Australia’s Miners say: “Tony, it’s Time for the Great Big Toxic REC Tax to GO”

**** 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 Signals Its Own Demise – as the RET Review Panel Gets to Work

**** 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 […]

Australian Wind Industry’s House of Cards Collapsing

**** 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 […]

Dick Warburton: is the RET worth the Pain inflicted on Families & Business?

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 […]

Australia’s Wind Industry Finally Faces its “Waterloo”

**** 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 […]

Wind Power “Investors” and Retailers – Enter Contracts at your own RISK

**** 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 […]

RET Review Panel gets to work

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 […]