Liberal and Labor party deregulation of farm water allows this profiteering of $311M for foreign companies which pay little or no Australian tax. How much longer will Australians put up with this sell-off of our natural assets, particularly water
SINGAPORE (THE BUSINESS TIMES) – A unit of Olam International is selling 89,085 megalitres (about 89 billion litres) of its permanent water rights in Australia to a related entity of the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, for A$490 million (S$452.7 million).
The deal is expected to be completed in December 2019, whereupon Olam will receive cash proceeds of A$490 million. The agri and food giant is also expected to book a one-time pre-tax capital gain of about A$311 million.
Separately, PSP Investments has agreed to buy about 12,000 hectares of almond orchards and related assets in Victoria, Australia, that were previously leased to the Olam unit, Olam Orchards Australia (OOA).
Both the almond orchards and the associated water rights will continue to be operated by the subsidiary, said Olam.
OOA has entered into a new, tiered revenue sharing arrangement with PSP Investments for the almond orchards, related assets and permanent water rights. Under this arrangement, OOA will pay PSP Investments a share of revenue from the almond orchards.
The agreement is for an initial period of 25 years with options to renew for another 25 years.
Olam’s managing director and CEO of edible nuts Ashok Krishen said: “Consistent with our asset-light approach to tree crop production, this arrangement will enable Olam Orchards Australia to focus on operations and continue to deliver best-in-class products and services to customers.
“I am confident this partnership with PSP Investments will help lead the industry in sustainable farming and agricultural practices, and protect critical natural resources, such as water in Australia.”
In addition to the sale of its permanent water rights in Australia, Olam is in discussions to divest and/or restructure various assets and businesses in line with its strategic plan. Some of these deals may conclude in this financial year, said Olam.
Geo-engineering heating oceans and killing coral reefs
by Robert J Lee in Cairns
Climatologists are baffled why no cyclones have formed in the Far North so far this year, claiming it to be “unusual.”
Weather forecaster Tamika Tihema told the Cairns Post there was nothing on the radar to suggest things might change any time soon.
Not a single cyclonic system had formed in the eastern region which takes in both the Coral Sea and the Gulf of Carpentaria.
Ms Tihema said there had never been a year since records were kept when a cyclone did not form in the eastern region, although there was time yet.
Unfortunately the climatologists and the weather bureau have not factored in the increased chemtrail spraying activities over Cairns and the Tablelands ten days ago.
Chemtrail observers and analysts say the high altitude application of various chemical cocktails have been used by government for decades to alter weather patterns.
Cairns has had less than a normal wet season so far leaving ratepayers facing water restrictions early in the year.
Tablelands farm irrigators, having Tinaroo Dam as their main water supply, will soon face tighter restrictions with the dam capacity now at 43 per cent.
Cairns News is left wondering if irrigators and homeowners will ever face up to the fact that man made climate interference is not and has never been influenced by carbon dioxide.
It has been caused by decades of high-atmosphere chemical dispersion using specially adapted aircraft, not done by the Air Force, according to then Air Chief Marshall Angus Houston.
In a letter to a reader, Air Chief Marshall Houston denied the Royal Australian Air Force was using any of its aircraft to apply chemicals.
In what could have been the most pertinent point missing from his letter, he did not deny high altitude chemical spraying actually occurred.
Editor: This comment below from a researcher working at a prominent university explains how geo-engineering affects the climate and thus has contributed towards coral bleaching events on the Great Barrier Reef. Coral bleaching is nothing new. It was first recorded in the late 1800’s but the evidence shows coral recovers quite well with
nature’s wonderful regeneration process:
Comment: http://www.geoengineeringwatch.org is a credible site. Chemtrails is not the correct term to use. It is geoengineering, using a technique called Solar Radiation Management (SRM). There are many parts to this geoengineering story. It is modifying weather patterns all over the world and destroying the earths’ biosphere. What we are not being told is this is a military operation, the aerosol spraying consists of Barium, Strontium, Aluminium and Coal Ash. These are conductive materials (which also heat up the atmosphere) used to enhance the microwave technology – HAARP, Nexrad/Doppler, SBX electromagnetic operations.
Focus of the Media is on the freezing temperatures in the USA and Europe. This is because the northern Jet Stream has been manipulated further south from the Artic. The Artic has had record high temperatures, (as the Antarctic) causing massive ice melting events. The Artic permafrost is melting at an alarming rate causing massive amounts of trapped methane to be released into the atmosphere. Methane is far more deadly than CO2. CO2 is not the danger it is the methane. The methane releases are destabilizing the earthquake zone known as the Gakkel Ridge. The earthquakes along this ridge are causing more methane releases.
Once the ice melts at the Artic, known as a blue ocean event, the water will then be absorbing all the heat and the earth’s temperatures will rise rapidly.
Mass deaths of wildlife and sea life occur daily, the numbers are in the millions! Look up http://www.end-times-prophechy.org/animal-deaths-birds-fish-and-times.html Although this is a religious site the mass deaths are valid information – verified with links to the articles worldwide with records going back to 2011.
No one mentions the mass tree die offs world wide. Extensive world mapping is available on the internet, just look up mass tree die-offs.
Mass coral reef die-offs world wide also.
Fukushima plays a massive role in the destruction of the world ‘s oceans and atmosphere. It is a Nuclear War without a War. Radioactive water is pouring into the oceans, they do not have the technology to cap the damaged fuel rods. There are high levels of cesium-137, Iodine-131 and Strontium-90 in the oceans and in fish tested in Canada. Radioactive fish are filled with bloody, cancerous tumours and sea lions that have died tested positive for Leukemia. 210 quadrillion becauerels of cesium-137 has been released into the atmosphere and more daily. There are no safe levels of radiation exposure.
6th December 2013: KAP Federal Leader and Member for Kennedy Bob Katter used Question Time to ask the Treasurer if the Federal Government and Treasury will continue to provide the strong support for the mighty Pentland irrigation scheme.
“The money that was set aside by the ALP Federal Government for the copper string project remains in the budget and I am committed to ensuring that it goes to where it needs to be – here in north Queensland– to generate jobs, drive the local economy and prosperity in this great region.
“The project would mean incredible things for both the people of the coastal and inland communities in the north by producing of ethanol, sugar, electricity and open our vast land for agricultural production,” said Mr Katter.
The Pentland Project is projected to generate 800 megawatts per year of base and peak load power and has the potential to generate $30,000M a year.
“The Project would provide cheaper, clean and limitless electricity which would meet all of north Queensland’s current power requirements and most importantly, it feeds electricity into the Galilee Basin,” Mr Katter said.
Mr Katter began his question by officially announcing that the Treasurer had been “accorded the highest of appellations, the title of Honorary North Queenslander”.
“In light of this august title and its obligations and in the spirit of Christmas, could the Treasurer assure his fellow North Queenslanders that the ‘self-funded’ mighty Pentland irrigation project, which would produce over $1000m of ethanol, electricity and cattle stock feed, plus a power station, continue to receive the strongest support from Treasury and the Federal Government?” questioned Mr Katter.
The Treasurer confirmed the Federal Government’s commitment to the project, stating that North Queensland has the “capacity to be in the engine room of the Australian economy in the 21st century”.
After extensive pressure from Mr Katter, in April 2013, the former ALP Federal Government announced a commitment of $2.5million towards the compilation of a commercial report of the power component association with the colossal project which would see some 126,000 ha of land accessed for the viability of agriculture, coal, mining and energy production.
The commercial study is progressing with a team from GHD Hill Michael working under the guidance of a local steering committee to identify investment opportunities and development in the north.