Politicians & Business Finally Waking Up to the Massive Costs of the LRET

**** In this post we highlighted the political distinction between the small scale renewable energy scheme (SRES) – which doles out subsidies for rooftop solar – and the Large-Scale RET (LRET) – upon which the debacle that is the wind industry depends. While Greg Hunt and Ian “Macca” Macfarlane have been running around talking up […]

Wind Industry Built on the Graves of 6,000 Australian Manufacturing Workers

As the RET Review Panel sharpens their axes, Members of the Coalition are making it known that the mandatory Renewable Energy Target simply has to go. Here’s what appeared on the front page of The Australian today. ‘Jobs risk’ in clean energy targets The Australian Adam Creighton 16 June 2014 THOUSANDS of jobs across Australia […]

Queensland says: Time to Scrap the Renewable Energy Target

**** The RET Review Panel’s interim report is expected within the next few weeks and we hear there is no joy in it for the wind industry and its parasites. The big end of town have made some walloping submissions – all targeting the mandatory RET as the costly and ineffective market distortion that it […]

Call to Scrap RET goes from Whisper to Roar: BCA joins the queue

Renewable energy target distorting market: BCA The Australian Annabel Hepworth 14 February 2014 THE nation’s peak business group has warned that the controversial renewable energy target — already blamed for distorting the $11 billion National Electricity Market — could become more expensive when the carbon tax is repealed. In a submission obtained by The Australian, […]

Game Over

Hands up STT readers, who’s game to lend money to Infigen, Pac Hydro or Union Fenosa? Ready to send your hard earned coin to Infigen – the crowd that backed up a $55 million loss in the year ended 30 June 2012 with an $80 million loss in the last financial year? Our favourite whipping […]

Don’t Panic, Don’t Panic!!

They’re panicking. The greentard bloggers are in a solid state of denial at the minute. One of them – The Climate Speculator is exhorting its stricken band of followers: “don’t panic, don’t panic”. When Jonesy used the same line – it almost always meant there was every reason to panic. The Climate Speculator is arguing […]