Political and social commentary
Tuesday, 17 December 2013
Bimblebox conversations on Clive Palmer's coal mines - the shame of greed and the threatening of a created and creative world
To read more about Bimblebox
read through the links here.
to Paola, Maria, Maureen, Russell, me
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?
Coal mines could be 'mothballed'
AAP (Alan Kohler)
Australian coal mines are at risk of becoming "mothballed or abandoned
as China's commodity demands change, new research shows.
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
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
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.
Bimblebox Nature Refuge
23:50 (8 hours ago)
to Denis, Maria, Maureen, Russell, me
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.
00:47 (7 hours ago)
to Bimblebox, Denis, Maria, Maureen, me
Paola what is being done to you guys is just criminal. I pray for good news
for you but hold little hope unfortunately
Queensland Conservation "Champion of Conservation 2013"
and proud member of
Bimblebox Nature Refuge
01:09 (6 hours ago)
to Russell, Denis, Maria, Maureen, me
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
Not over yet, by a long chalk!
07:18 (34 minutes ago)
to Bimblebox, Russell, Denis, Maria, me
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
Christmas. The money I banked yesterday was for Critters and books sold
at the Christmas Markets.
Bimblebox Nature Refuge
07:39 (14 minutes ago)
to Maureen, Russell, Denis, Maria, me
Thanks Maureen, you are a trooper!
Brigid O'Carroll Walsh
Share to Twitter
Share to Facebook
Share to Pinterest
Rights of Nature
Post Comments (Atom)