Carbon Economy

6

Energy lunacy marches on

Via the AFR: Energy producers and investors are regarding a possible Labor government after next year’s general election as offering the prospect of a defined energy policy that, while potentially tougher for the industry in some areas, will at least bring an end to what some have described as “almost uninvestable” situation under the Morrison

3

The Australian gas crisis redux

From Oxford Economics: In 2017, a gas crisis emerged in Australia’s East Coast gas market. Gas prices had increased rapidly from mid-2016 as the full effect of the three LNG projects starting operations on Curtis Island worked through the gas market, putting domestic energy users under pressure. In March 2017, the Australian Energy Market Operator

27

Bravo! Weatherill slays troglodyte Turnbull

Great stuff today from Australia’s best contemporary political leader, Jay Weatherill: Jay Weatherill has accused Malcolm Turnbull of intervening to “politicise a state emergency” after South Australia’s devastating statewide blackout in 2016, saying this ultimately led to his demise as prime minister because he was needlessly wedged “between the Labor states and his right-wing partyroom”

43

Adani green lights coal war

Via the AFR: Indian energy giant Adani has finally pulled the trigger on its controversial $2 billion Carmichael mine and will fund the project itself, with construction planned to begin before Christmas. After eight years of court challenges from environmental activists and delayed approvals, Adani Australia chief executive Lucas Dow on Thursday said the company

73

UN: Paris climate targets already blown

Via the UN: Current commitments expressed in the NDCs are inadequate to bridge the emissions gap in 2030. Technically, it is still possible to bridge the gap to ensure global warming stays well below 2°C and 1.5°C, but if NDC ambitions are not increased before 2030, exceeding the 1.5oC goal can no longer be avoided.

15

Coalition idiot explains energy policy

Liberal candidate for Frankston Michael Lamb says his party will get the private industry to build a power station in Victoria, if elected, but admits it will be at least partly taxpayer-funded. MORE: https://t.co/vMF1BfEI9c #Speers pic.twitter.com/8S4kxVdyvI — Sky News Australia (@SkyNewsAust) November 21, 2018 Enough said.

13

How the fossil fuels industry taxes us to death – literally

By Phil Soos, cross-posted from Independent Australia: The Government has prioritised economically supporting the fossil fuels industry instead of tackling urgent climate change issues, writes Philip Soos. AUSTRALIA’S CLIMATE CHANGE culture war is a hideous spectacle. Despite the obvious reality of human-caused climate change and the urgent need to act, the powerful fossil fuels industry (FFI)

9

Caixin China PMI stalls

Whether its credit or Trump it’s a slowdown in China: The latest Caixin China Composite PMI™ data (which covers both manufacturing and services) signalled only a marginal increase in overall Chinese business activity at the start of the fourth quarter of 2018. Furthermore, the Composite Output Index fell from 52.1 in September to a 28-month

3

Some taxes for the gas cartel!

A moderate victory over the gas cartel at Domainfax: Oil and gas giants will be hit with a $6 billion tax hike over the next decade following years of concern that Australia has been hemorrhaging lucrative revenue to multinationals. The decision was made after an 18-month wait for the Coalition’s response to a landmark review into

6

Japan breaks LNG deals so Straya can import its own gas!

Exciting news via Platts: On October 22, Japan’s Ministry of Economy, Trade and Industry unveiled a model clause that can be used by LNG buyers to remove destination restrictions from long-term contracts. Such restrictions have become more relaxed in renegotiations of LNG contracts or in new contracts among market players, Hiroshige Seko, minister of economy,

56

Fossil fuels just love Mike Cannon-Brookes

Via AFR: Mike Cannon-Brookes’ campaign to reclaim the phrase “fair dinkum power” from Prime Minister Scott Morrison has been swamped with offers of support, and the Atlassian billionaire is in the process of registering a trademark for a logo to promote renewable energy. Mr Cannon-Brookes said he had had hundreds of tweets and emails expressing

7

Labor to revive hideous NEG

Via The Australian: Labor will take the National Energy Guarantee — devised by Malcolm Turnbull and Josh Frydenberg — to the next election as its preferred mechanism for reducing emissions. It will scale up the target in the NEG to meet its goal of reducing emissions by 45 per cent. Opposition environment spokesman Mark Butler