Peabody Energy’s $5 billion takeover bid for Macarthur coal does seem to suggest that rumours of the coal industry’s imminent demise have been somewhat exaggerated. I’m looking forward to Tony arguing that this just proves that the carbon tax doesn’t go far enough.
Category Archives: The Australian
A spoonful of sugar helps the carbon tax go down
We all want to save the planet, but unsurprisingly nobody really wants to pay for it. Fortunately this diabolical dilemma has been solved through the miracle of recycling. What the Tax Taketh Away, The Tax Giveth Back (terms and conditions apply, and if you’re in the steel industry try not to look too smug).
Just as saving Australia from the Global Financial Crisis involved us battlers selflessly choking down a wodge of cash for our country, it seems the same principle can also save the environment from Global Warming, or at least look like it might be sort of nudging things in the right direction a very little bit. It will be interesting to see if it can save Julia.
Taking our lumps
The main trouble with foreign investment is that all the investment is foreign. Or something along those lines. Anyway it seems that China is buying all our sugar for their own nefarious ends. Or they might just think there’s a quid in it, what with all of us massive Westerners guzzling the stuff all day long. Now I’m not a climate economics broker scientist, so long as there’s a sachet of sugar on the cafe table to sprinkle into my latte I’m probably okay with it.
Ships in the night
As an island continent, pretty much every single problem besetting our once-great nation can be sheeted home to seagoing transport (well that’s where the trouble started anyway).
Coal, cows, human beings seeking succour from political oppression, they’re all the same if they’re in a bloody boat and as such I demand an immediate moratorium on all boats in all directions until it can be sorted out, starting with the immediate removal of that “girt by sea” line in the national anthem which is just asking for trouble.
What, the curtains?
Bob and Barnaby on the same page. Apocalypse anyone?