The truth about the great wind power fraud
**** As the RET Review Panel get ready to help axe the mandatory Renewable Energy Target, Australia’s miners have united to brand the RET a guaranteed “job killer” and just “plain crazy”. The miners quite rightly identify the Renewable Energy Certificates (RECs) issued under that policy as an enormous and unnecessary cost burden to households […]
**** Infigen is an all-wind-power-outfit that used to be called Babcock and Brown – which collapsed spectacularly in 2009 – taking $10 billion of investors’ and creditors’ money with it on the way out (see this story). The way things are headed – get set for a replay. Infigen is bleeding cash (it backed up […]
**** With Australia’s wind industry in its death throes, STT has already given fair warning to bankers, investors and shareholders with so much as a cent in wind power companies to grab their cash and get out as fast they can (see our post here). All-wind-power-outfits – like our favourite whipping boys, Infigen – are […]
As STT followers know, the RET Review Panel is headed up by Dick Warburton – a man who’s acutely aware of the pain being inflicted on Australian families and business by the mandatory Renewable Energy Target. Since Dick was appointed to conduct the first thorough cost/benefit analysis of the mandatory RET ever undertaken, the wind […]
**** During the latter part of the French Revolution a diminutive Corsican took charge of French affairs, installing himself as First Consul in 1799; and, in 1804, anointing himself French Emperor – adopting the tag Napoleon I. The little Emperor bestrode Europe and – with his Grande Armée – from 1803 to 1815 generally gave […]
**** With the Coalition’s RET Review Panel sharpening their axes the wind industry and its parasites have descended into a disorderly state of panic. For the very first time the industry’s wild and unsubstantiated claims about CO2 emissions reductions; its ludicrous claims about being “competitive” with conventional generation sources; and nonsensical claims about having minimal […]
The wind industry and its parasites are still reeling about the prospects of the Coalition’s RET review – which could well result in the mandatory Renewable Energy Target being scrapped altogether. The Expert Panel appointed by Tony Abbott to undertake the review – Dick Warburton AO LVO (chair), Dr Brian Fisher AO PSM, Shirley In’t […]
Judith Sloan has already entered the STT Pantheon with an earlier piece on the insanity that is the RET (see our post here). Well, the lass with a head for numbers – and smarter than brain pie – is back at it with this sizzling piece from The Australian. Junking energy target is right The […]
**** Proving Ron Boswell’s statement that: “Australia can have a carbon price and renewable energy targets or viable manufacturing. We can’t have both” – aluminium refiner, Alcoa has just announced that it will pull the plug on its Port Henry smelter near Geelong – with the loss of 980 jobs. Here’s The Australian on another […]
The Government’s review of the impact of the RET on power prices is expected to result in either a massive cut to the renewable energy target – or the scrapping of it outright – a move backed by the Australian Chamber of Commerce and Industry’s Chief Economist Burchell Wilson. Burchell Wilson has already given the […]
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