A bit of show for the One Planet Summit and nosh up in Paris called by Macron. The vast majority of global oilex funds would be from the oil majors. The sum involved said to be about a $Bn would be chickenfeed compared to the drop in oil exploration post the 2014 oil price crash. I read where global rig numbers have halved. All that said it does add to the ever present GreenLeft lawfare and idiot Govt actions against the use of fossil fuels.
I really am dismayed at the fact that banks are trashing coal – as are BHP and Rio.
These institutions should be above being sucked in by the CO2 hoax.
The CO2 horsesh*t has to stop.
The economic/political tools of Bretton Woods were created to foster $US Hegemony.
It would appear that the Technocacratic Trilateral Commission is re- jigging them as a Third World/LDC eugenics weapon.
Bretton Woods was July 1944 – the Allies had not yet broken out of Normandy. One of the organizers was US Treasury official Harry Dexter White communist spy who passed on many secrets to Stalin(along with dozens of other communist spies). Fair enough to sit down for a chat and look forward to post-war reconstruction. Remember too Stalin would have wanted the flood of US goodies under Lend-Lease to continue or be ramped up post war. The Allies were fortunate I guess that Good Ole “Uncle Joe” overplayed his hand re Berlin precipitating the Airlift, Iron Curtain and slide into the Cold War which eventually defeated the murderous and monstrously inefficient USSR.
Don’t get me started on the betrayal of the West.
www.warwickhughes.com/blog/?s=betrayal
Well I was thinking peak oil would not happen. Now am sure.
The World Bank have been pushing unreliable renewable energy for years now, and got out of coal completely in 2013.
Sure their funding for oil was chicken feed anyway, but pouring their money into unreliable, high-maintenance renewables will add to developing countries’ problems, not fix them.
Recent article on this by Rupert Darwall here: www.thegwpf.org/content/uploads/2017/10/Darwall-WB-1.pdf
His conclusion: “The World Bank’s capitulation to green ideology was formalised when it entered into the unique partnership with the UN to double renewables’ share in the global energy mix by 2030. The World Bank needs to go back to what it was set up to do. That means taking the lowest-cost path to cheap, reliable power.”
I’ve been asked by a number of people: “How did we [Aus] get into this mess ?”
Obviously there are a number of contributing facets to this but the most significant is demography. Over 80% of the population lives in clustered large cities, completely separated from the processes of supplying food and energy, and so easily appealed to with romantic notions of greenery (greatly enhanced by cynical, city-centric MSM operatives). These cities also overwhelmingly contain the most votes.
The relentless and deliberate dumbing-down of STEM in schools combined with the inexorable growth of toxic basket-weaving University degrees has reduced critical thinking characteristics to a nub. Those that can are routinely shouted down.
Finally, as the continuing SA debacle explicitly shows, Aus has no history of revolt, revolution. We simply do not know how. Finis.
BP, Esso, Shell and Total (French) cashed in their coal exploits (in Aus, Indonesia, Venezula, Africa etc)That is why they do not like coal. They also do not like Nuclear except for UAE, Iran and Saudi Arabia investing heavily before their oil runs out. However, the Russians are doing lots of exploration and opening up new fields of oil and gas in areas that are too deep to be fossil fuels. The Russian gas in the arctic areas is renewable. USA will go soon to exploit similar deposits in Alaska despite green objections.
so accurate from cementafriend:
> “BP, Esso, Shell and Total (French) cashed in their coal exploits (in Aus, Indonesia, Venezula, Africa etc) …”
BP in Aus coal, BP especially although Shell to a lesser degree, made a total hash of it. They hired experienced geologists and then ignored their advice and subsequently sacked them for it – deals with State politicians were preferred. This meant they paid enormous amounts of money for 3rd rate deposits which proved impossibly expensive to develop and yielded such mediocre product that it had to be dumped on the market to avoid spontaneous combustion in ever-expanding stockpiles.
A wonderful period in Aus history 🙂
If you google – adani nail in coffin – Adani can sure save money on coffin nails. BTW I can not see they have to have Downer onboard and they could kick the mine off way under 60 mill tpa.
Adani parts ways with mining services company Downer over … – ABC
www.abc.net.au/news/2017-12-18/adani-parts-way-mining-services…/9267778
1 hour ago – Galilee Blockade spokesman Ben Pennings hailed Downer’s departure as “the biggest nail in the coffin for the Carmichael mine thus far”. He said it was a testament to “all the Australians who bought Downer shares, protested, blockaded and even got arrested to get Downer out of bed with Adani”. “Adani …
Peter Nemere on Twitter: “Looks like another nail in the #adani mines …
twitter.com/i/web/status/934315276417490946
Nov 24, 2017 – Cancel Cancel your follow request to @PeterNemere. More. Copy link to Tweet; Embed Tweet. Looks like another nail in the #adani mines coffin. India is installing solar faster than they could ever build #coal power. 20GW of solar is about 7 coal plants worth and they’re going for 200GW by 2022.
Australian Bank Indicates It Will Not Refinance Adani – Institute for …
ieefa.org/australian-bank-indicates-will-not-refinance-adani/
Oct 12, 2017 – A recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) revealed Adani needed to refinance more than $2bn worth of loans for its Abbot Point coal … Following the hearing, Bandt said: “Westpac’s position on infrastructure finance is another nail in the coffin of the Adani mine.”.
Literally no one wants to take on the risk of funding Adani’s dangerous …
www.aycc.org.au/literally_no_one_wants_to_take_on_the_risk_of_funding_adani_s_…
Jul 12, 2017 – The Palaszczuk government has stated today that funding Adani with public money through the Northern Australia Infrastructure Facility is a matter for the Federal government and Adani, hammering yet another nail in Adani’s coffin. “Literally no one wants to take on the risk of funding this mine, because …
The $16 Billion Adani Megamine Has Been Approved In Queensland
www.buzzfeed.com/aliceworkman/adani-approved
Jun 5, 2017 – … into doubt by Adani’s own expert, who testified in court that the project will likely create only 1464 jobs. Scientists and environmental activists have campaigned hard against the mine, saying the emissions from the coal it produces – around 60 million tonnes a year – will be the final nail in the coffin for the …
Queensland’s NAIF announcement a nail in the coffin for Adani’s …
www.greenpeace.org › Home › Media Centre › Media Releases › Climate
May 26, 2017 – Saturday May 27, 2017: Today’s announcement by the Queensland government rules out any money from the Northern Australia Infrastructure Facility (NAIF), as currently legislated, being used in the proposed Adani Carmichael mega-mine.
How a 3 year campaign moved Australia’s second … – Stop Adani
www.stopadani.com/how_a_3_year_campaign_moved_westpac
May 4, 2017 – All of the pressure has worked, and on Friday Westpac announced their updated climate policy, which not only rules out involvement in Adani but sets a pathway to transition out of thermal coal and into more renewable energy. What we love most about this win (apart from putting one more nail in the coffin …
Environment movement gears up for Adani fight | Red Flag
redflag.org.au/node/5786
Apr 28, 2017 – Among other things, construction of the mine would likely put the final nail in the coffin of the Great Barrier Reef. The reef is under severe stress due to warming ocean temperatures and increasing acidification. Over the past two years, vast swathes of it have been killed by coral bleaching. Scientists predict …
Australia – No public money for Adani mine another blow for the …
350.org.au/…/no-public-money-for-adani-mine-another-blow-for-the-project-…
Jun 3, 2016 – Prime Minister Malcolm Turnbull today ruled out providing public money for Adani’s controversial Carmichael coal mine. Today’s decision follows a similar commitment by the QLD Government, and leaves Adani without any Australian finance. “This must finally be the nail in the coffin for the Adani …
Final Nail in the Coffin for Carmichael Coal Mine? | Construction Hunter
www.constructionhunter.com.au/…/final-nail-in-the-coffin-for-carmichael-coal-mine/
Aug 6, 2015 – UPDATE: On the fifth of August (2015), the Federal Court overturned the approval given to Adani by the Environmental Minister, Greg Hunt; this act potentially being the final nail in this project’s coffin, though Adani has expressed its belief the project will continue sometime in the future.
Expect John Holland now owned by CCCI (China Com Const. Co. Int) to takeover Downers position. John Holland always bowed to the unions and labor particularly with left leaning Janet Holmes a Court at the helm. There will be lots of Indian and Chinese engineers installing Indian and Chinese equipment.
Ianl8888, Shell made a mess of Invincible and German Creek mines under the stupid globalist Ian Dunlop. Hopeless management giving in to unions making a loss until the HO in London said enough and pulled the plug. Dunlop now pushes AGW alarmism
So Qld coal royalties are refusing to melt away. Up 15% in six months if my maths is right.
Queensland budget: Coal royalties help boost short term surplus but no major debt reduction 18Dec17
www.abc.net.au/news/2017-12-18/queensland-budget-mid-year-review/9269576?WT.ac=statenews_qld
And when I check thermal coal price @ Indexmundi I see their Australian thermal coal Monthly Price has been in the mid US$90’s per tonne after a huge increase in the second half of 2016.
www.indexmundi.com/commodities/?commodity=coal-australian&months=60
None of this reeks of “nails in the coffin” stuff to me even though Adani has a freight issue to get their coal to the railway.