leaders named in the huge leaks include BHP Billiton, Wilson Security, Gold Coast based company director Ian Taylor, and Hong Kong’s richest man and Australian energy market owner Li Ka-Shing, ABC’s Four Corners reports. http://www.dailymail.co.uk/news/article-3522798/Australian-companies-BHP-Bilton-Wilson-Security-named-Panama-papers-leak-exposing-use-offshore-tax-havens.html
Carmichael coal project – the whitest of white elephants
Adani’s Carmichael mine is just not going to happen, The Age, April 5, 2016 Michael West Business columnist Adani is not going to happen; the construction, that is, of the leviathan Carmichael mine, the world’s largest thermal coal mine in the hinterland of the Great Barrier Reef.
Much is the wailing and gnashing of teeth at the move by the Queensland government to approve the project but this approval is entirely political.
The evidence is compelling. Carmichael is the whitest of white elephants.It is all about the appearance of commitment to jobs, jobs that will never occur unless the coal price doubles, and it is about the government not getting bashed up by the opposition for being anti-jobs and abandoning its election commitments.
Even Adani is coy. No sooner had the Indian conglomerate been granted approval than it deferred the project for another year. Buried in the detail of its press release was this: “opportunity for final investment decision and construction in 2017”.
Reaching “final investment decision” would require willing financiers with a cool $10 billion just for Phase One. But Adani’s bankers have long since fled the scene.
There would be no taxpayer support nor “dredging [of the reef] at Abbot Point [port] until Adani demonstrates financial closure,” said Resources Minister Anthony Lynham.
The head of the world’s biggest power provider, chairman Liu Zhenya of China’s State Grid Corporation, recently told a US energy conference the ramp-up of renewable energy and ongoing integration of wind and solar power projects into the grid were gathering pace.
“A fundamental solution [to address power needs and climate change] is to accelerate clean energy,” Liu told his audience of energy executives. The eventual aim was “replacing coal and oil”.
The Panama Papers: The files reveal the darker side of the BHP Billiton merger
The Panama Papers: The files reveal the darker side of the BHP Billiton merger
The Mossack Fonseca files raise questions about the 2001 merger between South African miner Billiton Plc and BHP Ltd— beginning with how dependent the British arm of the big miner has become on tax-free profits from its Singapore marketing hub to pay dividends. (subscribers only)
http://www.afr.com/news/policy/tax/the-panama-papers-what-the-files-reveal-about-the-billiton-merger-20160404-gny1fo#ixzz44tblBLDa
Roundup of news on the Panama global financial corruption scandal
Panama Papers: Mossack Fonseca labels leak a ‘crime and attack’The revelation of the Panama Papers detailing the off-shore structures of many wealthy clients is a “crime” and an “attack” on Panama, the law firm at the heart of the scandal has said.http://www.abc.net.au/news/2016-04-04/mossack-foncesa-says-panama-papers-a-crime-and-attack/7296858
Panama Papers: FIFA officials, Lionel Messi, Michel Platini named in secret offshore files Disgraced FIFA officials, suspended UEFA chief Michel Platini and Barcelona superstar Lionel Messi were amongst the names found the Panama Papers — leaked documents which reveal offshore financial dealings of the world’s rich and famous.http://www.abc.net.au/news/2016-04-04/fifa-officials-and-lionel-messi-named-in-offshore-files/7296140
Panama Papers leak: Australian security company Wilson linked to Hong Kong corruption scandalLeaked documents have revealed that two brothers embroiled in a massive Hong Kong corruption scandal were ultimately in control of an Australian security company that earned roughly half a billion dollars in lucrative government contracts.http://www.abc.net.au/news/2016-04-04/australian-company-wilson-linked-to-hong-kong-corruption-scandal/7291178
Panama Papers: Tax office investigating 800 Australians identified in financial record leak The Australian Tax Office (ATO) is investigating 800 Australian residents named in a massive leak of tax and financial records known as the Panama Papers. http://www.abc.net.au/news/2016-04-04/tax-office-investigating-800-australians-in-panama-papers-leak/7296512
Panama Papers: Iceland PM Gunnlaugsson urged to resign amid Mossack Fonseca data leak By International Consortium of Investigative Journalists and ABC staffPressure is mounting for Iceland’s Prime Minister to resign after an unprecedented leak of data revealed accusations he used an offshore company to hide millions of dollars in investments in Iceland’s major banks.http://www.abc.net.au/news/2016-04-04/iceland-pm-urged-to-resign-amid-panama-papers-scandal/7295742
Panama Papers: Vladimir Putin associates, Jackie Chan identified in unprecedented leak of offshore financial records An unprecedented leak of more than 11 million documents has revealed the hidden financial dealings of some of the world’s wealthiest people, as well as 12 current and former world leaders and 128 more politicians and public officials around the world.http://www.abc.net.au/news/2016-04-04/unprecedented-leak-of-offshore-financial-records-exposes-secrets/7293524
The International Consortium of Investigative Journalists (ICIJ): The Panama Papers: Exposing the Rogue Offshore Finance Industry Leak of more than 11 million documents show heads of state, criminals and celebrities using secret hideaways in tax havens.https://panamapapers.icij.org/
Panama Papers: Greens call for Wilson Security to be stripped of contracts after corruption scandal links exposedThe Greens have called on the Federal Government to strip Wilson Security of its contracts for offshore immigration detention centres after revelations the company has links to a Hong Kong corruption scandal. http://www.abc.net.au/news/2016-04-05/greens-call-for-wilson-security-sacking/7299736
Panama Papers: Here’s who has been caught in the fallout of the Mossack Fonseca leak The unprecedented leak of more than 11 million documents from Panamanian law firm Mossack Fonseca has revealed some of the hidden financial dealings of the world’s rich and powerful.
Here’s a look at some of the more high-profile people feeling the heat after the scandal broke.http://www.abc.net.au/news/2016-04-05/who-has-been-caught-in-the-panama-papers-fallout/7299666
Panama Papers: Iceland PM Gunnlaugsson refuses to resign over tax leaks; protesters take to streets Iceland’s Prime Minister is refusing to resign after leaked tax documents known as the Panama Papers revealed accusations he and his wife used an offshore firm to allegedly hide million-dollar investments. http://www.abc.net.au/news/2016-04-05/icelandic-pm-refuses-to-resign-over-panama-papers-leak/7298944 (Actually I think that he has now resigned)
Panama Papers: Fraudsters, former tax officials among Australians identified in Mossack Fonseca leak Convicted fraudsters, directors banned by the corporate regulator and former Australian Tax Office (ATO) officials are among hundreds of Australians linked to companies incorporated by Panamanian law firm Mossack Fonseca. http://www.abc.net.au/news/2016-04-05/australians-identified-in-mossack-fonseca-panama-papers-leak/7297964
(Read more about this investigation by ICIJ journalists and more than a hundred other media partners at:https://panamapapers.icij.org/about.html – and check out the videos and reading list.)
Medical education now addressing radiation risk with medical imaging
30376 – Radiation protection of the patient, RACGP March 16 GplearningMany medical imaging procedures involve exposure to ionising radiation. The immediate and long-term benefits of these procedures are widely understood. However, in clinical settings, both referring and radiological medical practitioners often have limited awareness of the actual doses of radiation and risks involved.
While risk associated with any single procedure is likely very small, the cumulative effect of frequent, often repeated and potentially inappropriate radiographic imaging presents a real public health concern for risks such as radiation-induced cancer.
This activity will cover the measurement of radiation associated with medical imaging; the effects of radiation exposure; the radiation associated with specific imaging procedures; and issues in clinical decision making, including evidence based medicine and risk communication.
The premise of justification is simple: the benefit of the test must outweigh the harm. In clinical practice, the process of justification is often less clear.
GPs are responsible for more imaging referrals than any other group. Most of these referrals are justified (the benefits far outweigh the risks) however, recent reviews suggest that between a significant number of medical radiation exposures may be unnecessary.
This activity will discuss the radiation associated with specific imaging procedures; and issues in clinical decision making, including evidence based medicine and risk communication. …….http://www.racgp.org.au/education/courses/activitylist/activity/?id=32177
Bureau of Meteorology might be able to take over CSIRO’s lost climate research
Bureau of Meteorology plan to take over CSIRO climate change research, The Age, April 5, 2016 Adam Morton, Peter Hannam, The Bureau of Meteorology has offered to save climate research that CSIRO plans to axe under a plan that would see long-term programs and dozens of jobs transfer between the two national science agencies.
The proposal, discussed at a meeting convened by chief scientist Alan Finkel last month, is the most concrete of several ideas thrown up by the scientific community in a bid to retain internationally respected climate researchers and data collection.
Scientific agencies were taken by surprise when CSIRO chief Larry Marshall announced in February that the organisation would stop climate data collection as it re-positioned itself as an “innovation catalyst”, focusing on work that was financially attractive to government or private partners.
The recasting of the century-old Commonwealth Scientific and Industrial Research Organisation, initially linked to about 350 job cuts including up to 100 climate scientists, has drawn criticism from some research institutions in Australia and overseas.
It is understood the Bureau of Meteorology put forward two proposals that would see it hire either 40 or 50 CSIRO scientists as it took on more climate measurement and modelling – but was contingent on additional funding to pay for them. CSIRO is yet to respond in detail……….. Continue reading
Traditional Owners Wangan and Jagalingou condemn Queensland’s decision to approve Carmichael coal mine
QLD Mines Minister Lynham’s Adani mine approval shows gutless and morally bankrupt approach of Government to Traditional Owners’ rights Wangan & Jagalingou Family Council 3 April 06:
“Minister prefers Adani’s misleading and inflated jobs figures to respect for the law and human rights, say Wangan and Jagalingou people
The Wangan and Jagalingou (W&J) people today responded to the announcement by QLD Mines Minister Anthony Lynham that he is issuing mining leases to Adani for the Carmichael coal mine. The coal mine is the biggest proposed in Australian history and if built will permanently destroy the W&J’s vast traditional homelands in the Galilee Basin.
W&J spokesperson and traditional owner Adrian Burragubba said, “This is a disgraceful new low in the exercise of Government power at the expense of Traditional Owners’ rights. Minister Lynham and Premier Palaszczuk should hang their heads in shame. History will condemn them.
This is the wrong mine, at the wrong time, on the wrong side of history. Their actions are reckless and dishonourable. “In October 2015 Minister Lynham confirmed in a letter to our legal counsel that he would await the outcome of our Federal Court action against the mine before considering issuing the leases. Late last year and again this year he said he would wait for the matters before the courts to be resolved so as not to run the risk of having his decision invalidated.”
Mr Burragubba’s legal representative and human rights lawyer,
Benedict Coyne of law firm Boe Williams Anderson, said…http://wanganjagalingou.com.au/gutless/
Political terms versus environmental time-lines – the South Australian nuclear waste folly
Saving the Environment or Centralized Control of a Monopoly in Power (Electricity)? Pan Chemistry, Gareth Lewis 03/03/15 “………Political terms versus environmental time-lines 
This section raises an important point with environmental issues or challenges: the short duration of political terms (often three to six years) limits the amount that can be done in the field of environmental protection. This means that global problems, such as air pollution and global warming that have no geographic boundaries and are likely to be long-term challenges may not be attempted. Even ‘smaller’ challenges like preserving the Great Barrier Reef and ensuring the viability of water supply and usage along the River Murray cannot be addressed in any one political term (nor have they been): there’s just insufficient time and funds to do so. Additionally, the political fallout from such ventures may not ensure the duration of the political term (a political paradox). A case could easily be argued that such issues should be written into Federal politics and once initiated they should go ahead regardless of the social and political climate.
The proposed nuclear industry and global radioactive nuclear waste dump in South Australia is similarly a complex issue and will affect many generations to come. However, given the comparatively simple challenge of managing water supply and usage along the Murray River how likely is it that a proposed nuclear industry would be managed efficiently? I am not being overly ‘emotive’ here, I’m simply saying this: any proposed nuclear industry will ‘outlive’ a Royal Commission, a State and Federal Government and all of us! So; very careful consideration is needed, not only for the current generation of Australians, but for future generations who will not have a say in the decision making process that will determine the cleanliness and viability of ‘their’ environment………
Is the notion of establishing a nuclear industry in South Australia really about centralized control in the creation and distribution of energy (electricity)?
A skeptic 
could easily argue that the use of nuclear energy has nothing at all to do with ‘saving the environment:’ but that it’s really about centralized control in the production and sale of electricity in a monopoly system. After all, it’s easy to control a centralized supply and demand system, and it’s exactly what we have in place today in the world-wide production and sale of fossil fuels.
This notion of ‘centralized control’ is a whole topic in itself and is beyond the scope of the original question: ‘should a nuclear industry (uranium mining, sale of uranium and storage of global radioactive nuclear waste) be established in South Australia. My personal opinion (emphasis) and answer to this question at this time is no. I believe we have sufficient solar energy and land mass in Australia to develop and perfect the solar cell industry and such technology could then be licensed and sold overseas. Besides, the success of this approach has been clearly demonstrated in other countries, many of which have far less sunshine and land mass than Australia.
Additionally, the inherent risks of initiating what may be an untethered proliferation of nuclear (fission) power plants has also been demonstrated in the past at Chernobyl and Fukushima, with close calls in Long Island. However, what has not been demonstrated (thankfully) is what could happen to our environment (groundwater and surrounds) if global radioactive nuclear waste was compromised in transit or in storage by man-made or natural means. It remains to be seen whether the proposed Royal Commission will make the ‘right recommendation’ to the government in South Australia that will benefit and protect not only the current generation, but also of many future generations of Australians: so; fingers crossed :-\ 😉 http://www.gareth-panchem.com/347345675?pagenum=2
Queensland government takes an evil decision on Adani’s Carmichael coal mine
Decision on coal mine ‘defies reason’ April 4, 2016 Tim Elliott Features and investigations journalist for The Sydney Morning Herald
The decision on Sunday to approve mining leases for Queensland’s Carmichael coal mine is akin to “evil”, according to one of the world’s foremost marine scientists.
“It defies reason,” said Dr Charlie Veron, former chief scientist at the Australian Institute of Marine Science. “I think there is no single action that could be as harmful to the Great Barrier Reef as the Carmichael coal mine.”
The $21.7 billion project, which involves mine, rail and port facilities, would allow Indian multinational Adani to extract 60 million tonnes of thermal coal a year from the Galilee Basin, in central Queensland. Adani claims the mine will generate 5000 jobs during construction and more than 4000 during operation, with construction to begin next year……..
conservationists say the mine is an environmental disaster waiting to happen, citing particular risks to the Great Barrier Reef.
“It’s an extraordinary decision, especially coming at a time when the Great Barrier Reef is experiencing its worst ever coral bleaching event,” Australian Conservation Foundation chief executive Kelly O’Shanassy said. “We know the bleaching is because of global warming, and Carmichael will only make that worse.”
By Adani’s own figures, the mine and its coal will emit more than 4.6 billion tonnes of carbon dioxide over its lifetime. “The pollution from this mine is so big that it cancels the pollution cuts the Turnbull government committed to at the Paris Climate Summit,” Ms O’Shanassy said.
The impact of such emissions could be terminal to the reef, according to Dr Veron. “The reef is obviously in dire straights, irrespective of what anyone says, and that’s blindly obvious.
“There is extraordinary disconnect between science and the political action. Politicians think the mine is good because it’s good for economy, but we are selling out the next generation of Australians as fast as we can go.”
Dr Veron has devoted his life to studying coral reefs: he discovered more than 20 per cent of the world’s coral species, and has been likened by Sir David Attenborough to a modern day Charles Darwin.
“Roughly a third of marine species have parts of their life cycle in coral reefs,” Dr Veron said. “So if you take out coral reefs you have an ecological collapse of the oceans. It’s happened before, mass extinctions through ocean acidification, and the main driver of that is CO₂.”
Dr Veron recently travelled to Canberra to talk to government about the decline in the reef. “The politicians do listen to scientists, but that is the worst part of it,” he said. “If this was all done out of sheer ignorance, that is sort of understandable. It’s like child porn – you might say you don’t know it exists, but if you know it exists and you do everything to promote it, then that’s evil.”…….
Australian Institute of Marine Science principal research scientist Dr Frederieke Kroon has told the ABC that government policies designed to keep the reef on UNESCO’s World Heritage list are insufficient.
“Our review finds that current efforts are not sufficient to achieve the water quality targets set in the Reef 2050 Plan,” she said. http://www.smh.com.au/federal-politics/political-news/decision-on-coal-mine-defies-reason-20160403-gnxbc6.html#ixzz44p5A45Es
The global oil corruption scandal and Australia’s role in it
UNAOIL Why we Must Act , The Age, Nick McKenzie, 2 Apr 16 Australia is leagues behind the US when it comes to investigating corrupt multinational companies who bribe their way to success in third world countries.
This fact is even more concerning given that US prosecutors acknowledge that even they aren’t getting it right, and need to do more to send US corporate crooks to jail. If the US regime needs a jolt, Australia’s system needs a triple bypass.
Recently, when the CEO of the Australian Securities Exchange, Elmer Funke Kupper, stood down to deal with a police investigation over an alleged international bribery case, we even had the corporate cop saying what a “sad loss” it was.
Not a single Australian executive has been jailed for paying a bribe overseas, despite the introduction in 1999 of specific laws banning this practice…….
Unaoil is a Robin Hood in reverse. On steroids. It robs the poor of oil-rich nations such as Iraq, Libya, Angola and Iran. The citizens own the resources beneath their feet, but the money from exploiting them ends up lining the pockets of executives and crooked officials.
Among the Australian firms exposed in the leaked trove of documents is Leighton Offshore, the overseas arm of construction giant Leighton Holdings (since renamed CIMIC).
The emails show that Leighton Offshore promised to pay tens of millions of dollars in bribes in 2010 and 2011. These kickbacks were allocated by Unaoil to high-ranking Iraqi officials and politicians. In return, Leighton Offshore wanted these corrupt officials to help them win pipeline construction projects worth more than $1 billion.
This Australian-funded bribery is precisely the sort of illegal conduct the FBI’s McEachern says fuels inequality, anger and extremism…….
Both the US and UK have comprehensive anti-foreign bribery frameworks. Companies and whistle blowers have strong incentives to self-report corruption and co-operate with authorities – in the US, volunteering information can mean payments of millions of dollars to individual informers. High-quality inside knowledge makes it easier for authorities to hold the corrupt to account.
None of this applies in Australia. ra rahttp://www.theage.com.au/interactive/2016/the-bribe-factory/day-3/why-we-must-act.html
LET’S NOT LEAVE THE OIL INDUSTRY OUT OF OUR SCRUTINY
UNAOIL – The Company That Bribed The World The Age, HuffPost http://www.theage.com.au/interactive/2016/the-bribe-factory/day-1/the-company-that-bribed-the-world.html 31 Mar 16
In the list of the world’s great companies, Unaoil is nowhere to be seen. But for the best part of the past two decades, the family business from Monaco has systematically corrupted the global oil industry, distributing many millions of dollars worth of bribes on behalf of corporate behemoths including Samsung, Rolls-Royce, Halliburton and Australia’s own Leighton Holdings.Now a vast cache of leaked emails and documents has confirmed what many suspected about the oil industry, and has laid bare the activities of the world’s super-bagman as it has bought off officials and rigged contracts around the world.
A massive leak of confidential documents has for the first time exposed the true extent of corruption within the oil industry, implicating dozens of leading companies, bureaucrats and politicians in a sophisticated global web of bribery and graft.
After a six-month investigation across two continents, Fairfax Media andThe Huffington Post can reveal that billions of dollars of government contracts were awarded as the direct result of bribes paid on behalf of firms including British icon Rolls-Royce, US giant Halliburton, Australia’s Leighton Holdings and Korean heavyweights Samsung and Hyundai.
The investigation centres on a Monaco company called Unaoil, run by the jet-setting Ahsani clan. Following a coded ad in a French newspaper, a series of clandestine meetings and midnight phone calls led to our reporters obtaining hundreds of thousands of the Ahsanis’ leaked emails and documents.
The trove reveals how they rub shoulders with royalty, party in style, mock anti-corruption agencies and operate a secret network of fixers and middlemen throughout the world’s oil producing nations.
Corruption in oil production – one of the world’s richest industries and one that touches us all through our reliance on petrol – fuels inequality, robs people of their basic needs and causes social unrest in some of the world’s poorest countries. It was among the factors that prompted the Arab Spring.
Fairfax Media and The Huffington Post today reveal how Unaoil carved up portions of the Middle East oil industry for the benefit of Western companies between 2002 and 2012.
In part two we will turn to the impoverished former Russian states to reveal the extent of misbehaviour by multinational companiesincluding Halliburton. We will conclude the three-part investigation by showing how corrupt practices have extended deep into Asia and Africa……….
In continuing fallout from the joint Fairfax Media-Huffington Post investigation into corruption in the oil industry, the Monaco government revealed that it had raided the homes and offices of Unaoil’s principals, who ran the company exposed as the global bagman for the oil industry.
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Unaoil executives “were also interviewed… in the presence of British officers in connection with a case of vast corruption with international ramifications that involves many foreign companies active in the petroleum sector,” the Monaco government’s statement said.
Fairfax Media revealed on Thursday that the British police had teamed up with the Australian Federal Police, the US Department of Justice and the FBI to investigate the vast cache of leaked Unaoil emails on which our stories have been based.
Unaoil was hired over almost two decades by large multinational firms, including the offshore arm of Australia’s Leighton Holdings, to pay bribes to top overseas officials in return for winning government funded contracts in oil-rich nations.
Police raids and more revelations: the fallout of the Unaoil scandal The Age, April 1, 2016 Nick McKenzie, Richard Baker, Michael Bachelard, Daniel Quinlan “……. In continuing fallout from the joint Fairfax Media-Huffington Post investigation into corruption in the oil industry, the Monaco government revealed that it had raided the homes and offices of Unaoil’s principals, who ran the company exposed as the global bagman for the oil industry.
Unaoil executives “were also interviewed… in the presence of British officers in connection with a case of vast corruption with international ramifications that involves many foreign companies active in the petroleum sector,” the Monaco government’s statement said.
Fairfax Media revealed on Thursday that the British police had teamed up with the Australian Federal Police, the US Department of Justice and the FBI to investigate the vast cache of leaked Unaoil emails on which our stories have been based.
Unaoil was hired over almost two decades by large multinational firms, including the offshore arm of Australia’s Leighton Holdings, to pay bribes to top overseas officials in return for winning government funded contracts in oil-rich nations……… http://www.theage.com.au/business/police-raids-and-more-revelations-the-fallout-of-the-unaoil-scandal-20160401-gnw9mx.html#ixzz44ZNjGbWg
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We are becoming a dumping ground for dirty money
The Age, Nick McKenzie, 1 Apr 16
- Read the full day two expose here
- The dirty western executives
- Australia’s Leighton Offshore: dirty dealing in Iraq
- Big Oil’s bribe factory
Anti-corruption experts in the US and Europe have urged Australia to properly resource and empower its anti-bribery regime as Australia emerges as the “dumping ground” for dirty money from Asia.
Officials believe that under-resourcing, ineffective laws and competing priorities between the federal police and corporate watchdog ASIC are a factor in the failure to resolve many cases.
The call comes after Fairfax Media revealed Australian involvement in one of the biggest bribery scandals to ever hit – a scandal that has implicated a number of Australian firms and executives including the offshore arm of Leighton Holdings and WorleyParsons…….
The Coalition government has focused on fighting union corruption, but has been all but silent on the major gaps in Australia’s anti-corporate corruption regime.
Australia had hottest March on record
March temperatures sets record as hottest ever, Bureau of Meteorology says http://www.abc.net.au/news/2016-04-01/march-temperatures-sets-record-as-hottest-ever,-bom-says/7293500?section=environment By environment reporter Sara Phillips You could be forgiven for not noticing the end of summer — March was a hot one.
Information released by the Bureau of Meteorology (BoM) indicated it was the hottest March on record, reaching 1.7 degrees Celsius above the long-term average. This eclipsed the 1986 record of 1.67 degrees above the average, BoM said in its monthly climate report.
The unusual heat was particularly noticed in the Top End, where the failure of the monsoon allowed temperatures to creep up. This, coupled with a high pressure system off the east coast of Australia, caused a heatwave strong enough to prompt BoM to issue a special climate statement about the phenomenon.
March 2 became Australia’s hottest day on record.
Averaged across the country, it reached a top of 38 degrees Celsius. There was no relief overnight either with minimum overnight temperatures the warmest ever, smashing the 1983 record by 0.83 degrees.
The hot March came on the back of the hottest February globally, and the hottest year for 2015.
A strong El Nino weather pattern prevailed at the start of the year, which has traditionally been associated with hotter weather. Although the El Nino is weakening, the heat effects are expected to persist for a few more months.
Climate change is thought to be adding to the unusual heat. The scorching start to 2016 prompted Australia’s chief scientist Alan Finkel to warn that the world was “losing the battle” against climate change.
Impact of climate change on Victoria worse than previously thought
Climate change fears worsen following University of Melbourne and CSIRO research April 1, 2016 CHRIS McLENNAN The Weekly Times THE impact of climate change on Victoria’s weather could be twice as bad as previously thought.A team of University of Melbourne and CSIRO researchers believes popular computer predictions over-estimate the flow of rain run-off into rivers.
Victorian Government scientists believe the state faces a much warmer and drier future which could result in longer fire seasons, less rainfall in winter and spring south of the Great Dividing Range, and less rainfall in autumn, winter and spring in the north.
Scientists say climate change is already being felt across Victoria, with a rise in temperature and a drop in rainfall since 1950.
The university research found climate modelling failed to adequately cater for drought. Under prolonged dry conditions, modelling predicted twice as much run-off into rivers and catchments than was occurring,” Prof Andrew Western said……..http://www.weeklytimesnow.com.au/news/climate-change-fears-worsen-following-university-of-melbourne-and-csiro-research/news-story/cac037efb28f859f6f491d0fbc70ef46
Future Fund must not finance Adani’s Carmichael coal mine
Australia’s ‘future’ fund should not consider financing the energy projects of the past http://www.theguardian.com/commentisfree/2016/apr/01/australias-future-fund-should-not-consider-financing-the-energy-projects-of-the-past Stephen Bygrave
Australia can be a renewable energy superpower if it plays its investment cards right – we have to move on from our misguided fossilised past
It was all over the news in India. The Indian finance minister Arun Jaitleywould be meeting Future Fund chairman Peter Costello to discuss using the Fund to help finance Adani’s Carmichael coal mine. There was no announcement of the meeting in Australia, but the questions must be asked: how should Australia’s sovereign wealth fund be used, and should it, a “future” fund, be considering the energy projects of the past?
The prospect of Costello dedicating sovereign funds to the massive coal mine in the Galilee Basin is so misguided. Future energy investment lies in renewables, not coal, and this trend is already playing out worldwide. The Australian economy already runs a real risk of becoming fossilised, caught in the past and missing out on the huge investment market in renewable energy as the world inevitably decarbonises and shifts to a zero emissions economy.
This global transition to renewables is an unavoidable condition for containing global warming below 2C. The future is renewables, the past is coal, and the economic benefits are easy to highlight.
In this transition, Australia stands to attract a major portion of the $2.3tn annual trade value from emissions-intensive trade-exposed industries, like cement, steel, and aluminium. In this era, countries with abundant, cheap, high quality renewable energy will attract these industries.
The Renewable Energy Superpower report to be released in Sydney on Monday 4 April shows that Australia is consistently in the global top three of countries with economic wind and solar energy resources, whether based on energy production potential per square kilometre, energy production potential from total land area, energy production potential from un-utilised land area, or energy production potential from rural land area.
Under various scenarios developed by the International Energy Agency for their WorldEnergy Outlook, investment in renewables and energy efficiency will make up around half of the future investment in energy in the next two decades, with investment in coal only making up 1-2%.
Whichever scenario the IEA looks at, renewables and energy efficiency attracts more investment in the next two decades than coal, oil and gas combined. Some $28tn is expected to be invested globally in renewable energy and energy efficiency by 2035.
Investment in renewables and energy efficiency globally is already large – around US$390bn isestimated to have been invested in 2013 alone, according to the International Energy Agency. In order to contain global warming to the 2C, the IEA estimates the annual investment in this market to more than double by 2020 to around US$750bn annually, and then to grow exponentially to US$2,300bn annually by 2035.
It also estimates that the renewables dominated power sector and energy efficiency markets will be 20-40 times the value of future coal sector development. The other important point that is relevant to Australia is that power sector and energy efficiency investment is skewed towards Australia’s neighbours in the Asia-Pacific region (40%) compared to global fossil energy investment (25%).
So how large is Australia’s renewable energy resource? While it is widely accepted that the total renewable energy resource across Australia is significant, the Superpower report conservatively models only the solar and wind resource that is available within 10kms of Australia’s existing electricity grid and able to generate power at a price competitive with other new power stations.
This is the resource that is immediately available to the existing electricity grid. The results are staggering even when only this small portion of Australia’s total renewable energy resource is captured – it is equivalent to 5000 exajoules, enough to power the world for 10 years.
Put another way, this solar and wind resource is greater than Australia’s coal, oil, gas and nuclear resources combined. Many proponents of fossil fuels argue that there are enough fossil fuels to power the world for hundreds of years, that coal is cheaper and isgood for humanity. These arguments ignore the reality that burning fossil fuels is incompatible with meeting the globally agreed goal of limiting warming to 2C, that new renewables are cheaper than new coal and new gas, and that many developing countries want solar.
In the decarbonised world in which we are heading, Australia will be a renewable energy superpower if it plays its investment cards right. If we are serious about our Future Fund funding the future for all Australians, it is renewables – not coal – where the investments must be made.
Guardian Australia and the author sought comment from Future Fund before publication. Future Fund responded after publication with the statement that “Finance Minister Jaitley has never raised Adani with the Future Fund.”
We assume that Julie Bishop will oppose radioactive trash import, as she fears nuclear terrorism
Nuclear terrorist threats ‘terrifying’, Yahoo News 7 AAP on April 2, 2016 There are “terrifying possibilities” that terrorists could get access to nuclear material to make dirty bombs, Foreign Minister Julie Bishop warns.
Speaking on the sidelines of a global nuclear summit in Washington on Saturday, Ms Bishop said Australia was committed to the global effort to secure nuclear material amid fears of the potential for a nuclear terrorist attack.
The summit is dealing with hypotheticals of what could occur and how to prevent it.
“There is a high level of concern that nuclear material could fall into the hands of terrorists or terrorist groups or that they would get sufficient material to make what is called a dirty bomb,” Ms Bishop told reporters……https://au.news.yahoo.com/a/31238577/nuclear-terrorist-threats-terrifying/
Australia wasting over $2.5 million investigating “wind turbine syndrome’ ?
True cost to taxpayers of investigating wind farm complaints tops $2.5 million, The Age April 2, 2016 –Nicole Hasham Environment and immigration correspondent The price of the part-time wind farm commissioner created by the former Abbott government is three times more than first thought, costing taxpayers more than $2 million to monitor and investigate complaints against the wind industry.
It has also emerged that the Independent Scientific Committee on Wind Turbines, which advises the government on potential health and environmental effects of the industry, has held just two short teleconferences in five months and provided no advice, despite costing up to $174,000 a year.
The hefty bill has fuelled criticism over the commissioner and committee, which Environment Minister Greg Hunt agreed to establish as part of crossbench negotiations to pass the government’s revised Renewable Energy Target. Senators John Madigan and David Leyonhjelm were the key proponents of the policy.
Critics said the measures were a bid to thwart the roll-out of clean energy under Mr Abbott, who had called wind farms “visually awful”. Former treasurer Joe Hockey also decried them as “utterly offensive”.
As Fairfax Media reported last year, the part-time National Wind Farm Commissioner Andrew Dyer will be paid $205,000 annually over three years to monitor the wind industry and respond to community complaints about turbine noise and health effects.
However this sum is just a small proportion of the cost of establishing the role.
Official figures provided to a Senate committee show the wind farm commissioner’s office is expected to cost $2.03 million over four years, including $680,000 in 2017-18.
This cost includes travel, IT, office accommodation and four staff as well as Mr Dyer’s part-time salary, which is more than an average full-time federal backbencher……
The figures also show the independent scientific committee is expected to cost $507,000 over four years, comprising administered and departmental expenses.
Late in March the Department of the Environment told Fairfax Media the committee had held “two short meetings” in December and February and “has not provided any advice to government at this stage”.
The meetings were held by teleconference or videoconference, and the committee is expected to meet about every two months.
Announcing the committee last October, Mr Hunt said it would “build on the work of the National Health and Medical Research Council”.
Reviews by a number of state and federal government health bodies including the NHMRC have so far found no clear evidence of a link between wind farms and medical conditions. The Australian Medical Association last year released a statement saying the available evidence did not support the concept that wind farm noise harmed humans.
Labor’s environment spokesman Mark Butler said it did not support the commissioner’s appointment and “it is ridiculous that the Turnbull Liberal government will waste money on this commissioner, but is happy to rip money out of the renewable energy sector”. http://www.theage.com.au/federal-politics/political-news/true-cost-to-taxpayers-of-investigating-wind-farm-complaints-tops-25-million-20160401-gnvwoc.html#ixzz44bwvO1oa
1 This month
Read the Public Inquiry Report, the Commissioners’ report, Surrendering Australia: The AUKUS Deception is available to download for free at aukuspublicinquiry.com. Or just watch the replay of the National Press Club Luncheon.
4 November – Will AUKUS keep us safe – at what cost?
the Commissioners of the AUKUS Public Inquiry present their findings at the National Press Club of Australia in Canberra. iview.abc.net.au/show/national-press-club-address
Submissions to the federal government’s new draft framework close on the 13th November 2026.
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AUKUS – https://aukuspublicinquiry.com/
PETITION – To: Prime Minister Anthony Albanese and the Australian Labor Government
of the week – Australians for War Powers Reform (AWPR)
To see nuclear-related stories in greater depth and intensity
