Nice to see activists who spend a lifetime staging secondary boycotts and trashing corporations operating within the law get stopped by the courts. Go Adani!
Nice to see activists who spend a lifetime staging secondary boycotts and trashing corporations operating within the law get stopped by the courts. Go Adani!
Parker Hannifin, the global industrial hardware store for all the major metal bashers like Boeing and Caterpillar reported results this morning. In a word – impressive.
All we care about is the orders trend. Parker supplies to global top tier firms around the world in pneumatics, hydraulics, pumps, solenoids, valves, actuators, linear motion, factory automation controls and so on. Think of it as a Bunnings Warehouse for multinational industrial corporations. Parker’s order book is a great read across on the state of global industrial production.
Orders for the quarter ending March 31, 2020, compared with the same quarter a year ago were as follows:
· Orders decreased 2% for total Parker
· Orders decreased 7% in the Diversified Industrial North America businesses
· Orders decreased 2% in the Diversified Industrial International businesses
· Orders increased 12% in the Aerospace Systems Segment on a rolling 12-month average basis.
Given COVID19, that is a pretty strong result on orders. Having said that, the next quarter maybe slightly more challenging and the company has pulled 2020 guidance.
At first glance, this is a pretty good outcome. The shares have retraced 50% from the recent lows.
It has been refreshing hardly seeing our 17-yo truant in chief, Greta Thunberg being exploited by her climate change doomsayers during this coronacrisis. Unfortunately, she caved to the attention deficit by feeling compelled to say she had contracted COVID19 despite not being tested for it. Not atypical of social media-obsessed kids these days.
Alas, the 50th Anniversary of Earth Day came for her to come out of hibernation and tell us,
“Whether we like it or not, the world has changed. It looks completely different now from how it did a few months ago. It may never look the same again. We have to choose a new way forward”
Indeed it has changed and will change. However, we believe that the coming economic depression won’t lend itself kindly to the untested prospect of a “green jobs” boom. This idea that we can sit back and flood the world with renewables to save us all. It is unworkable in practice. Why?
Let’s take the CSIRO, Australia’s chief government science body.
Why hasn’t Greta made a b-line to reference our CSIRO’s energy transition costings for Australia which exceed $1 trillion with a “T” out to 2050 (p.135)? Note this report isn’t a net-zero study – just lower emissions. So by that logic, net-zero will cost even more. c.100% of GDP. Just as tax revenues are about to go through the floor.
You will feel even warm and fuzzier after reading the next sentence.
CSIRO assures us that “these costs do not include the full integration costs of renewables, but that these costs are expected to be significantly less than $175 billion.” Who cares about billions in a world of trillions? Significantly less?
Why aren’t politicians and Greta looking at the world’s biggest renewable crash test dummy?
As we wrote, “Germany’s Federal Court of Auditors was even more forthright about the failures of renewables…The shift to renewables, the federal auditors say, has cost at least 160 billion euros in the last five years. Meanwhile, the expenditures “are in extreme disproportion to the results…”
Note 330,000 German households are in a state of energy poverty and have had their electricity provider cut them off. That is what happens when projected electricity prices at the time of the hysteria end up double that of the initial costings. Oops.
Yet, how eager are supposed activists willing to sign up to the green movement in practice?
We have a home-grown movement to reference commitment to climate change. 98.9% of households in the electorate of Warringah, that supposedly voted Zali Steggall OAM MP in on a climate change ticket, still haven’t signed up to her ‘Roadmap to Zero’ plans. Given their high powered V8 SUVs are getting one month to the gallon these devout climate change alarmists don’t seem that interested.
What about those on the front lines of the climate crisis? Surely they know best?
When we studied the language within the last 10 years of annual reports of the state fire services around Australia, why was ‘climate change‘, the words that 29 former fire chiefs told us is such a big factor, barely mentioned, if at all? Take Fire & Rescue NSW’s only mention of ‘climate change‘ on p.81 of its 2018/19 Annual Report,
“Where practicable, FRNSW crews were encouraged to turn off all non-essential lights on 30 March 2019 from 8:30pm until 9:30pm, joining millions of people worldwide in showing their commitment to tackling climate change and inspiring all generations to support environmental initiatives and sustainable climate policy.”
That will do it!
Then what of green jobs?
We keep on hearing about a huge surge in “green jobs”. The ABS reported that after 5 years of straight declines, rooftop solar has been the driver of the rise in the past two years.
“Annual direct FTE employment in renewable energy activities in Australia was estimated at 17,740 jobs in 2017-18, an increase of 3,890 jobs in FTE employment (28%) from the previous year (2016-17) and represents the highest level of FTE employment in renewable energy activities since 2011-12...driven by an increase in construction activity for large scale solar photovoltaic (PV) systems (1,950 additional FTE jobs) and roof-top solar PV (1,720 additional FTE jobs). Together, these two renewable energy types accounted for 94% of this increase in FTE employment in renewable energy.”
The ABS notes there are 12,500,000 Aussies employed. Therefore full-time green jobs make up 0.14% of the total. Construction makes up 1.056m jobs. Manufacturing employs 770,000. Combined, these sectors make up 15% of all employed.
So our two biggest sectors employ 107x more than the peak in renewables FT employment.
While Democrat Congresswoman Alexandra Ocasio-Cortez brainlessly tweeted “you love to see it“ when referring to the recent trend in negative oil prices, restless natives around the globe will not tolerate governments that pursue green policies that prolong their unemployment pain. They want jobs, not spoon-fed ideological alarmism as their saviour.
This global lockdown is doing one important thing – waking us up to unpleasant truths. Comforting lies surrounding renewables investment will have no place other than the dining tables of crony capitalists who aren’t dealing with lived experience of scraping by without work. That is not to say we won’t get governments trying to prescribing a “reset” but it will be a one-way ticket to being kicked out of office when the results don’t live up to the promises.
As our political class push for net-zero emissions by 2050, we shouldn’t be surprised that there aren’t costings. In reality, we would prefer politicians pave the roadmap to where the mystical decarbonized industries that will replace all of the jobs we will give up in mining, agriculture and transport will come from to fund it all? One way to cut our emissions is to tank the economy. Job done. After all being on the right side of history involves sacrifice. Our grandkids will thank us for it. Greta assures us.
The bigger question is why haven’t our politicians made a b-line to reference our CSIRO’s energy transition costings which exceed $1 trillion with a “T” out to 2050 (p.135)? Note this report isn’t a net-zero study – just lower emissions. So by that logic, net-zero will cost even more.
You will feel even warm and fuzzier after reading the next sentence.
CSIRO assures us that “these costs do not include the full integration costs of renewables, but that these costs are expected to be significantly less than $175 billion.” Who cares about billions in a world of trillions? Significantly less? Can anyone name a government project that has come in on time and on budget? Submarines? NBN? The beauty of spending other people’s money.
The power generation pathways are quite interesting. In Pathways 1 & 3, solar and wind are capped at 45%. Pathway 1 relies on biomass (actually dirtier than brown coal) with Pathway 3 allowed to include HELE coal, nuclear and geothermal. In Pathway 2 renewables are uncapped with battery storage. Pathway 4 is the same as Pathway 1 but with additional electricity consumption from hydrogen electrolysis for transport.
Electricity wholesale prices are contained on p.231. Even in the best-case scenario, we should expect a 50% increase in electricity costs. In the worst-case scenario on Pathway 3, wholesale prices will surge over 4x. Politicians should proudly tout to the public that they have energy prices under control.
Retail prices remain the cheapest on a no abatement basis (p.233)…who knew? In 2016 dollars, no abatement electricity will rise 40%, Pathways 1-3 +60% and Pathway 4 +80%.
CSIRO also assumes that by 2030, 5% of rooftop solar owners elect to leave the grid increasing to 10% by 2050.
Why aren’t our politicians looking at the world’s biggest renewable crash test dummy – Germany? As we wrote, Germany’s Federal Court of Auditors is even more forthright about the failures…The shift to renewables, the federal auditors say, has cost at least 160 billion euros in the last five years. Meanwhile, the expenditures “are in extreme disproportion to the results…
Note 330,000 German households are in a state of energy poverty and have had their electricity provider cut them off. Australia is around 45,000.
We have a home-grown movement to reference commitment to climate change. 98.9% of households in the electorate of Warringah, that supposedly voted Zali Steggall OAM in on a climate change ticket, still haven’t signed up to her ‘Roadmap to Zero’ plans. Maybe they are just too busy filling their high powered V8 SUVs on Military Rd to get around to it.
If we want to stop global warming, at the very least politicians should stop creating all this hot air. This net-zero policy is an economic suicide note.
Flipping through the latest RBA Chart Pack, it is no surprise that business investment keeps sliding off a cliff. As a % of GDP, it has slid from a peak of 18% off the short-term trough of 14% (GFC) to 11%, which now puts it at 1994 levels. It proves the old adage that businesses don’t invest because interest rates are low, they invest because they have confidence in the cycle.
Our government should be looking at this with alarm bells. It doesn’t take too much imagination to work out that political instability has played its part.
Australia was once regarded as the vanguard of political stability in the region which made it a sensible investment choice for domestic and international investors as a place to do business. There was a comfort in knowing that there wouldn’t be revolving door prime ministers and flip flops on policy positions. After all, much business investment takes years to get to the production stage.
The Howard years saw our business investment surge. Sensible fiscal policy was a feature too. While Rudd can be forgiven for GFC causing a slump in business investment it resumed until political instability put the mocker on business confidence.
We have been running deficits ever since and cranking up the national debt (we wrote about it here) because it is clear we don’t have sensible free-market conditions to self sustain direct investment at anywhere the levels we need.
Instead, we kowtow to radical activists who try to stop investment in projects like Adani and conduct illegal secondary boycotts on businesses like Greyhound Australia and Siemens without repercussions.
Whether coal is evil or not is irrelevant. The problem is such activism, which is further supported by ideologically corrupted government environmental departments – that push their own agenda on granting approvals – doesn’t endear domestic industries or foreigners to invest in us. These are dangerous precedents. All of this tokenism when we only need look at the realities of what will happen down the line.
Don’t take our word for it. Even our domestic businesses are leaving.
Thanks to Australia’s ridiculous energy prices, Aussie company Bluescope confirmed the expansion of capacity in Ohio. In Feb 2019, the company CEO said, “much cheaper energy in the United States is a major driver of the company’s preparedness to invest in a $1 billion expansion in Ohio.”
In 2017, Tomago Aluminium reported, “We have to grow to be competitive and to be ahead of the curve, but when the spot price went to $14,000 [per megawatt hour] we had to take that load off. It’s just not sustainable. You can’t smelt at that price. We have had to curtail or modulate the load [on occasions] or we get hammered by the price…We cannot continue to keep paying those prices. We have to find a solution. The prices are crippling”
Unfortunately, 28 years of unfettered economic expansion has made us complacent. We think this economical miracle has no off-ramp.
None of this is remotely surprising.
Can we honestly say that the impact of higher electricity prices hasn’t been a factor in pushing away investment in engineering and manufacturing? So this mad push for renewables will not alleviate this pressure. Germany is the perfect beta-test crash dummy. It predicted flat prices. They doubled from those forecasts.
Yet our political class is playing with fire.
We never thought Australia was realistically going to have a surplus when it was announced. Secretly there must be a sigh of relief in Treasury that the impacts of the bushfires and coronavirus will provide a convenient scapegoat to miss those targets under the premise of ‘doing the right thing.’ And no that does not mean the government is glad those two catastrophes have happened from a humanistic approach.
We need proper reforms. We need to ditch these notions of political correctness in public policy. We are as unimaginative as many other governments around the world. Living on a low-interest rate fuelled debt bomb. Kicking the can down the road simply does not work. Why aren’t politicians convicting their cases with evidence rather than folding to ideological positions held by fringe dwellers on Twitter?
When we visited Israel on a business delegation in 2018, Israeli PM Benjamin Netanyahu uttered the only 4 words that mattered for investors – “we want your business.” The innovation nation knows what it is good at and is prepared to back it to the hilt.
It would be so nice if our government spent some time in Israel to discover that we have it all wrong. Because we are only storing up a rude awakening. When our economy does suffer from the eventual ramifications of all of that lack of investment, the public will be howling that they can’t pay their mortgages, that they can’t get decent jobs and they can’t keep the lights on. None of that would have been necessary if they had been more open to business.
The ultimate result will be that we’ll put ourselves deeper into debt to fund some monster infrastructure projects that will provide short term relief, not long term solutions.
The foreign investors that could have helped had we treated them in a more dignified fashion will just buy our assets at fire-sale prices instead. Then we’ll have another moment to howl at the moon.
That will be the true price of our complacency. Experience is a hard teacher. You get the test first and the lesson afterwards.
On Feb 14-15, the likes of Dr Keryn Phelps, John Hewson, Peter Garrett, Michael Mann, Adam Bandt, Jane Caro and others assembled in Melbourne to pontificate at the National Climate Emergency (NCE) Summit where they slammed the table and demanded we hold politicians accountable under a new democracy!
While we vigorously defend their right to free speech, we question the glaring lack of scientists that wanted to participate as speakers at this event. This was the breakdown of the 100 speakers.
That is right, there were as many high school student activists as people who could profess to be legitimate professional climate scientists. There were even more lawyers present. In fact, media (the majority who have worked or work at the ABC), activist/lobby groups and politicians made up 67% of the total. Therefore one can work out quickly enough that there were precious little scientific-based facts behind the agenda.
At the very least, several poets were invited to speak to add to diversity. Many academics who spoke weren’t actually from climate fields.
Here are a few speaker profiles in no particular order:
Recently elected Darebin councillor, Trent McCarthy, had written in his profile, “Trent is the proud parent of two primary school student strikers.”
Another panellist, Costa Georgiadis was referred to as “a TV personality and landscape architect. Since 2012, he has hosted the ABC’s Gardening Australia”
“Bernie Hobbs is an award-winning science writer and presenter at the ABC.”
“[Paddy] Manning has more than a decade of experience as a journalist for the ABC, Crikey, The Sydney Morning Herald, The Age, The Australian Financial Review and The Australian.”
“Natasha Mitchell is a multi-award winning science journalist, presenter, and podcaster with the ABC.”
“Leigh Ewbank is the current Act on Climate coordinator at Friends of the Earth.”
Precious little diversity of thought among the 100 speakers.
While the content was predictable, the statistics were anything but convincing. We noted,
“Perhaps the most hilarious signatory to the letter was Matthew Flinders of Flinders University. Unless the university website has another Matthew Flinders listed as an active member, our esteemed explorer seems to have navigated his way back to life…simply adding to the total lack of credibility of the cabal of 268 academics who believe they have some sort of intellectual superiority over us. If one ever wanted proof of our judiciary leaning hard left, 12% of the people that signed this document were in law-related fields.”
“…Many of the woke academia come from fields such as stand up comedy, poetry, arts/education, sports management, archaeology, LatAm studies, sex, health and society, social services, veterinary biology, culture, gender, racism…are you catching the drift of those supporting XR? Even Monash University’s Campus Operations Manager and Telephony Application Administrator signed it! Wonderful individuals but should we hold our educators to such high standards when anyone’s opinion will do?”
“…Eerily, over 90% of the signatories do not appear to be renowned experts in teaching science, much less climate science. Which means, why weren’t the scientists in these universities willing to commit their names to a cause that fits their ideology? Who needs them when one faculty member from Monash University deals with ‘Imaginative Education‘?…”
“61% of the signatories were from universities situated in the Democratic People’s Republic of Victoria. Within that, 65 (more than all those that signed from NSW universities = 63) of those 164 names from Victoria were from RMIT, the school where the lecturer offered bonus points for sending selfies from the school climate strike. Precious little free thought one imagines. Monash had 44. So two universities in Melbourne made up 109 of the 268 Add La Trobe University and half of the signatories are from Victoria. Premier Dan Andrews must be proud.
Tinonee Pym, a research assistant at the Swinburne University of Technology in NSW helped pen,
Undoubtedly this research has only certified climate science credentials at Swinburne University to convince sceptics of the validity of XR.”
Once again, the force of numbers means absolutely nothing. We are often told by climate activists that we should listen to the climate scientists. We would most gladly do so provided events like this managed to herd a much larger representation of such expertise, including those with dissenting opinions. As it stands when only four scientists attend, including those with very contentious records, there is little hope for sensible debate.
As it stands, the NCE Summit was nothing more than a confirmation bias gathering of activists trying to swing policy to suit their crony capitalist desires.
The NCE forum only wanted to indoctrinate, not educate. Is it any wonder FNF Media was blocked from XR Australia. Identical mentality.
What is it with the self-flagellation over coal-fired power? The announcement that the Morrison government intends underwriting “ONE” coal-fired power plant brings with it the hysteria of publicly force-feeding kindergarten kids with highly radioactive sludge at recess time. Naturally, none of this outrage is based on facts. It is all tokenism.
Here are the stats for coal-fired power stations globally:
Australia has only 2.5% of the coal-fired capacity of China. Versus our total of 58, China has almost 3,000 in service.
Coal-fired plants that have been announced, are under construction, permitted and pre-permit stage around the globe total 1,046. Where are the climate activists in China, India, Vietnam, Pakistan, Indonesia, Bangladesh, Philippines, Japan, Russia, Mongolia, Botswana, Nigeria, Zimbabwe, South Korea, Thailand, Malawi, Serbia, Bosnia & Herzegovina, Turkey, Egypt, Poland and South Africa?
The mt CO2-e output of each country is as follows. Note China produces 36x more CO2.
So China and India are responsible for 58% of coal-fired power generated emissions and will be 50% of all new capacity additions going forward.
China has 100x more coal-fired power on the drawing board than Australia yet we behave as though we are the biggest climate sinners on the planet! China and India have consistently been 70%+ of all new coal-fired plant capacity additions since 2006.
So do Australian activists honestly think that canning one domestic new coal-fired power plant will have the slightest effect on global temperatures when our Asian and African neighbours are full speed ahead?
There have also been arguments made by activists that our coal exports should be counted against our totals in terms of emissions. Fine. Then by that logic, FNF Media expects the total emissions of every car sold in Australia (including fuel consumed) to be charged back to Japan, China, Korea, America and Europe. Every aircraft, every electronic device, every imported building material, crane, bulldozer, wind turbine, solar panel and truck that transports it. It would equal itself out pretty quickly.
Our global neighbours seem to be prioritizing national growth over climate alarmism. For it would appear they do not have the same level of brain-washed fanatics telling our kids that they have inherited a planet that will make them the last people on earth to survive.
The quickest route for Australia to end its prosperity is to cower to this insanity. To fall in line to the idea that renewables are cheaper (they aren’t) and more green is preposterous. Wind turbine blades are being put into landfill and solar panels are toxic to recycle and likely to end in the same place. Germany is giving us a great beta test case of how renewables are failing them. Indulge yourself here.
Coal-fired plants in Australia are forced to run sub-optimally to cater to the demands of the fluctuations in renewables which must be given priority to the grid. Ask anyone in large scale manufacturing how being forced to run at fluctuating levels destroys efficiency. It really is that simple.
Thermal coal prices are far from going out of control. So our power plant electricity generation isn’t becoming pricier due to input costs.
We have to stop becoming emotional about numbers and data and look at what they are telling us rather than build a narrative and reverse engineer the results. It always catches up to us in the end.
Our government needs to show some backbone and provide easy to understand data about reality. Rather than fold at the confected outrage which appears backed by crony capitalists.
Now that former PM Turnbull is weighing in on the debate (contradicting comments made while PM) saying that it is lunacy to pursue coal. Given his record of poor judgment, it stands to reason building cleaner coal-fired power plants is a sensible way to lower energy prices and remain a competitive global economy.
As FNF Media likes to say, the numbers will always be right in the end. Fiddle them at your peril.
Telstra CEO Andy Penn has suggested that climate change will be the “defining challenge” of the decade but proclaims he doesn’t want to be drawn into the government policy debate.
He has called for “more urgent action on climate as changing weather patterns deliver more frequent bushfires, floods, droughts and storms” at an American Chamber of Commerce lunch yesterday.
What a pity that the UNIPCC’s March 2018 report on weather extremes (with respect to anthropogenic induced global warming) contradicted Mr Penn:
“…There is low confidence in observed trends in small-scale phenomena such as tornadoes and hail because of data inhomogeneities and inadequacies in monitoring systems…in some regions droughts have become less frequent, less intense, or shorter, for example, in central North America and northwestern Australia. There is limited to medium evidence available to assess climate-driven observed changes in the magnitude and frequency of floods…low confidence for the attribution of any detectable changes in tropical cyclone activity to anthropogenic influences..low confidence in projections of changes in extreme winds.. low confidence in projections of changes in monsoons…low confidence in wave height projections…overall low confidence because of inconsistent projections of drought changes…low confidence in projected future changes in dust storms…low confidence in projections of an anthropogenic effect on phenomena such as shallow landslides.”
Never mind what the scientists ‘actually’ think. Just run the narrative of the activists instead to prevent Extinction Rebellion nutcases from super glueing themselves to the lobby entrance. FNF Media could indulge you on what the scientists actually think of the IPCC. For those interested please see the link here. Spoiler alert – it is exceedingly critical.
Mr Penn said that businesses and individuals should become aware of their carbon footprints. He admitted Telstra is one of the biggest consumers of electricity in the country as data storage needs explode by up to 50% per annum.
If it is such a massive concern, Penn should put Telstra’s shareholder money where its mouth is and charge customers extortionate fees for data storage and data usage such that he can force them to lighten their evil digital-driven carbon footprint. That way he can slow his electricity consumption. Then, Telstra can await all of those woke customers fleeing Vodafone and Optus in droves to sign up for inferior service for more money. Not quite sure what shareholders would think of that…
Even better he could suggest to the board that they close the business for good for the sake of the planet. After all, by going the whole hog he can sleep safe in the knowledge that his kids and grandkids will know he was on the right side of history (the standard alarmist playbook) before we’re swept away by the rising sea levels. Think of all that energy saved.
Unfortunately, we’ve seen this vacuous corporate virtue signalling tokenism before. Who could forget the comments made by Josh Bayliss, the CEO of Virgin Group? He said,
“It’s definitely true that right now every one of us should think hard about whether or not we need to take a flight.”
Why didn’t he close down the airlines in the portfolio? Instead of waiting for his customers to grow a conscience via flight shaming and do the right thing why not force their choice? The obvious answer is that it’s hypocritical in the extreme.
The International Air Transport Association (IATA) has already positioned behind the flight shaming movement to do its bit for climate change. In a two page flyer, it covered the idea that we reckless passengers must consider our carbon footprint but at the same time help the U.N. raise $40bn in taxes, sorry ‘climate finance,’ between 2021 and 2035.
The Carbon Offsetting & Reduction Scheme for International Aviation (CORSIA) is the vehicle which the UN’s International Civil Aviation Organization (ICAO) intends to liberate us from our sins and help fund the waste so endemic in the NY based cabal. Wherever the UN is involved expect a sinister agenda behind the virtue.
All airlines have been required to monitor, report and verify their emissions on international flights since Jan 1, 2019. Operators will be required to buy “emissions units” from the UN. If one asked the UN would it prefer emissions to be cut or taxes to be raised, it would select the latter every time.
Still, the easiest way to gauge public fear on climate change is not via a biased think-tank poll but monitor individual consumption patterns. It isn’t just population growth, because it isn’t growing at these rates. Three examples:
So good luck trying to get people to feel awkward about their individual carbon footprints. They’ll be to busy charging their mobile devices while booking the next overseas holiday to the Maldives.
For the 63,956 dwellings in my Warringah electorate, it is cute to see 66 households, yes 0.1%, sign up to local member Zali Steggall’s ‘Roadmap to Zero‘ campaign. Not even her army of campaign staff have signed up. In an area where there are probably more gas-guzzling SUVs per square mile than most places, this is the expected response to such a token suggestion.
Her website notes,
“Let’s Create a Plan for Positive Change.
We have been calling for the government to come up with a plan. If we are calling for it nationally, let’s work it out locally.
We’re focusing on seven sectors where we can make a difference: Energy, Transport, Waste, Food, Finance, Water & Other.
And we’re calling for businesses who can help us reduce emissions in these sectors to get involved and share their knowledge.”
As the recipient of a hard copy letter to the same effect, one wonders if Ms Steggall has had a larger carbon footprint in the mail out than she will save via 66 households who in theory should stop driving and start taking cold showers (responsible for 50% of household emissions) immediately.
What we want to know is how empowering is it to limit waste and emissions when 99.9% of households haven’t signed up? Perhaps she should go to Lotto Land football stadium when the Manly-Warringah Sea Eagles play again and suggest no more night games.
We would like to remind Ms Steggall that the Northern Beaches (local) Council, a large part of the Warringah electorate, announced a climate emergency. In the 2017/18 annual report it states the council saved 293 tons of CO2. Given that Australia produces around 561m tons, this amazing effort has meant a reduction of 0.0000522% of Australia’s total. Put it against Australia’s CO2 impact vs the entire atmosphere means that Northern Beaches have hammered home a mammoth 0.000000000699857% saving! Yes, 9 zeroes.
Yes, the Roadmap to Zero, really is zero.
28 January 2020
Adani statement on Greyhound
Despite an ongoing sophisticated and well-funded campaign by anti-coal activists, construction of our Carmichael Project is progressing well.
Adani Australia continues to work with a broad range of contractors and we have signed contracts valued at more than $500 million.
Adani Mining CEO Lucas Dow said there were more than 200 people working at the mine site and many more were working on various components of the project across regional Queensland from assembling equipment to preparing to lay the railway track.
“Anti-coal activists have thrown everything they’ve got at us in order to stop our project from court cases to multi-million dollar advertising campaigns but they haven’t succeeded.
“We are not intimidated and construction is progressing well.
“The activists’ latest tactic is to boycott other businesses and threaten their livelihoods and intimidate their employees as they have done with Greyhound, who is engaged by one of our sub-contractors.
“This latest tactic will not affect construction of the project as bussing providers from around Queensland are lined up and ready to assist us and our contractors with our transport needs.”
A reminder that Secondary boycott actions under the Competition and Consumer Act 2010 say,
“Section 45D prohibits conduct by a person “in concert” with a second person from engaging in conduct that “hinders or prevents” a third person supplying goods or services to a fourth person.”
While we can argue that Greyhound Australia chickened out of its Adani contract of its own volition after such pressure (it could have ignored them) it nonetheless shows that activists are becoming more emboldened to try to shut down legitimate business activity they have nothing to do with. Why have laws if they won’t be enforced?