“We have not always capitalized on our standing as one of the world’s leaders in these resources, but we’re changing that,” Wolf said.
Category Archives: mining industry
Double Tax Act 1953 excludes foreign gas companies operating in Australia from paying income tax on $138 billion
From the Australia Institute
New analysis of data published by the Australian Tax Office (ATO) shows that five of the gas industry’s most prominent companies have paid no income tax for at least the past seven years, despite a combined income from their Australian operations of $138 billion.
Four of the five members of the Australian Petroleum Production & Exploration Association (APPEA) (Arrow Energy, Australia-Pacific LNG, Chevron and ExxonMobil) that haven’t paid any income tax are foreign owned resulting in all profits heading straight offshore.
- In a 2012 APPEA claimed Queensland coal seam gas LNG companies would have paid around $11.2 billion in federal income tax by 2020. They have paid almost none.
- In 2015 Chevron estimated it would have paid around $4 billion in “direct taxations and royalties” by 2020. It has paid no income tax or resource tax over that period.
- In 2013 Shell claimed that its Prelude floating LNG project would pay $12 billion in taxes over the life of the project. Shell has since acknowledged it will never pay PRRT has paid no income tax since 2015.
- An eighth company, Australian company Santos, paid just $6 million income tax on $28.9 billion of income, and paid no income tax from 2015 to 2018 and 2020.
- A thorough overhaul of taxation of the oil and gas industry in Australia is long overdue.
“It’s unbelievable that you can make $138 billion and pay nothing in tax. Our governments should not be letting this happen and we need an overhaul of how the oil and gas industry is taxed in Australia,” said Mark Ogge, principal adviser at the Australia Institute.
“The gas companies promised us billions in revenue and instead we end up with little in our pockets and a whole lot more climate impacts.
“We trust our politicians to tax our natural resources to the benefit of all Australians, but instead some of the largest gas miners, members of APPEA, are paying absolutely nothing.
“The federal government is virtually giving the resource away for free, gift wrapped in subsidies, mostly to foreign-owned companies, many of whom pay little if any tax.
“Imagine if you trusted an agent to sell your house to get the best deal possible, but instead they gave it to their mate for next to nothing. This is what is happening with our gas resources.
“Far greater scrutiny should be given to the close ties between some of our political representatives and the oil and gas companies who benefit from their largesse with our money.”
APPEA members who pay no income tax
International Tax Agreements Act 1953 (Double Tax Act) as amended in 2022
Green cops in Queensland to be equipped with body cameras and drones
The final policy straw that will break the back of the Queensland mining industry, when combined with new federal Labor Party climate policies, will effectively ban future mining projects around Australia. Our advice to prospective mine developers who have more than 100 projects in the pipeline is to keep your money and run. Africa has reserves of coal and iron ore and requires much less in political bribes than Australia.
The Queensland Labor Party Corporation passed new policies today for its green cops to snoop over private property with drones looking for their interpretation of any environmental damage.
Body cameras can record conversations with property owners in the same mode as police interrogations and can be used against you in their courts.
- Environment legislation has been passed in Queensland providing greater consultation on resource projects, early certainty on clearly unacceptable projects and ensuring environmental impact statements (EISs) remain up-to-date
- Where there is evidence of wrongdoing, the legislation has been updated to make sure responsible directors and officers can be held liable
- The Environmental Protection and Other Legislation Amendment comes after extensive engagement process by the Department of Environment and Science with conservation groups, the agriculture sector and industry
The Labor Party has legislated reforms to strengthen Queensland’s environmental framework.
The new legislation provides greater certainty for the community and industry, including a change that would give the regulator power to end an EIS process where a proposal is clearly unacceptable and would be unlikely to gain approvals or contravenes laws, as is.
It introduces an ‘early no’ step in the EIS process so that community and project proponents know early in the piece that a project will not receive approvals as proposed, saving industry and the regulator time and money.
Under the legislation, public notification must now occur for any major amendments to environmental authorities for resource-sector projects to make sure local communities are aware and can have their say.
The Bill was drafted following consultation with conservation groups, industry, the agriculture sector and through the committee process of parliament.
During consultation with stakeholders, it was found that in some instances EISs upwards of 10 years old were being relied upon for project proposals, often with outdated information.
The EPOLA Act modernises the framework so that EISs remain current for three years, at which point proponents can apply to extend the period.
A loophole has also been closed that will ensure legislation achieves its intent of holding responsible directors and officers to account for environmental harm.
The LNP voted against the provision to hold responsible company directors and officers to account.
The amendments will give effect to the original intent by ensuring that the relevant provision recognises both when an offence occurs and when an act leading to the offence happened.
Additionally, it provides a provision for Department of Environment regulation officers to have the ability to use body-worn cameras and drones. These provisions will commence following the finalisation of additional policy work.
The new legislation also strengthens end of life provisions for resource projects, with measures to assist the transition to new Progressive Rehabilitation and Closure Plans as well as extending timeframes for estimated rehabilitated cost decisions.
West Australia’s Net Zero policy consigns mining to the WEF dustbin
Western Australia has been infected with climate change dogma of the eastern states and intends to commit hari-kari by following the WEF and UN’s Net Zero 2050 instructions.
Those miners and every associated industry generating the state’s 2021, $230 billion economic return who voted for the ALP should ditch the Labor Party and Premier McGowan before he gets rid of them.
The Western Australia resources sector achieved record sales of $230 billion in 2021 highlighting how its economy has carried the nation through the COVID-19 pandemic.
A record 156,238 people are working in the mining sector, with an extra 15,298 jobs added in 2021
Western Australia accounted for more than half of national goods exports in 2021.
WA’s COVID-19 management has ensured the economy has stayed open and strong throughout the pandemic, says the state government.
Previous analysis by the Institute of Public Affairs found that the policy of reaching Net Zero by 2050 will cancel more than 186,000 jobs in regional Western Australia, which, according to the most recent census, accounts for over 80 per cent of the labour force in the regional parts of the state.
Additionally, analysis shows these jobs will not be replaced by jobs in renewable industries. Most jobs touted as part of renewable projects last for a limited time, primarily during the installation phase, with maintenance of the renewable projects being comparably low-skilled and low-paid to jobs in gas, coal, and mining.
Will the mining unions warn their members? It is doubtful the unions will say a word. Is it any wonder Twiggy Forrest, a WEF disciple, is pouring hundreds of millions into experimental green hydrogen energy.
China makes land grab in Western Australia
Following China’s security pact with the Solomon Islands, Chinese Government-owned companies were parties to a hearing in the Supreme Court of Western Australia designed to circumvent the Australia Foreign Investment Review Board, Mineralogy Chairman Clive Palmer said today.
Mr Palmer confirmed that Chinese Government companies were seeking control over hundreds of square kilometres of Western Australian land and had not sought approval from the FIRB as required by Australian law.
He said the Chinese Government was unlawfully seeking control of Australian land in the Pilbara region.
“By commencing actions in the Supreme Court of Western Australia, the Chinese Government companies were creating tension between the court and the FIRB,’’ Mr Palmer said.
“This is a tactic to divide and conquer our nation used frequently by the Communist-Government quest internationally.
“This is a serious attack on Australian sovereignty and the loyalty of Australian citizens assisting the Chinese Government-owned companies is a concern,’’ Mr Palmer said.
“In essence, they are trying to gain control of the Port of Cape Preston without first seeking approval of the FIRB. All Australians should be alarmed. I have serious concerns for Australia’s security.
“Mineralogy has not been able to gain access to its own tenements to inspect what the Chinese companies are actually doing at Cape Preston despite written agreements requiring such access.
“We received complaints from workers on site that there are secret activities going on. I believe the Minister of Defence must have the site inspected in the interests of the nation’s security,’’ Mr Palmer said.
“It is a matter of great concern that the Chinese Government companies are occupying a major Australian port and denying full access to Australian companies who own the right to the land where they are constructed,’’ Mr Palmer said.
WA Government compounds GST on mining tenements
Letter to the Editor
from a West Australian mining executive
Wanted – a Lawfirm to conduct a class action Law Suite – GST Anomaly
The GST Act became operational in the year 2000 with all GST Collected to be transferred to the Commonwealth Government and then distributed to the States according to the agreed formula.
The Western Australian Dept of Mines charged GST on all tenement rents and services from 2000 to July 2010. At that time, Tenement rents were increased approx. 10% and the GST component was no longer charged through to the current time 2019.
Question1. Surely the GST charged from 2000 through to 2010 is recoverable along with compound interest unless the GST act was amended specifically to remove the requirement to charge GST on tenement rents.
Question 2. If the GST legislation was not amended in 2010, possibly, the GST on mining tenements is actually charged but not transferred to the Commonwealth Government as required by the GST Act. Should this question be answered in the affirmative, then this will compound into several more serious problems such as; tenement holders have not claimed the GST actually paid and consequently their tax records are incorrect. Additionally no shire council operating as a local Government Authority can charge GST on land taxes (as rates) as this is forbidden in the GST Act.
The shires that levy taxes on Mining Tenements can only do so via the formula where the tenement rent is multiplied to a valuation and then charge a percentage of this valuation which is false and fraudulent if these tenement rents actually contain an undisclosed GST component.
Adani and coal mining tsunami takes out the Qld Labor Party
by Viv Forbes, science writer
The proposed Adani mine has been wading through a green swamp of political obstacles for nine long years. Other coal optimists have struggled to develop coal in the Galilee Basin for over 40 years. Federal Labor, State Labor and the Greens have taken turns to man the anti-coal barricades.
In these bad new days, before anyone can open a mine they need multiple approvals, each one providing opportunities for do-nothing activists to raise new hurdles at every hearing. The whole process of judicial judgements and reviews, enquiries, objections, hearings and re-hearings has been a gold mine for lawyers and barristers and a bottomless pit into which mine optimists throw money.
Nine years ago, Labor Premier Anna Bligh declared Adani “a significant project for Queensland”.
The Queensland Co-ordinator General gave Adani approval to proceed in 2014.
The Federal Government also gave its approval to proceed in 2014 but that approval was set aside because of complaints by the Mackay Conservation Council, the Australian Conservation Foundation and others that the yakka skink, the ornamental snake, koalas, the waxy cabbage palm and the black throated finch would be disturbed.
And of course the Great Barrier Reef, the coastal seagrass and inland ground water would be threatened.
The ACF and the Greens have also cowed most Australian banks into denying finance to the Carmichael Project. Native title rights have been asserted by two groups, and Greenpeace and the Climate Council have run scare campaigns on Greenhouse gas emissions should Adani go ahead. Naturally the ABC gives all Adani opponents good air time.
Just 5 months ago the anti-Adani Deputy Premier of Queensland, Jacki Trad, said she did not believe the Adani project would ever get off the ground.
But immediately after the recent Federal election landslide which left the ALP holding zero federal seats north of Brisbane, and winning only one of the six Queensland senate vacancies, Queensland Premier Palaszczuk flew north to Mackay and demanded that her departments produce firm timeline for Adani decisions “by Friday” (today).
What a difference a day makes.
Cape York possible coal seam gas field?
by Gil Hanrahan
The State Government had secret plans to create a city of 60,000 people at Port Stewart, along the east coast of Cape York Peninsula, east of the township of Coen, according to a deep-state ALP source.
It also planned to mine much of Cape York, in deference to demands by the Greens and conservation bodies to nominate the Peninsula for World Heritage.
In 2003 the World Bank chartered a specially equipped aircraft from the US to survey a vast area north from Townsville to the Torres Strait for all valuable natural resources which included minerals and timber.
Subsequent research by former Senator Len Harris’ Mareeba office revealed the survey had calculated the value of Far North Queensland mineral reserves to be in the vicinity of half a trillion US dollars.
Another plan according to Traditional Owners is to kick-start the National Party-era space station at former cattle properties Bromley and Shelburne Bay, on the east coast.
Indigenous inhabitants of Cape York however, have no knowledge of former Premier Anna Bligh’s secret city plan, believed to be devised in conjunction with Rothschild Bank as principal mortgagee of Queensland Incorporated.
The ALP source said the Cabinet in 2010 had proposed to turn Cape York Peninsula into “one big coal seam gas field.”
A new city built on the old Port Stewart site presumably would be the base for the intended mining fields to the west.
Such a proposition would revile the eco-terrorists of the Greens, World Wildlife Fund and the more sedate Australian Conservation Foundation. These pseudo-conservation bodies have been propping up the ALP for decades.
The Labor Party does not have much option with Rothschild Bank to which it owes at best estimates $60 billion, having it origins with the Goss government of 25 years ago.
Premiers Beattie and Bligh were quick to jump onto the bank bandwagon, reportedly from which they received millions of dollars in fees. Indeed who would have thought the former, incapable Labor Premier Bligh would have made it to the position of CEO for the nefarious Australian Bankers Association?
Depopulation of the Peninsula continues under the Labor Government as indigenous people are pushed from their traditional home lands with dodgy deals done by the Environment and Natural Resources Departments preventing traditional owner groups from utilising their vast cattle properties.
Only a few cattle properties remain after others have been either purchased or resumed by the State Government ostensibly to hand back to Traditional Owners.
Most white ownership has already gone.
The government cunningly selects an appropriate representative of an indigenous Prescribed Body Corporation to negotiate hand-over conditions, mostly not in favour of indigenous beneficiaries.
After the deal has been done, as in the case of the Olkola PBC, the group discovered the government had pulled a swifty by handing over five former viable, destocked cattle properties totalling 633,630 hectares or 1,565,066 acres of which only a fraction could be utilised for grazing cattle. The five properties once carried a total herd of 14,000 head.
A large portion of the holdings had been gazetted as national park, nature reserve or environmental research.
The Peninsula’s 15 PBC’s have less control over so-called Aboriginal freehold than they did with DOGIT or native title parcels.
Thus the government calls the shots when it comes to land use, in particular mining which can occur with all titles.
Shelburne Bay silica reserves
An indigenous group, the Wuthati clan, reputedly a front for Cape York Partnerships founder Noel Pearson, in the Federal Court two years ago was handed native title over Shelburne Bay Pastoral Holding and its silica sand deposits, the largest and purest deposit in the world with an estimated value of more than $3 billion.
The inaccessible Shelburne Bay lies 150 klm south of the Tip of Cape York nestled in along the eastern coastline and is a favourite haunt for illegal dugong and turtle fishermen.
The silica sand dunes extend 100 klm south from the bay.
Twenty years ago a prominent politician was accused of trafficking valuable parrots and other birdlife from a helipad near the towering dunes.
According to documents filed in the Federal Court in 2016 by another TO group which opposed the claim, the Wuthati totem is a stingray and there are no living persons with an attachment to the land.
Former owners of Shelburne Bay, Dal and Eileen Nixon maintained their research, beginning in the 1960’s when the family took up the lease, found there were no living people with any connection to Shelburne Bay or were there any traceable descendants of the traditional people from the area.
As a Native Title researcher for Agforce the late Mrs Nixon proved there was only one possible legitimate living claimant to her 1 million acre grazing lease, which was resumed by the notorious Labor Government of Peter Beattie in 2003.
At the time she said the only living, legitimate claimant could have been her former long-time employee, Meun Lifu, now the senior TO of Yadaikana Tribal Council of Elders at Cowal Creek.
An examination of the board members for Cape York Partnerships reveals the line-up resembles any bank board in Australia.
A number of CYP board members have bank connections including Westpac, National Bank of Australia, various merchant banks, a Secretary of the Department of Treasury, Macquarie Bank, a former private Secretary to the infamous PM Bob Hawke, P&O Cruiseships, Bank of Melbourne (owned by the Jewish fraternity), ANZ, an advisor to the nearby ALP sanctuary of Wattle Hill holding, mining contractors, a Wik representative, Aboriginal company Bama Services and not forgetting the lawyers.
This avaricious mob will have its corporate fingers well into any future development of the vast silica reserve.
If the Labor Government, pushed by the banks to repay principal and not just interest on its published, actual debt of at least $115 billion, has the political will to mine the scattered, known, substantial coal gas reserves on Cape York then it can do just that.
Some TO’s believe the reason for Cape York Land Council and CYP pursuing the disputed Number 1 Claim over all unclaimed or unallocated land on Cape York is the final part of the jigsaw to allow large-scale mining of the Peninsula.
The widely disputed Number 1 claim also will enable the State Government to nominate parts of the Peninsula for World Heritage in an effort to appease the by now, frothing-at-the-mouth spokesmen for conservation bodies.
Another Cairns ALP source said the recently announced $2.4 billion agricultural project for Cape York community Aurukun would not ever occur under the present State Government.
However it could be utilised in the future to feed the population of the proposed new City at Port Stewart.
Mining giant BHP at present is trawling among the multitude of indigenous groups, committees, PBC’s and NGO’s servicing the Peninsula, offering vast riches for ‘worthwhile’ indigenous community projects.
A line-up of Cape York Partnerships board members:
Rio Tinto brings more driverless machinery onto line removing more jobs
Rio Tinto to expand autonomous fleet as part of $5 billion productivity drive
Rio Tinto will expand its fleet of autonomous haul trucks at its world-class iron ore operations in the Pilbara by more than 50 per cent by 2019 after signing agreements with leading manufacturers Caterpillar Inc. and Komatsu Ltd. to convert traditional trucks to autonomous vehicles.
A total of 29 Komatsu haul trucks will be retrofitted with Autonomous Haulage System (AHS) technology starting next year. The project at the Brockman 4 operation is scheduled for completion by mid-2019, allowing the mine to run entirely in AHS mode once fully deployed.
A further 19 Caterpillar haul trucks at the Marandoo mine will also be retrofitted starting mid-2018 for completion by the end of 2019. The retrofit is significant for Rio Tinto as it marks the first time AHS technology has been deployed by the company on Caterpillar haul trucks.
Once completed, the retrofit projects are expected to make a significant contribution toward Rio Tinto’s $5 billion productivity programme, helping to underpin the continued delivery of superior returns for shareholders.
Rio Tinto Iron Ore chief executive Chris Salisbury said “We are excited to be starting a new chapter in our automation journey with a valued long-term partner in Caterpillar and we are proud to be extending our successful partnership with Komatsu on this world-first retrofitting initiative.
“Rapid advances in technology are continuing to revolutionise the way large-scale mining is undertaken across the globe. The expansion of our autonomous fleet via retrofitting helps to improve safety, unlocks significant productivity gains, and continues to cement Rio Tinto as an industry leader in automation and innovation.
“We are studying future additions to our autonomous fleet in the Pilbara, based on value, to help deliver our share of $5 billion of additional free cash flow for the company by 2021.
“Rio Tinto is committed to working closely with our workforce as we transition to AHS including providing opportunities for new roles, redeployment, retraining and upskilling.”
Automation is helping to improve productivity and efficiencies across Rio Tinto’s operations in the Pilbara. The retrofit programme will assist the iron ore business in delivering an additional $500 million of free cash flow annually from 2021. As part of this initiative Rio Tinto is increasing scrutiny of each and every one of our cost components and have so far aggregated more than 3500 employee ideas in the company’s productivity pipeline, many of which will deliver cost benefits.
Last year, on average, each of Rio Tinto’s autonomous haul trucks operated an additional 1000 hours and at 15 per cent lower load and haul unit cost than conventional haul trucks. About 20 per cent of the existing fleet of almost 400 haul trucks in the Pilbara is AHS-enabled. Following the completion of the projects with Komatsu and Caterpillar, Rio Tinto will have more than 130 autonomous trucks, representing about 30 per cent of the fleet.
From a safety perspective, automation has been shown to reduce the number of people exposed to potential hazards as well as reduce the number of critical risk scenarios.
Autonomous haul trucks, locomotives and drilling systems
Komatsu, founded in 1921, has established a leading international market position in the areas of construction and mining equipment as well as industrial machinery. Rio Tinto has been partnering with Komatsu, using their advanced truck technology at our mines, for 20 years.
In September, Rio Tinto and Komatsu deployed the world’s first retrofitted Komatsu autonomous haul truck at our Hope Downs 4 operation.
Rio Tinto’s relationship with Caterpillar extends over 50 years. Caterpillar was founded in 1925 and is an industry leading manufacturer of construction and mining equipment, diesel and natural gas engines as well as gas turbines and diesel-electric locomotives.
AHS allows trucks to be operated by a supervisory system and a central controller, rather than a driver. It uses pre-defined GPS courses to automatically navigate haul roads and intersections and knows actual locations, speeds and directions of all vehicles at all times.
Rio Tinto started deploying autonomous technology in 2008. The iron ore business also operates six fully Autonomous Drill Systems (ADS) to drill production blast holes.
Rio Tinto’s ran its first fully autonomous heavy haul train in September 2017, completing a 100-kilometre pilot run without a driver on board. AutoHaul® is on track for completion by the end of 2018, making it the world’s first fully-autonomous heavy haul, long distance rail network.
The Perth Operations Centre is the nerve centre of Rio Tinto’s autonomous operation with around 400 people monitoring our Pilbara operations in real time.
New electorate of Cape York looming after welfare vote dominates result
At least 4000 voters, solely dependent on government welfare payments to survive, have elected Labor in the seat of Cook, leaving the economic generators of the Far North floundering without a say in government.
To separate the disparate welfare influence from the southern half of the Cook electorate it has been suggested the creation of a new electorate would be more in the interests of maintaining a thriving agricultural and mining industry.
Plans to create a separate state seat of Cape York with a boundary drawn north of Laura will now escalate before the Labor Party is able to further entrench itself with welfare voters.
One proponent of a new seat is the patriarch of the north, Bob Katter, who said he had been approached in the past by indigenous leaders seeking support for a separate electorate.
There is no farming industry north of Laura, just a handful of viable cattle breeding properties locked in a continuing battle with federal and state environment departments, indigenous land rights encroachments, egregious mining exploration companies and a Labor Party determined to shut down the cattle industry.
During the election campaign, notorious Green lackey, Deputy Premier Jackie Trad, threatened land owners with a new round of Wild Rivers, more water storage restrictions and World Heritage listings over the remaining 50 per cent of the land area of the Peninsula not already languishing under conservation zones.
The world’s toughest vegetation management laws will be introduced under the guidance of two of the ALP’s in-house, rabid greenies, Trad and colleague Dr Stephen Miles.
If either possessed a modicum of political will, no help can be expected from so-called representative bodies such as Agforce or the Natural Resources Management (NRM) quangos which are dependent almost entirely on government funding to survive.
Agforce, the last bastion of the failed Liberal Party will struggle to attract membership or have any direct policy influence on a resurgent Labor Party, driven entirely by the trade union movement and the United Nations Agenda 30 to which Queensland is a signatory.
It will be an entirely political manoeuvre to protect the Far North from the flush of international socialism seeping from the confines of the Queensland south east corner which enjoys state government largesse at a ratio of 10 to one over the north.
It is only the cross bench in State Parliament which now can thwart the UN agenda pushed by the Marxists of the Queensland Labor Party seemingly aided and abetted by the flailing Liberals.
As one commentator quipped, “there are no Nationals in the Queensland parliament, just Liberals wearing Akubras.”
The electorate of Traeger, formerly Mt Isa until the unaccountable Electoral Commission tagged it with this misnomer, was held easily by Robbie Katter with 66 per cent of the primary vote.
In the campaign Katter warned the ALP that one of his first policy initiatives for the new parliament would be to create the new State of North Queensland.
This policy obviously resonated with the adjoining, redrawn electorate of Hill easily taken by his colleague Shane Knuth, in spite of the best attempts of the Electoral Commission to gerrymander Knuth from Parliament.
Hinchinbrook, joining Hill to the south also seems set to go to Katters Australian Party.
North Queenslanders will be assured of a tumultuous ride during this term of parliament, towards attaining their well-deserved, modernised statehood.
At the close of counting on Tuesday night, Labor held Cook with a margin of 2900 preferences.
Greens determined to have us riding pushbikes and using paraffin lamps
Back to Bolted-Down Industries
by Viv Forbes, Science Writer
Once upon a time Australia was attractive to processing, refining and manufacturing industries using our abundant mineral and food resources, our reliable low-cost coal-fired electricity and a workforce trained in technical skills.
Our last oil refinery has closed, leaving just 3 weeks supply of refined motor fuel in the country and for the first time in at least 60 years Australia no longer produces motor vehicles. China and India have about 430 coal power plants under construction but Australia has not built a single coal-fired power station for seven years – some politicians even rejoice when they manage to close and demolish one. Brisbane’s new trains are being made in India, Victa mowers are made in China and most coastal shipping died decades ago. Steel works and refineries producing aluminium, copper and zinc are under stress. All these industries are being pushed overseas by costly unreliable electricity and other government barriers and burdens.
Red-green policies being pushed by all major parties are making Australia more dependent on bolted-down industries such as mining and farming that can’t be sent overseas because their basic resources are here. And green opposition to nuclear power increases Aussie reliance on coal.
A century ago Australians relied on wool, wheat, gold, silver, copper, lead-zinc, butter, beef and timber – all products of bolted-down industries.
Red-green policies are pushing us back to those days. Politicians need to remember Newton’s Law of Bureaucracy – whenever the government tries to use the force of law to achieve economic goals the long term results will be equal and opposite to those intended.
So in the long run, red-green energy and environmental policies will make us more dependent on the industries they now attack – mining, farming, forestry and fishing.
Construction of new coal-fired power plants is increasing in at least 35 countries:
Asia is returning to Coal:
Greens Disappointed by Economic Growth:
Barnaby Joyce and Steven Ciobo get Chinese government funds for India’s Adani coal mine
22 November 2017: Bob Katter MP, Federal Member for Kennedy, is furious former Deputy Prime Minister Barnaby Joyce took part in selling Adani to China after news the Adani Group is close to securing finance for its coal mine and railway track in coming weeks with Chinese state-owned enterprises, banks, and export credit agencies backing the venture.
Media reports a director of Adani Mining said just days ago they would no longer need funding from Northern Australia Infrastructure Facility (NAIF) and a formal announcement of a financial close was imminent. It was reported in The Australian on Nov 14th Former Deputy Prime Minister Barnaby Joyce and Trade Minister Steven Ciobo wrote to top Chinese officials to vouch for Indian giant Adani. The report said they sent a letter to the chairman of China’s powerful National Development and Reform Commission saying they welcomed “foreign lending to support the development of major projects in Australia”.
“If you sell your country out, then you’re a traitor,” Mr Katter said.
It was also reported Chinese enterprises and export credit agencies invariably require that materials for key infrastructure are sourced from China, effectively shifting work out of Australia and undermining Adani’s claims its project will create many thousands of additional jobs for Queensland.
“Half Australia’s coal reserves will be controlled by whoever owns that railway line. It was not good enough for the ALP and LNP to sell our coal seam gas, now worth $25b a year. This is enough money to restore our outpatients at our hospitals, and give every pensioner and young families 10 grand each and every year.
“We sold the gas for 6 cents a unit we are now buying it back for $16 a unit – our own Australian gas. And now we are going to do the same thing with coal.
“Does anyone think a spineless Government in Canberra are going to stand up to the Chinese Government when they take over all of our unexploited coal reserves? The Greenies think they will stand up to that? Do they think the spineless ALP Government will stand up against the Chinese Government? No, they won’t.
“This will go down as the biggest sell out in our country in Australian history, and will let all the world know that Former Deputy Prime Minister Barnaby Joyce and LNP PM Malcolm Turnbull will go down in the history of Australia in infamy,” Mr Katter said.
Trump opens new coal mine in Pennsylvania after withdrawing from Paris climate accords
George Dethlefsen, left, CEO of Corsa Coal, speaks with a miner in a coal pit in Friedens, Pa., Wednesday, June 7, 2017. Corsa Coal Corp. says the mine will create 70 to 100 new jobs and produce some 400,000 tons of metallurgical coal a year. President Donald Trump referred to the mine’s opening during a speech announcing his intent to withdraw from the Paris climate accords. (Dake Kang/Associated Press)
FRIEDENS, Pa. — President Donald Trump hailed the opening Thursday of a new coal mine as proof deregulation is helping bring jobs to the industry, even though plans for the mine’s opening were made well before Trump’s election.
Corsa Coal Corp. will supply coal used in making steel and is expected to generate up to 100 fulltime jobs. The company said it decided in August to open the Acosta mine 60 miles south of Pittsburgh after a steel industry boom drove up prices for metallurgical coal.
Under a tent perched hundreds of feet above a freshly dug coal pit, about 200 miners, business leaders, and politicians celebrated amid the surge of enthusiasm for the industry. Mining headgear lay atop red, white, and blue table cloths labeled “Make Coal Great Again.”