To read more about Bimblebox read through the links here.
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This has had
a wide coverage, but is Queensland listening?
I doubt it,
because the Feds have just enacted their policy of no
double-testing
of Endangered Species.
Referring all
approvals back to the States. So, we know the Reef is
in serious trouble. Same applies to Bimblebox, except that the
economists
are saying it is not worth the trouble to dig it up, lay train
tracks across
Qld, etc. But with Palmer in Parliament and Gina not
needing to be
in it, who knows what deals are going to be done?
Denis
Coal mines
could be 'mothballed'
AAP (Alan
Kohler)
Australian
coal mines are at risk of becoming "mothballed or abandoned
A study by
Oxford University looked at how coal demand from China, which
accounts for
half the world's coal consumption, due to environmental factors
could lead to
"stranded assets" in Australia.
Stranded
assets have suffered from unanticipated devaluations.
The study,
released on Monday from Oxford University's stranded assets
program, outlines
the environmentally-driven shifts already underway in
China.
The shifts
include a desire to reduce greenhouse gas emissions, reduce the
exposure to
the volatile commodity market and improving energy efficiency.
Researchers
found these factors and others could force mine owners to
re-evaluate
the viability of developed coal projects and those in the pipeline.
"Demand
below expectations, and lower coal prices as a result, would increase
the risk that
coal mines, reserves and coal-related infrastructure could become
mothballed or
abandoned," the report states.
"Prices
could also drop to the point where it is in the interests of miners to
cease
production, resulting in stranded mines and dependent infrastructure such
as
railways."
Apart from
the financial impacts on mine operators and magnates, state
governments
would also be hurt.
The study
highlighted the significant impact posed to Queensland,
where
mega-mines are planned for the Galilee Basin.
State
governments can reduce the risk of their investments ending up as
stranded
assets by limiting the use of taxpayer dollars on coal-related
infrastructure,
such as ports and railways.
Stranded
assets program director and the study's co-author Ben Caldecott
said these
developments were not factored into positions most coal owners
and operators
were taking.
"Policy
makers need to wake up to these risks as well," he said in a statement.
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23:50 (8 hours ago)
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Denis, hold on tight!
Friday is our D DAY for Bimblebox.
Hunt's deadline to send through the
airways more bad news.
Abbot is hoping that the financiers
ignore the price of coal by giving
them the govt green light...
a bit like me hoping that by writing
a submission or two the govt
won't approve the mine.
Paola
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00:47 (7 hours ago)
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Paola what is being done to you guys
is just criminal. I pray for good news
for you but hold little hope
unfortunately
cheers Russ
Russell Constable
Queensland Conservation
"Champion of Conservation 2013"
and proud member of
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01:09 (6 hours ago)
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Thanks Russell
they will need to drag us across the
country kicking and screaming and
that's the govt real dilemma! Not the
one to mine or not to mine a NR
but how to get rid of us
without fuss as we have been raising the
awareness to the wider public to the
fact that conservation areas can
be mined, a notion most are unaware
of. I believe people would expect
that tax payers money directed to
conservation wouldn't be redirected
to coal profits, that lines in the
sand are there for all to see even
if the govt is trying to obliterate
them with anti environment
legislation.
Not over yet, by a long chalk!
Paola
Paola
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07:18 (34 minutes ago)
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The Age and even our Border Mail have
both been giving the
Abbot Government heaps and the Age
had the Oxford story and I did
wonder at the tunnel vision of our
Government and all the State
Premiers who are rubbing their greedy
little hands together over
the prospect of unlimited development
of fossil fuels. Tony is getting
a F for failure from most members of the
public. However there was an
article that said that Hockey was just waiting
for Tony to stuff up so badly
that they threw him out and Jo would step
forward to replace him.
Out of the frying pan and into the
fire.
On a brighter note, there is an
elderly lady here who is so keen to help
Bimblebox that she is going to
organise an afternoon tea for which the
invitees will have to pay to
participate and she wants my books and the
critters there and for me to do a
talk. I will get brave and do it for you, Paola.
Every dollar we get will be helpful for a court battle. We will do it after
Every dollar we get will be helpful for a court battle. We will do it after
Christmas. The money I banked
yesterday was for Critters and books sold
at the Christmas Markets.
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07:39 (14 minutes ago)
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Thanks Maureen, you are a trooper!
P
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