Forgotten People: New Wind & Solar Slush Fund Shows PM’s Contempt for Quiet Australians

  The great unwashed in Australia’s suburbs and regions worked out long ago that heavily subsidised and chaotically intermittent wind and solar represent a problem, rather than a solution. Watching their power prices go through the roof, with much worse to come, the ambitious working classes were clearly none too keen on suffering more of […]

‘Greens’ Gamble on Your Future; while PM Stops CEFC from Laying Wind Power Bets

**** A little while back, that great philosopher, Kenny Rogers spelt out the rules for Gamblers in clear and simple terms: You got to know when to hold ‘em, know when to fold ‘em, Know when to walk away and know when to run. You never count your money when you’re sittin’ at the table. […]

Wind Industry Doomed as Smokin’ Joe Hockey Shuts Down CEFC Lending for Wind Farms

**** Having killed the “carbon” tax in an eye-blink – a business killing and family punishing $23 a tonne tax on carbon dioxide gas – Clive Palmer vowed to use his ability to block legislation proposed by the Coalition in the Senate to prevent any changes to the mandatory Renewable Energy Target; and the abolition […]

Alan Moran: time to Terminate the Great RET Scam

**** Alan Moran took on the role of RET “Terminator” some time back (see our post here). For Alan the driving question is not: “are you John Connor?” – it’s more like “are you Miles George?” – or any other wind industry rent-seeker hoping to continue stealing from Australian power punters, for that matter. But […]

Henry Ergas: the CEFC Labor/Green folly in the extreme

  The Clean Energy Finance Corporation is the brainchild of the Green-Labor alliance that left the Australian taxpayer as the unwilling underwriters of highly speculative wind power ventures that conventional banks won’t touch with a barge pole. The CEFC is an outfit living on borrowed time – the Coalition have sworn that it’ll be scrapped […]

US Renewable Guru commits heresy – once the facts are known support for fans plummets

Many STT readers will be aware that both the Australian government (where are you Greg Hunt) and the Clean Energy Regulator have been conspicuously silent amid allegations of fraudulent payments running to hundreds of millions of dollars relating to RECs – aka Large-scale Generation Certificates (LGCs) – created by non-compliant wind factories such as Waubra, […]

CEFC – convinced about spending Other People’s Money

The Coalition are moving full-steam ahead to scrap one of the saddest subsidy sidelines a Commonwealth Government ever got involved in. Clean Energy ‘unconvincing’ says Coalition Australian Financial Review Phillip Coorey and Angela Macdonald-Smith 6 December 2013 The federal government has rejected arguments by Clean Energy Finance Corporation chairwoman Jillian Broadbent that her organisation is […]