**** In recent weeks, with the wind industry copping it from all sides, the battle lines have been drawn, with politicians choosing sides. Although, not always the side one might expect. Old guard Labor men - like Gary Johns have rumbled the fraud: The Wind Industry’s “Fossil-Fuel-Free” Fantasy Scotched And the PM, Tony Abbott - … Continue reading ‘Silly’ Sarah Henderson joins ‘Disappointing’ Dan Tehan, as another ‘Green’ in Conservative Clothing
Tag: Pac Hydro
Pacific Hydro’s Ponzi Scheme Implodes: Wind Power Outfit Loses $700 Million of Mum & Dad Retirement Savings
**** Pacific Hydro is a name synonymous with wind industry skulduggery in Australia: the merciless treatment of its victims at Cape Bridgewater has been added to the annals of Australian corporate infamy, right up there with Aussie asbestos pedlar, James Hardie (see our post here). Now, its slap-dash approach to management, and all-round corporate malfeasance, … Continue reading Pacific Hydro’s Ponzi Scheme Implodes: Wind Power Outfit Loses $700 Million of Mum & Dad Retirement Savings
Labor & the Australian Greens: Nasty & Stupid – the Original Energy Policy Pygmies
**** Labor have long ceased to be the “workers’ party – instead it’s all about power – and the only way to cling to power is access to fat piles of cash. The Union (Industry) Super Funds - controlled by the likes of former Climate Change Minister, Greg Combet and his best mate Garry Weaven … Continue reading Labor & the Australian Greens: Nasty & Stupid – the Original Energy Policy Pygmies
Pac Hydro Write-Down Proves Wind Farms Don’t Run on Wind, they Run on Subsidies
**** Remember all that huff and puff put out over the last few months by the Clean Energy Council and near-bankrupt wind power outfit, Infigen about wind power becoming so cheap as to be competitive with coal and gas fired generators? You know, the fantastic tales about wind power causing a reduction in Australian retail … Continue reading Pac Hydro Write-Down Proves Wind Farms Don’t Run on Wind, they Run on Subsidies
Pac Hydro’s Wind Farm: How the Mandatory RET Destroyed Cape Bridgewater
As STT followers are well aware, the mandatory Renewable Energy Target and the Renewable Energy Certificates issued to wind power generators under it amount to a Federal Tax on all Australian power consumers. The value of the REC Tax is then transferred to wind power outfits – like Union Super Fund backed, Pacific Hydro – … Continue reading Pac Hydro’s Wind Farm: How the Mandatory RET Destroyed Cape Bridgewater
Federal Government’s Mandatory RET pays Pac Hydro to Steal Sonia Trist’s Home
**** As STT followers are well aware, the mandatory Renewable Energy Target and the Renewable Energy Certificates issued to wind power generators under it amount to a Federal Tax on all Australian power consumers. The value of the REC Tax is then transferred to wind power outfits - like Union Super Fund backed, Pacific Hydro … Continue reading Federal Government’s Mandatory RET pays Pac Hydro to Steal Sonia Trist’s Home
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, … Continue reading US Renewable Guru commits heresy – once the facts are known support for fans plummets
RET hits “critically endangered” list
**** When lefty business rag, the Australian Financial Review joins the growing chorus of those ready to scrap the RET and start again, wind weasels must know they’re in BIG trouble. STT placed Australia’s unsustainable Renewable Energy Target on the endangered list from the moment we started. But with the Coalition’s RET review about to … Continue reading RET hits “critically endangered” list
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 … Continue reading Game Over
STT scoops The Australian on green-slush fund shenanigans
Always ahead of the hack-pack, STT beat The Australian to the story of how the CEFC and ARENA fund are shovelling out $millions to their wind farm operator mates in our post last Friday, “On the Hunt for the missing $millions”. Anyway, better late than never, here’s today’s effort in the Oz. Green funding rush … Continue reading STT scoops The Australian on green-slush fund shenanigans
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