The Renewable Energy Target & the REC Tax: a Political Time-Bomb for Tony Abbott

**** Following the Coalition’s first budget, Australian political discourse is bouncing firmly along the bottom of the gutter. Barrackers for the hard-green-left lunatic fringe – like the ABC, SBS and the Fairfax Press – have taken to seizing on Coalition “horrors”: like the fact that the Treasurer and Finance Minister were unrepentant about being “caught” […]

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 […]

Energy Market Gorillas Beat Up on the Wind Power Monkeys

**** The opportunity to make submissions to the RET Review Panel ended last Friday. The Panel’s mailbox has been stuffed with cracking submissions from Australia’s leading energy market economists, business groups and, more importantly, the really BIG players in Australia’s energy market (let’s call them the “energy market gorillas”). Two of the biggest – Origin […]

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 […]

Time to let the RET Review Panel Know What You Think

As STT’s loyal followers know, Australia is all set to decouple itself from the international economic suicide pact entered when gullible and unwitting governments all over the world signed up to ludicrously expensive and utterly pointless renewables policies. The Coalition are itching to scrap the Renewable Energy Target – and the RET Review Panel appear […]

Wind Power Investors: Get Out While You Can

**** For anyone still foolish enough to have their hard earned cash invested in wind power companies the warnings to grab your money and run couldn’t be louder or clearer. The members of the RET review panel have signalled their intention to take an axe to the RET: spelling out the fact that the review […]

Australia’s Treasurer, Joe Hockey says: Stop These Things!

**** Last Friday, the Federal Treasurer, Joe Hockey (aka Shrek) met with Alan Jones on his Breakfast radio show on 2GB. And what he had to say about giant fans has sent the wind industry and its parasites into fits of apoplexy. Predictably, the usual suspects – eco-fascist bloggers, the ABC and Fairfax Press – […]

Bjørn Lomborg: Cost of Renewables Hit Poorest the Hardest

Bjørn Lomborg has become one of the most high profile critics of insanely expensive and utterly pointless renewable energy policies across the globe (see our posts here and here). Bjørn’s back – and this time he adds the impact that our ludicrous Renewable Energy Target has had – and will have – on power prices and […]