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Showing posts with label Clive Palmer. Show all posts
Showing posts with label Clive Palmer. Show all posts

Wednesday, June 25, 2014

Al Gore persuades Clive Palmer in an Inconvenient truth moment on climate policy


At a press conference Clive Palmer, Leader of the Palmer United Party, along with climate campaigner former US Vice President Al Gore, announced his party's policies in response to the Government's changes to carbon pricing and clean energy laws. Walking onstage with former US Vice President Al Gore, you could feel this was a momentus occasion for Clive Palmer.

"I'd like to thank him for the productive discussions today. My discussions allowed me to reconsider important considerations for all Australians and the rest of the world." Palmer announced transforming himself into the contradictory personas of both coal baron and climate warrior.

The big announcement was that the block of Palmer United Party senators would vote to abolish the present carbon price and move an amendment for the establishment of a conditional Emissions Trading Scheme with a carbon price rated as zero at the start. The carbon tax repeal is conditional on all energy price savings being passed on to consumers. The Government's Direct Action Plan and Emmissions Reduction Fund was labelled as a waste of money and would not be supported.

Palmer outlined that the PUP voting block would vote against abolition of the Clean Energy Finance Corporation which was established to loan $10 billion over 5 years to companies and organisations to help transition to clean energy through renewable and energy efficiency projects. The Climate Change Authority would also be saved, as well as support for continuing the Renewable Energy Target (RET) until at least 2016, after the next election.

Saturday, February 1, 2014

Coal barons and climate change driving Great Barrier Reef destruction


Let's get this straight. Australian politicians are allowing some of the richest Australian billionaires combined with Chinese and Indian power corporations to destroy the Great Barrier Reef, one of the natural wonders of the world and a World Heritage site. Political approval of mining the guts out of the coal rich Galilee basin in Central Queensland destroys sensitive ecosystems like the Bimblebox Nature Reserve containing threatened species, and is forecast to substantially lower the water table impacting rural communities and agricultural productivity with possible repercussions on flow in the Great Artesian basin aquifer.

This coal will be exported through Queensland ports, but substantial dredging is required with the dredge spoil to be dumped in the marine park waters damaging the reef. The increase in ship movements will also imperil the reef. The increased CO2 emissions when the coal is burnt will also cause ocean acidification and climate change both of which are, you guessed it....damaging the coral reef systems and the Great Barrier Reef.

Related: WWF:Fight for the Reef | Australia courting danger with the Great Barrier Reef : Greenpeace - Abbot Point Dredging – Who’s really to blame? | Greenpeace petition at SavetheReef.org.au

Friday, December 27, 2013

Australia's coal expansion risks stranded assets

Australia's headlong expansion of coal mining for export carries substantial investment risks of stranding assets says a new report from Oxford University. Previous warnings regarding potential risks of a carbon bubble have been made by Carbon Tracker, PriceWaterhouseCoopers (PwC) and International Energy Agency (IEA).

During December 2013 the Abbott Federal Government gave approval for massive coal port expansion in Queensland at Abbot Point and expansion of coal seam gas (CSG) facilities in Gladstone. It also approved the third coal mine to operate in the Galilee basin 450km from the coast. Environmental approval processes were also passed to the authority of State Governments to streamline further mining approvals, as well as Federal funding immediately cut to Environmental Defenders Offices in each state.

In the conclusion of the report on the risk of stranded assets, Ben Caldecott, James Tilbury and Yuge Ma state:

"It is clear that China’s coal demand patterns are changing as a result of environment-related factors and consequently less coal will be consumed than is currently expected by many owners and operators of coal assets. Given China’s growing role as the price setter in global and regional coal markets; falling demand will, all things being equal, reduce coal prices. This would result in coal assets under development becoming stranded, or operating mines only covering their marginal costs and subsequently failing to provide a sufficient return on investment."

Monday, February 8, 2010

Waratah Coal Galilee mine in Queensland set to become World's largest Coal Mine

Friends of the Earth in Brisbane, Australia have described the proposed Waratah Coal Galilee mine, set to become the world's largest coal mine, as another nail into the coffin of our climate. Waratah Coal's Clive Palmer and Queensland Premier Anna Bligh jointly announced on February 7, 2010 a multi-billion dollar deal which would see a twenty year supply of coal to Chinese power-stations, and a substantial expansion of coal exports.

"This deal drives another nail into the coffin of our climate. If the project goes ahead, then emissions from the exported coal would equal 20% of Australia's total domestic emissions," said Friends of the Earth spokesperson Bradley Smith on the Galilee mine being declared a 'significant project' .

"This makes a mockery of claims made by Premier Bligh that the Queensland Government is serious about tackling climate change," Mr Smith said.

"The 8000 Ha Bimblebox Nature Refuge near Alpha would be cleared and mined by this project. How ironic that in the International Year of Biodiversity, Queensland still lacks legislation to protect areas of high conservation significance from mining," commented Mr Smith, echoing similar calls from the Mackay Conservation Group.

Bimblebox was purchased in 2000 with the savings of a number of concerned individuals, as well as funding from the Australian National Reserve System program. In 2003, the Bimblebox Nature Refuge Agreement (category VI IUCN protected area) was signed with the Queensland state government to permanently protect the conservation values of the property. Nature Refuges and the protected areas that make up the National Reserve System are not automatically protected from mineral exploration and mining, which in Australia are granted right of way over almost all other land uses.

The Bimblebox Nature Refuge website describes "We are faced with the absurd irony, that in 2009 with all that we know about Australia's biodiversity crisis and the threat of climate change, that a protected area rich in biodiversity and with carbon stores intact could be sacrificed for the sake of producing more climate changing coal."

"This case reveals a stunning contradiction in Australian government priorities and policies, which aim to conserve biodiversity on protected areas, but yet which affords no protection for these areas if minerals are found beneath the soil." says the Bimblebox Nature Refuge website.

"We want to know why the Queensland Government continues to put coal mining first when it is destroying our biodiversity and our climate," Mr Smith said.

The open cut coal mine, projected to be the world's largest, is on the traditional land of the Darumbal indigenous people.

The project involves construction of a railway line 490km to the Port of Abbot Point, where a new coal terminal will be built, and construction of a dam within the Belyando River catchment and a water pipeline from the Burdekin Dam. Waratah Coal website advises the project's estimated total development cost is AU$7.5 Billion.

Queensland is the largest coal exporting state in the largest coal exporting country in the world, accounting for as much as 20% of the global trade, with mining and infrastructure projects set to double coal exports.

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