Australian Finanical Review – what a paper!

The great things about the business press are
a) that they don’t cover celebrities and sports and all that stuff that you’d otherwise have to filter out
b) the facts per page ratio is bearable (compared with the dross in Murdoch)

Friday 24th’s paper is no exception.

How Gillard took on Rudd
Pamela Williams
Gillard has made an even greater mess since, with her own failure to adequately explain her reasons for breaking a 2010 election promise not to introduce a carbon tax – and those reasons that she has advanced (circumstances change) have failed to find any traction in a sullen and disenchanted electorate.

Yup.  I must say, it’s very unreasonable of the electorate to expect “no carbon tax” would mean “no carbon tax.”

New or old, it’s a precarious paradigm
Laura Tingle [who is the best regular reporter/commentator I’ve encountered. If people have better suggestions, please let me know.]
The farce of Abbott’s call for a plebiscite on a carbon price (which he would only take notice of if it agreed with him) seems to confirm that the Coalition is starting to run out of ways to keep its daily assault on the carbon price in the news cycle. [ACN: I am sure the Murdoch press will continue to oblige him, as long as is inhumanly possible!]
The opposition must now hope that any signs of dissent on the other side of the carbon debate will provide some new fodder because otherwise it will have at least five or six weeks over winter when the bicyle-like momentum of Abbott’s whole raison d’etre could slow.

There are real political dangers ahead for Lab/Lib/Greens/Indies in this. The number one danger – that we will emerge with a scheme that does SFA for carbon emissions – seems like a racing certainty. So it goes, as Kurt Vonnegut (RIP) used to say.

The Multi-Party Climate Change Committee may still not agree at all, or only in part, on a carbon price. While there will then be intense pressure on the Greens to make a deal on a climate price, if the tricky issues like coal and electricity generation compensation can’t be solved, Labor may yet have to take its chances with bits of its packaged on the floor of both houses, as independent MP Tony Windsor noted last week.

Quite. Labor needs to not look weak, and might just take the game of chicken through to the lower house instead of faffing on into mid-July. This whole shamozzle will drag on till September when the legislation comes out. Nerves of steel and all that…

Meanwhile, business ain’t happy…

Carbon confusion unites retail giants
Sue Mitchell
Woolworths, Coles, Bunnings and David Jones yesterday called on the federal government to provide greater clarity on the carbon tax and expressed doubt it could be introduced by July next year because they had yet to be consulted on its implementation.

and who’dathunkit – elsewhere a Coal Miner sez the sky will fall…
Vale Australia’s head of coal operations asserts ”Coal, if it is thermal, I don’t think can live with any carbon tax.”

4 Comments to “Australian Finanical Review – what a paper!”

  1. Thank heavens that I am not in SA to read The Advertiser – what I could find on Adelaide Now makes SA look like a back water from the big things that are going unnnoticed there! I can buy the “FIN” today and not feel as if I have missed something!

  2. The sad thing is all of this is that in the first place we have an overloaded planet, by 20% – the fluffing around has been done at the behest of big business, the obscene and greedy end of town.
    Just ask yourself: “How is it we know how to transplant a heart, send information around the world on the internet, have profound knowledge of space, waste time and resources trying to visit it, have stupid religions telling us that various gods will come and save us, even that a god had a grand design in it all, yet we continually crap in our own nest?”
    If we are going to indeed survive, we need drastic changes, NOW – we need thinking outside the exponential growth square..
    Backing Labor and the Greens, in the interim, is our best early chance.
    Sadly the Liberals, whom I have backed for many a year, are now a mob of cowards lead by a man who has backed himself into a corner and cannot turn away from the mirror.

  3. so we tax our own coal industry while the same govt allows exports of nearly 1/3 of the worlds coal. in other words we supply the stuff for others to pollute with. if the govt is fair dink um and cared so much for the future then they would cut down on exporting so much coal. but no they would like others to pay and still collect the money from the exports. any small if at all changes to climate we do will be more than wiped out by the developing countries who buy our coal . once again the govt acts before it thinks as with the pink batts, school halls, refugee, live cattle exports etc. gillard said there would be no carbon tax, she stabbed Rudd in the back and has lied to the Australian people. now the greens hold the balance of power and gillard and the independents have souled out to stay in power. what a mess, bring on another election so that the people can choose and not have someone who has stolen power to tell us whats good and bad for us.

    • Hello Mr Waters,

      I am glad that you agree there is a climate problem “any small if at all changes to the climate will be more than wiped out…” and that something should be done.

      You are, I’m afraid, correct in saying that the reduction in Australia’s emissions – just from domestic consumption – will be very very small from the carbon tax.
      You are also right in saying (or implying) that failing to cut down on coal exports leaves Australia (the people and companies, not just the government) open to charges of hypocrisy. I think Guy Pearse (ex Liberal Party member and coal lobbyist) is spot on in his “Quarry Vision” Quarterly Essay from a couple of years ago.
      I won’t cover much more, except to say that the ban on live exports was actually supported by the Liberals too, and to accuse Gillard of stabbing Rudd in the back without at the same time pointing out this is what Abbott did to Turnbull.
      is a bit disingenuous.

      It is unclear what impact a carbon tax will have on Australia’s coal mines

      You may enjoy this article – it covers a lot of the points you have raised.

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