Kohler: Pull Coalition coal “idiots” into line

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Too right, from our Alan today:

…last week’s performance by the Treasurer of the nation, Scott Morrison, waving a piece of coal around in Parliament and ranting that since coal has been the past source of Australia’s advantage, it must be in future, and anyone who disagreed with that madness was “coalophobic”, was pretty disheartening.

The development presents a difficult but important challenge for Australia’s corporate leaders, but if they respond to it properly, last week’s episode could be a turning point for energy policy.

They know, and one suspects that Morrison and Turnbull know too — we all know, really — that the only reason coal is “cheap” is that the cost of dealing with the carbon dioxide that comes from burning it is not included in the price.

…It’s true that wind and solar are intermittent, since the wind doesn’t blow all the time and the sun doesn’t shine all the time. But instead of helping the states to deal with this problem sensibly, Coalition politicians including the Federal Minister for Energy Josh Frydenberg, are just trying to score points and embed the hoax.

The rest of Australia’s leaders, in particular the CEOs of our largest companies, should declare now that enough is enough, and pull these idiots into line.

QED.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.