4 October 2017, The Conversation, Australia’s $1 billion loan to Adani is ripe for a High Court challenge. Indian mining giant Adani’s proposal to build Australia’s largest coal mine in Queensland’s Galilee Basin has been the source of sharp national controversy, because of its potential economic, health, evironmental and cultural risks. These concerns were amplified this week when India’s former environment minister Jairam Ramesh told the ABC’s Four Corners: My message to the Australian government would certainly be: please demonstrate that you have done more homework than has been the case so far. It’s a valid warning, considering that a Commonwealth investment board is considering loaning Adani A$1 billion in federal money to assist the development of mining infrastructure. The loan, expected to be announced any day now, will no doubt agitate further political controversy. It is also likely to pave the way for yet more court challenges against Adani’s proposal. Read More here
Monthly Archives: October 2017
3 October 2017, The Guardian, Voters back fracking bans despite pressure on states to drop them. Despite the Turnbull government’s insistence that state-based restrictions on unconventional gas extraction are putting Australia’s energy security at risk, twice as many voters support the bans as oppose them. A new poll, conducted by the progressive thinktank the Australia Institute, has found 49% of Australians support a moratorium on fracking for gas in their own state, while just 24% oppose it. It also found 74% of Australians support an increased renewable energy target in their own state, demonstrating support for state-based renewable energy targets is largely unchanged since March 2016. The Australia Institute survey of 1,421 Australians took place between 17 and 26 September. It asked voters if they supported or opposed their state governments implementing a moratorium on fracking for gas and an increased renewable energy target. The poll ended last week just as the prime minister, Malcolm Turnbull, wrote to the New South Wales premier, Gladys Berejiklian, the Victorian premier, Daniel Andrews, and the Northern Territory chief minister, Michael Gunner, asking them to lift their “blanket moratoriums” on new gas production and warning they were putting Australia’s energy security and industries at risk. Read More here
3 October 2017, The Guardian, Catholic church to make record divestment from fossil fuels. More than 40 Catholic institutions are to announce the largest ever faith-based divestment from fossil fuels, on the anniversary of the death of St Francis of Assisi. The sum involved has not been disclosed but the volume of divesting groups is four times higher than a previous church record, and adds to a global divestment movement, led by investors worth $5.5tn. Christiana Figueres, the former UN climate chief who helped negotiate the Paris climate agreement, hailed Tuesday’s move as “a further sign we are on the way to achieving our collective mission”. She said: “I hope we will see more leaders like these 40 Catholic institutions commit, because while this decision makes smart financial sense, acting collectively to deliver a better future for everybody is also our moral imperative.” Church institutions joining the action include the Archdiocese of Cape Town, the Episcopal Conference of Belgium and the diocese of Assisi-Nocera Umbra-Gualdo Tadino, the spiritual home of the world’s Franciscan brothers. Read More here
2 October 2017, Australian Institute, We have enough cheap, easy-to-extract gas to last 100 years. There’s just one problem. Australia has plenty of cheap gas. The problem is private companies are selling it all overseas, writes principal adviser at the Australia Institute Mark Ogge. Hard to believe, isn’t it? But it’s true: in the last decade, tens of thousands of square kilometers of Queensland farmland has been covered in gas fields. The export gas rush in Australia is one of the largest and fastest expansions of a gas industry ever seen, anywhere in the world. We are awash with gas. The problem is we are allowing almost all of the cheap and easy-to-get-at gas to be sent overseas. The gas in some areas is close to the surface, in big reserves all together, where there are no bothersome farmers, aquifers or national parks in the way. That gas is relatively cheap to extract. But some gas is deeper and harder to get at for all sorts of geological reasons. And that gas is more expensive to extract. Some gas is not just deep and hard to get at, but is underneath valuable aquifers that would need to be drilled through to get the gas. Much of it is on properties of people who don’t want a gas field on their land, or on properties a long way from where the gas is needed. That gas is very expensive to extract. So, naturally, the gas companies’ first preference is for the easily extractable, cheap gas, and they drill that and sell it first. The problem is, there is a limited amount of that cheaper to extract gas. Once that gas is gone, only the difficult, expensive-to-extract gas remains. That was OK when it was just being sold to Australian customers. There was enough reasonably easily extractable, cheap gas to last for decades at least. Read More here