carbon tax bull

[bordsilver]

The compensation package was essentially calculated based on the floor price. Once the floor price was removed (c.f. last weeks announcements) the value shot up. Saying that, I have no doubt that International Power etc were alreading valuing themselves on a risk weighted basis - i.e. price in the event of a potential change in Government and/or Government policy.

 

[bordsilver]

Tax the poor give to the rich

More tax the rich but f**k it up beyond all recognition due to incompetence (and taking the advice of the Greens) such that you end up screwing over the taxpayers (who are mostly middle class) to pay for your f**kups.

 

[radiobirdman]

Tax the poor give to the rich

More tax the rich but f**k it up beyond all recognition due to incompetence (and taking the advice of the Greens) such that you end up screwing over the taxpayers (who are mostly middle class) to pay for your f**kups.

Your right I f*cked it up ,tax everybody and give to overseas corporations +the UNs got to get there share
and the temp might drop .
.0005 of a degree in a hundred years if we do this right

 

[Lovey80]

The worst part about this whole thing is, under the governments own admission, IF they manage to meet their target, by 2010 Australia's carbon emissions will be higher than today, however under emissions trading the idea is Australian consumers will end up paying other countries to reduce their emissions on Australia's behalf.

How friggin dumb is that.

 

[radiobirdman]

The worst part about this whole thing is, under the governments own admission, IF they manage to meet their target, by 2010 Australia's carbon emissions will be higher than today, however under emissions trading the idea is Australian consumers will end up paying other countries to reduce their emissions on Australia's behalf.

How friggin dumb is that.

I think its called a scam or a con or something like that

 

[bordsilver]

The Greens and environment groups accused the government of a breach of faith for abandoning a commitment made with the Multi-Party Climate Change Committee

Ha ha, suckers. Now they can get a taste of what everyone else has been complaining about :lol:

 

[CriticalSilver]

Well, well... what a joke, what a waste of time, what a bunch of fkn clowns:

Dirty power stations to stay and pocket $5.5bn

Australia's dirtiest power stations will receive up to $5.5 billion in financial support for the next five years, despite shelving plans to invest in clean energy projects, after the -federal government dumped a central plank of its carbon scheme.

The government said yesterday that it had called off negotiations with five companies to close down high-emitting power stations. It blamed falling electricity demand for the failure to agree on a price.

The decision is a major blow to the carbon scheme's objectives to reduce emissions and stimulate investment in clean energy projects.

http://afr.com/p/national/dirty_power_stations_to_stay_and_268lYd9iCy6EhJ0OHDBt6K

Here's the graphic from that AFR article ...

And the most telling section of the article imo was:

Treasurer Wayne Swan denied the decision was driven by the government's stretched finances.

And the Sydney Morning Herald has this to say about the financial incentives the carbon tax has provided for the power generators ...

AUSTRALIA'S highest-emitting brown coal electricity generators are between $400 million and $1 billion better off than they would have been if there were no carbon tax, new modelling shows.

The brown coal generators' stronger-than-expected financial position yesterday forced the Gillard government to abandon its attempts to pay some of them to close down by 2020, infuriating environmental groups and the Greens.

Giving up on the negotiations frees at least $1 billion in the budget from 2013-14.

Read more: http://www.smh.com.au/opinion/polit...-big-polluters-better-off-20120905-25exz.html

It's sounding more and more like the Feds are broke! Makes you wonder just how close we are to a financial disaster doesn't it.

Edit: Oh, I almost forgot about this quizzical statement from the Government:

It blamed falling electricity demand for the failure to agree on a price.

Falling demand for power? :lol: must be all the aluminium and manufacturing plants moving off-shore. What an absolute farce.

 

[bordsilver]

Ignoring the debate about the carbon dioxide implications it's nearly impossible to deny what a fantastic resource the Victorians have in the LaTrobe Valley. I know it's not comparing apples with apples for lots of reasons but compare a standard good black coal seam with what fuels our brown coal generators.

Pic 1: Kogan Creek coal mine (a decent black coal resource that fuels the Kogan Creek power station). Truck and shovel job.

Pic 2: LaTrobe Valley brown coal (A frickin' huge seam close to the surface - can you see the people at the foot?):

 

[wrcmad]

^^^ Wow. I used to work in a coal mine where the seam was about 8 ft thick at best.

The overlying Yallourn Seam is up to 97 metres thick, and near the La Trobe River is overlain by another unnamed seam up to 16 metres thick.