Mark Butler endorses Westpac's policy assessment that excludes Adani Project while ALP policy remains mute on export coal

Shadow minister for Energy and Climate Mark Butler was on ABC Insiders program on Sunday and was critical of the Government criticising Westpac over a business policy decision, when the Government has refused to implement a Banking Royal Commission to look at financial practices that hurt lots of ordinary Australians and small businesses.

It was a very competent interview and attack on the Government, while adroitly not answering the question of opposing the mine if Adani does manage to get the financial investment required sorted. (19 international banks have now ruled out financing the mine)

All Butler's points were valid and important facts: that the demand for thermal coal imports from Australia is in decline, that the Adani project would hurt coal jobs in both Queensland and New South Wales, and that the economics of the mine simply don't stack up.

Then there is the climate risk which Butler did not emphasise but is at the heart of Westpac Bank's business climate policy and future investments in coal.

I don't fully agree with Westpac's policy, but it is a nuanced approach to supporting only new investment in metallurgical coal or high quality Newcastle benchmark thermal coal from existing basins. The Adani coal from the Carmichael mine fails the energy benchmark, and has a high ash content. It is a low to medium quality thermal coal.

I read the ALP's climate policy it took to the last election in 2016. It was a positive policy overall, but one of it's huge failings was the silence on coal and fossil fuel export, particularly the low grade Adani coal in the Galilee Basin, unconventional gas, and offshore oil exploration in the Great Australian Bight.

The ALP are happy to play both sides of the coal equation and leave the outcome as a commercial decision as they think this resolves them from responsibility of good policy.

It may be good politics, but it is bad policy when the science says we need to keep 95 percent of Australia's coal unexploited.

The fact is Westpac's climate business policy (PDF) on export coal is now more aligned to the Paris Agreement climate targets, and superior to both the Government and opposition parties policies on export coal.

That is a sad state of affairs. Here are the interview snippets from Insiders between Barry Cassidy and Mark Butler.

►@Mark_Butler_MP: the demand for thermal coal imports from Australia is actually in decline #Insiders #auspol pic.twitter.com/BKGwz6s4ax

— Insiders ABC (@InsidersABC) April 29, 2017

►@Mark_Butler_MP: The economics of the Adani project don’t stack up #Westpac #Insiders #auspol pic.twitter.com/25VEolokJn

— Insiders ABC (@InsidersABC) April 29, 2017

►@Mark_Butler_MP: the assessment of Westpac I’ll back any day over the assessment of Matt Canavan #Insiders #auspol pic.twitter.com/yHvr0WeWzh

— Insiders ABC (@InsidersABC) April 29, 2017

Bandaids for an unmitigated reef catastrophe #ReefElection

Image: Malcolm Turnbull, Greg Hunt, Ewen Jones travelling to Magnetic Island. Photo: Greg Hunt/twitter. Article first published using storify at nofibs.com.au

A promise by the Prime Minister to divert $1 billion in Clean Energy Finance Corporation (CEFC) funding to improve reef catchment water quality and reduce greenhouse gas emissions has been soundly criticised as legally problematic, inefficient and far below the funding scientists say is required to Save the Reef.

This video, published on 2nd June 2016 from the Climate Council, articulates the climate change threat facing the reef, with statements from tourism operators, marine scientists and climate scientists.

Can Labor wedge the Coalition on #climatechange in #ausvotes2016?

Original article published at nofibs.com.au

Action on climate change is a live issue at the 2016 election, but it is still divisive. The Australian Labor Party unveiled it's climate action plan to take to the Federal Election, likely to be on July 2. A lot of deliberative thought and nuanced politics have gone into this plan with targeted changes in different sectors.

Environment and community groups, along with the Business Council of Australia, broadly said the plan was positive, although there were criticisms raised about the need for climate policy to become bipartisan to ensure stability in the economic transitions needed. Environment groups stressed that it was a useful starting point and much better than the Coalition government targets and policy, but didn't go nearly far enough to meet the obligations now enshrined in the Paris Agreement of limiting warming to well below 2 degrees and aspire to 1.5 degrees limit on warming.

30,000 rally in Melbourne and more in regional Victoria for action on climate change

A beautiful spring day brought out the crowds to attend the Peoples Climate Melbourne rally. But the hum had been in the air that this was going to draw a large crowd. As it turns out, over 30,000 people turned up and marched from the State Library of Victoria to the Treasury Gardens through Melbourne's streets demanding greater action on climate change .

There were short speeches outside the State Library of Victoria by Labor's Shadow Minister for the Environment Mark Butler MP (Watch video), Senator Christine Milne, leader of the Australian Greens (Watch video), and Professor Tim Flannery of the Climate Council (Watch video).