A “Sweet” Renewable Future for FNQ: or, “Is there Method in Palmer’s Madness”?

**** As STT has already pointed out, retaining the Clean Energy Finance Corporation and the mandatory RET makes no sense for a political party which helped to kill the “carbon” tax (with no ETS to replace it) because of the punishment it caused to businesses and households through spiralling electricity bills. Since big Clive’s announcement, […]

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 […]

PM’s Top Advisor – Maurice Newman – Hammers Palmer’s “Inconsistent” RET Plan

As the dust settles on the Palmer/Gore circus of the bizarre, it’s now evident that the PUP’s leader has pulled one the greatest confidence tricks since Paul Newman and Robert Redford joined forces in “The Sting”. As the hard-green-left stared in awe at their grand warming alarmist, Palmer slipped through the net unnoticed. It was […]

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 […]

Miners dig in to help scrap the RET

In 1964, a nit-picking academic called Donald Horne tagged Australia the “Lucky Country” – and he did not mean it as a compliment. Australia is lucky, but so what? It rode on the sheep’s back for more than a century as the world’s largest producer of fine apparel wool. It’s seen one or two golden […]

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 […]

Australia’s “Greens” unveil their 5 Year Plan for your Country

STT sees Christine Milne as the “Capo dei Capi” of Australian greentards – and she’s at it again. **** Not content with throwing a mere $10 billion of our hard earned cash at Spanish wind outlaws like Acciona and Union Fenosa, Milne wants to throw another $20 billion at them.  What’s that you say about […]