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Old 16th April 2017, 10:46 AM
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Default Adani's Coal Extraction Nightmare

I'm possibly employing some measure of hyperbole here for literary effect but i think the government approved Adani operated coal mine and rail link in north/central Queensland is singularly the worst government policy i have ever had the misfortune to witness.

Here's my list of the horror story

Environment

So, in summary, its a fucking shit idea environmentally. It must therefore have some really game changing economic benefits.



Economically, the project



  • Needs $1billion dollars in public funds to get up and going, which the federal and Queensland governments are happy to pay...oh hang on, Adani have just confessed the project could start without the subsidy, but they'd really like it anyway and its already been approved so carry on.https://www.theguardian.com/environm...son-clare-says
  • Will create 10,000 regional jobs, according to the government but only 1,500 jobs according to everyone else who has studied the proposal (including Adani itself). This will reduce Qld's unemployment rate from 6.4% to 6.4% (no typo there, it wont even subtract a decimal point) and that's assuming those who are employed are currently unemployed Queenslanders and not specialists flown in from around Australia and the world.http://www.tai.org.au/content/where-...ationalists-go
  • Will increase tax revenue but absolutely no one knows by how much because there is no set royalty price set. Given the falling value of coal against the rising profitability of renewables, the tax concessions already granted to mining sector and the fact that the company is foreign based - some hard core data on tax revenue needs to be produced by the government...but it can't do that, because it can't set a royalty rate due to market forces. So, who exactly knows how much tax revenue the project will generate? No one.
Environmentally its disastrous, economically dubious for the Australian economy but at least the Adani group are a smart, savvy global player that will help to generate jobs, growth and progress and its good to have them active on this big continent.


Adani



So, in summary, it seems a bad idea to me and i'd be interested to hear about a government policy that was worse, at least over the last couple of decades.


I'm aware this long post has not broken any new ground here but i think we need a thread on this - a place to post news and also a place to link any activist plans.
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Old 16th April 2017, 08:14 PM
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Default Re: Adani's Coal Extraction Nightmare

Seriously, how fucking dumb are we? Australia the clever country.
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Old 16th April 2017, 09:01 PM
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Default Re: Adani's Coal Extraction Nightmare

Jobs? 1464, not 10 thousand. The difference was, this time the company rep was under oath in court.

Quote:
Environmental organisation Coast and Country seized on revelations in court on Monday the Carmichael mega-mine in the Galilee Basin would create an average of 1464 jobs per year, not the 10,000 jobs figure more commonly associated with the project.
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Old 16th April 2017, 11:22 PM
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Default Re: Adani's Coal Extraction Nightmare

It's a common ploy right across the sector.

"ELEVENTY SEVEN JOBS, short term jobs averaging maybe a couple of months each for a year or two during construction that is, then operations will only need seventeen"

I've had about 32 of those jobs already.
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Old 17th April 2017, 10:26 AM
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Default Re: Adani's Coal Extraction Nightmare

Fucked. It truly is fucked. Of all the dumb decisions I've seen, this is up there in the top ten, maybe top 5.
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Old 17th April 2017, 02:04 PM
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Default Re: Adani's Coal Extraction Nightmare

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loubert said View Post
Fucked. It truly is fucked. Of all the dumb decisions I've seen, this is up there in the top ten, maybe top 5.

And they wonder why Australians are dissatisfied with them. While not all Australian accept that global warming is real, I suspect even many of those who don't would rather we used clean and sustainable energy and development practices simply because it's a much nicer way to do things.


I do recall some Queensland politicians claiming that crocodiles were now turning up in places they have never been seen before, I would have to call them a pair of blithering idiots. They are basically living in a crocodile habitat, there are no crocodiles there because they have all been killed, sure you have never seen them there before, but that's probably because they were eating your ancestors generations before you were born.


The majority of Australians really want the best for the country, a small minority want jobs and development at any cost, they all appear to be running the country damn them.
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Old 17th April 2017, 02:06 PM
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Quote:
loubert said View Post
Fucked. It truly is fucked. Of all the dumb decisions I've seen, this is up there in the top ten, maybe top 5.
There are other decisions worse than this one. Sadly, as this one is really rather bad. The government not doing the things needed to be done on the property markets in Melbourne and Sydney are more likely to cause cataclysmic problems on our economy with a lot more jobs at risk than the 1464 adani might generate in FNQ. Not that they are directly comparable. But yes, this government is really a do nothing failure.
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Old 17th April 2017, 02:56 PM
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Default Re: Adani's Coal Extraction Nightmare

Quote:
The Irreverent Mr Black said View Post
Jobs? 1464, not 10 thousand. The difference was, this time the company rep was under oath in court.

Quote:
Environmental organisation Coast and Country seized on revelations in court on Monday the Carmichael mega-mine in the Galilee Basin would create an average of 1464 jobs per year, not the 10,000 jobs figure more commonly associated with the project.
The media and much of the population too pay no attention to numbers.it is normally the tone of voice or article which indicates whether we are supposed to respond positively or negatively. Over time and with repetition facts can be and are altered by an order of magnitude or two, or three even, to suit the occasion.
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Old 18th April 2017, 04:12 PM
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Default Re: Adani's Coal Extraction Nightmare

I think this is an excellent policy. it will generate jobs and growth. I don't know what jobs and for whom and I am not sure growth of what and to whom but I am a simple guy. give me jobs and growth any time. jobs and growth ... om nama shiva .... jobs and growth
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Old 18th April 2017, 04:51 PM
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Default Re: Adani's Coal Extraction Nightmare

I wonder when we will get a pollie that understands the term "value-add". Mine a sheep's back for wool and dig coal and iron ore out of the ground. That is what they call a diversified economy.
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