They say self funding is basically impossible, because Adani Enterprises Ltd (AEL) does not have the capacity to fund it. Adani Mining is already carrying $1.8 billion of debt in Australia. The project would require the coal market to stay robust for decades. Tim Buckley:
“In IEEFA’s view, Adani’s Carmichael thermal coal proposal is unviable and unbankable on any normal commercial evaluation, absent massive government subsidy support in both India and Australia,” says Buckley.
“Adani’s suggestion it will self-fund this proposal is a clear acknowledgement of this.”
Nature worked out how to extract water from desert air with the evolution of the Namibian fog beetle (above). The image is from my files, so I’ve posted about it before, I reckon about 10 years ago. I googled and found this article: Continue reading Water from thin air→
Typically the media describe Labor’s loss as a drubbing, which it wasn’t. Leaving Qld aside, Labor won 62 of 121 seats, the LNP 54, and the crossbench 5. Qld was the shocker, losing 4.34% TPP to land on 58-42 to the LNP, which is nearly wipe-out territory.
ABC’s 7.30 Report on Monday looked at Centrelink still operating it’s robo debt scam, where taxation records are matched with Centrelink payments. The program starts with an example where a citizen in Hobart received a demand from a debt collector for $7,000 to be paid immediately. Her wages would be garnisheed if she didn’t pay, they said.
The process then is that the victim has to prove her innocence by showing pay slips etc, bank records etc. In this case more than 7 years had passed, so the bank no longer kept records. Continue reading Weekly salon 1/8→
Where I ended up after a series of happenings as described below, is concluding that we need a paradigm shift in our climate change aspirations. Instead of trying to limit warming to a point where we can avoid dangerous climate change, we need to recognize that we’ve already gone too far, that the climate is already dangerous, so we should aim to ratchet down GHG concentrations in the atmosphere to attain a safe climate.
1. Germans look to 7.4 trillion tons of fake snow to save the West Antarctic Ice Sheet
Earth Overshoot Day occurred on Monday 29 July this year. It is the calculated illustrative calendar date on which humanity’s resource consumption for the year exceeds Earth’s capacity to regenerate those resources that year.
We went to a local church to ring the church bell in alarm and sorrow that this day had occurred so early this year.
The ringing of the bell made me wonder how long it will take before there is no sickness or sorrow because there is no-one left to be sick or sorrowful.
The ringing made me wonder how long it will take before there is no joy because there is no-one left who can feel joy.
In my darkest moment I wondered whether the last human to die has already been born.
It makes no sense whatsoever for the prime minister to appoint Ken Wyatt as the first Indigenous minister for Indigenous Australians, give him his head on a bipartisan approach to a referendum in a major speech at the National Press Club, then, within 48 hours, veto the one position about which those who devised the Uluru Statement from the Heart feel most strongly about – namely, a constitutionally enshrined Indigenous voice to parliament.