to "unlock" Northern Territory and Queensland gas would create far more emissions in Australia than Adani's coal mine, making it much tougher for a Shorten government to meet the nation's Paris climate goals.
The NT's proposed Beetaloo gas fields alone have the potential to create 1240 petajoules of gas a year, according to the territory government'sAssuming the fields leak methane at 1.7 per cent of production - a baseline used by the International Energy Agency - the NT could add at least 30 million tonnes of CO2-equivalent per year, said Bill Hare, director of global research group Climate Analytics.
Mr Forcey said "the time is not far away" when the gas sector contributed more greenhouse gases in Australia than the coal industry. "There's nothing stopping the rampant development of the oil and gas industry."Credit:The Greens have signalled they would press Labor on the issue if they held the balance of power in the Senate."When your house is on fire, you don’t break open the gas main next door," Greens climate spokesman Adam Bandt said.
"The safeguards mechanism will be properly implemented to cap and bring down pollution, and Labor will work with emissions intensive trade-exposed industries to cut pollution while protecting competitiveness and jobs, including through our $300 million Strategic Industries Reserve Fund," he said. Both the 2030 goal and a 2050 net-zero emissions target for Australia could be met, he added."The Liberals have no policy to tackle climate change," Mr Butler said.
Major gas companies Santos and Woodside said they are offsetting emissions by selling liquefied natural gas to Asian consumers who would have otherwise used dirtier coal.
p_hannam LatimerCole Fmd!....there is no such thing as climate change!...It's like saying that after the year 2000...the computers would die!
p_hannam LatimerCole If it seems there are problems with Labor's new found anti-extinction zeal, then the we can deal with it after the election. Main problem is lack of some much needed analysis of how close Palmer is too pulling off a Senate control coup via preferences.
p_hannam LatimerCole If Labor is serious about not destroying the planet, then not giving free cash to the bad guys is a good start 😣
p_hannam LatimerCole . PaulNewburyALP - as a renewable energy expert, could you please stop billshortenmp from continuing to support fossil fuels? Cc: simonahac
beneltham p_hannam LatimerCole Just include the requirement to create carbon off sets and build an escalating remediation fund from day 1 of the project. Then add in a tolling cost per cubic meter, none of this taxing profits, cash up front.
p_hannam LatimerCole It won't happen the rules just changed 2019Refinement
news_australian p_hannam LatimerCole Bullshit
p_hannam LatimerCole But, they need natgas to make up wind & solar's shortcomings & they dont include the CO2 from expanding natgas against renewable's footprint so its a great ideological & PR win. So, anyone want to guess if they are motivated by actual results, or the PR?
p_hannam LatimerCole 'Experts'
p_hannam LatimerCole This is actually a good policy from Labor
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Labor backed $1.7b hospital deal with tax-haven linkLabor approved a $1.7 billion foreign takeover of Australia's largest private hospital operator by two Cayman Islands-linked companies when it was last in power | ErykBagshaw ColinJKruger ErykBagshaw ColinJKruger HOSPITAL Morrison Govt, Over the last five years, funding for hospitals has increased by 63.2 per cent. ErykBagshaw ColinJKruger Why can’t there be caveats that prevent governments and political parties from doing business with entities that trade through offshore tax havens? Doing business via tax havens doesn’t pass pub tests, why should it pass government criteria? ErykBagshaw ColinJKruger Your previous stories on Brookfield/Healthscope made no reference to Brookfield connection to Cayman Is. Only when MichaelWestBiz did story did you research back 7-8yrs on Labor. Did you know about Brookfield/CI connection when you wrote previous stories?
Source: smh - 🏆 6. / 80 Read more »
Bill Shorten’s best answer on Q&A had one syllable and two lettersBill Shorten’s best answer on QandA had one syllable and two letters, writes CUhlmann auspol CUhlmann Mail ? CUhlmann Shorten wants to bankrupt the country and all its industry, he’ll go down as the worst prime minister , put labour last if you want you kids to have a future CUhlmann Good summation Chris👍👍 Wouldn't trust either but the 'dog you know'😄 Also I'm a lib albeit a disapointed one😯
Source: smh - 🏆 6. / 80 Read more »
Trump tax returns from 1985 to 1994 show $1 billion in lossesUS President Donald Trump’s businesses lost more than $1 billion from 1985 to 1994, according to the New York Times, which said it obtained printouts from Trump’s official Internal Revenue Service tax transcripts. Art Of The Deal... HAHAHAHAHAHAHAHA! loser notmypresident crook
Source: SBSNews - 🏆 3. / 89 Read more »
$1.5m of cocaine seized from Canberra home in one of the ACT's largest drug bustsACT police find five bricks of cocaine in a raid on a home in Theodore, in one of the largest-ever drug busts in the ACT's history.
Source: abcnews - 🏆 5. / 83 Read more »
Trump businesses lost $1 billion over a decade, report saysThe New York Times reports Donald Trump's companies lost so much money between 1985 and 1994 that the now-US President avoided paying income tax for eight years. I'd quite happily chip into help find $1 billion to lose Trump. A bargain at twice the price, especially if he happened to get lost at the bottom of the sea.... So? I had a week without hearing this nobheads' name. I was wondering while I was feeling better.
Source: abcnews - 🏆 5. / 83 Read more »
$1 million found hidden in rental car fuel tankA man has been charged after police found more than $900,000 in cash allegedly hidden inside a Broken Hill rental car
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Labor to spend $1b on bullet train route from Melbourne to Brisbane via SydneyLabor has promised to spend $1 billion buying a corridor of land between Melbourne, Canberra, Sydney and Brisbane to build a future high-speed rail link. It’s definitely a necessary project, but what ever you do, please get expert advice from the Japanese! Why would you want to get a train when you can fly for a fraction of the time and cost? This is just typical labor rhetoric. Finally!!
Source: theage - 🏆 8. / 77 Read more »
How multinationals shift billions in revenue offshore and what Labor plans to do about itLabor wants to deny multinationals a tax deduction for royalties when they are paid by a firm with $1 billion or more of global turnover to a related party overseas. Just imagine if we taxed them on revenue, or even disallowed payments against off shore loans, especially loans by parent companies. outrageous Many coal &gas miners have been paying zero tax We have been defrauded of billions Norway &Qatar get more tax than us For $23bils export we only got $600k tax PEANUT A fraud How is it impossible for an average Aussie to send over 10K oversees without drawing attention and taxes yet multi nationals can send Billions and not raise an eyebrow.
Source: abcnews - 🏆 5. / 83 Read more »
Labor promises budget surplus and tax relief in policy costings announcement | Sky News AustraliaPRESS CONFERENCE: Shadow Treasurer Chris Bowen says Labor will deliver bigger budget surpluses and bigger investments in health and education, while also assuming tax relief going forward. \n\nDelivering the Labor Party’s policy costings on Friday, Mr Bowen said a Shorten-led Labor government would deliver a budget surplus 40 per cent larger than the Coalition's. \n\nHe says the forecasts take into account all of Labor’s policies, spending and revenue, and the assumption that a Shorten Labor government will deliver further tax relief when the tax to GDP ratio is 24.3 per cent. \n\nImage: News Corp Australia \n\n\n\n\n Bowenchris WT actual F ... why does this article not start with the sentence ... 30 years since labours last surplus, this sock puppet, thinks he can deliver one. I am no conspiracy theorist but come on ... the fact not one journalist has said this is gaslighting at its worst ... Bowenchris Bill Shorten Labor pledges larger surpluses if elected 2007-13 Labor Chris Bowen claiming credit for a surplus that was never delivered. In fact in that year he delivered $54.5 billion deficit. Bowenchris Why don’t they take the money from their Future Fund of which tax payers money creates, instead of taking from out Super Funds. What a pack of thieves.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Labor election plan risks the rise of 'zombie' taxesJust as the Coalition struggled with 'zombie savings' that it proposed but could not legislate over the past six years, a Shorten government risks having 'zombie taxes' on its books. CroweDM Similar to the zombie journalism we find since the SMH was swallowed by the Ch.9 entertainment enterprise. CroweDM Is Murdoch your daddy that he says to you what to write?have you got evidence of that have you done your sums well? CroweDM We should be taxing zombies. They add nothing to society, they add massively to our hospital waiting lists and they smell. like really really badly.
Source: smh - 🏆 6. / 80 Read more »
Campaign turns 'fishy' as Labor releases its federal election costingsFrom real fish to metaphors, day 29 of the federal election campaign takes an aquatic turn. Fishy? Labor managed finances through ideals rather than economic reality Scott is the realistic father Bill is the naive know it all student Biased
Source: abcnews - 🏆 5. / 83 Read more »