Archive for the ‘ Energy ’ Category

I hope they succeed


Asteroid mining.

Now there’s another mob hoping to cash in.

They’d be exempt from any carbon tax, right?

Advertisements

Carbon carking it


Just walk away already. How many more billions need to be wasted on useless gestures?

The world’s only global system of carbon trading, designed to give poor countries access to new green technologies, has “essentially collapsed”, jeopardising future flows of finance to the developing world.

Billions of dollars have been raised in the past seven years through the United Nations’ system to set up greenhouse gas-cutting projects, such as windfarms and solar panels, in poor nations. But the failure of governments to provide firm guarantees to continue with the system beyond this year has raised serious concerns over whether it can survive.

No worries. There’s another junket in Qatar this December.

Image H/T Craig Kelly MP, via reader Sean (on Facebook)

Kelly:

Australian taxpayers are funding a 21-strong delegation of bureaucrats from the Department of Climate Change to attend a UN “Climate Change Conference” in Bangkok, with all the departmental staff travelling bus
iness class.

This delegation follows a $360,000 trip for a 38-member delegation to last year’s UN “Climate Change Conference” in Mexico, where Climate Change Minister Mr. Combet, parliamentary secretary for Climate Change Mark Dreyfus, and their advisers all flew business class to exotic Cancun – which followed the then Rudd government spending nearly $1.5 million on travel and accommodation costs for his delegation of 68 to Copenhagen “Climate Change Conference”.

China, Japan, Korea, and a few chunks of rocks


Korea and Japan are fighting over Dokdo/Takeshima. Japan and China are fighting over a few other chunks.

Both disputed territories just so happen to have huge reserves of hydrocarbons.

One to keep a bit of an eye on.

Killing the golden goose


Perfect timing for a carbon tax and mining super profits tax! /sarc

And after all that, boy oh boy will Queensland Premier, the LNP’s Campbell Newman be unpopular. TBH, I think he’s going to far with all his cuts and stuff.

His latest is raising state mining royalties by 50% to the tune of an extra $1.6 bil.

OK, so he has to raise revenue (and slash 14,000 public sector jobs) to deal with the disastrous $90 bil odd debt Labor left QLD in, and thus he really is in between a rock and a hard place, and sure, he has time before the next election, but one suspects a lot of people who voted for him will be quite grumpy indeed.

Swan will blame Newman. Newman will blame Swan 🙄

UPDATE

The editorial in the Australian:

THERE should be no surprise if the Newman government’s first state budget was tough. Treasurer Tim Nicholls must have known there could be no half-measures if he is to restore the once-prosperous state’s financial position. He told Queenslanders: “we trust and hope neither this government, nor any other government will need to undertake such a difficult task of such magnitude again.” After years of fiscal ill-discipline in other jurisdictions, we would not be too sure.

A word of warning? Tony Abbott winning the next federal election isn’t even going to be half the battle. Our gross national debt will have gone up more than $100 bil by then.

What if?


Man, I haven’t laughed so hard in ages.

What would happen if you tried to hit a baseball pitched at 90% the speed of light?

xkcd’s Randall Munroe does the math.

The answer turns out to be “a lot of things”, and they all happen very quickly, and it doesn’t end well for the batter (or the pitcher).

Other important need-to-know questions are answered such as how much Force power Yoda has. Turns out it’s about as much as a Smart Car…

The site’s in the blogroll under “What if?”

We have oil, people


Lots of it.

A million people in North Dakota by 2030 and a million barrels of oil per day by 2015 are possible…

H/

The Snowy Mountain Scheme: what Labor giveth, Labor taketh away


Quite astonishing that Julia Gillard likened her carbon tax to the Snowy Mountain scheme insofar at how momentous it is.

It’s funny because the Snowy Mountain Hydro scheme is on her bucket list of the top 250 “big polluders”.

The Snowy Mountain scheme was started by Labor, and yet it is Labor driving the first nail into its coffin.

And wasn’t hydro electricity meant to be pretty clean and green, anyway?

What a farce. And it doesn’t end there.

Remember when it was 1000 companies that would have to pay? And then it was watered down to 500? And now it’s 250?

And mere days in, there’s talk of that $23 per tonne being watered down to $15.

It makes you wonder if this government has a clue about what it stands for, and what it’s doing.

Thus, business is left most uncertain, as if penalising the big polluders engines of Australia wasn’t enough (and no, they don’t trust Abbott, either).

%d bloggers like this: