David_Speers Birmo Shorten allows China & India to power ahead with our coal & get $BNs in royalties but will not let Aust to use its own coal. Inconsistent thinking
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Govt investigates reports China has banned Australian coal imports | Sky News AustraliaThe government is working to confirm reports that China has banned Australian coal imports after the key northern port of Dalian allegedly blocked a shipment from clearing customs.\n\nThe Department of Foreign Affairs and Trade says they are working overtime to clarify the situation, with the Australian dollar falling more than 1 per cent on Thursday on the back of the news.\n\nTrade Minister Simon Birmingham has dismissed concerns the potential ban is in relation to recent bilateral tensions. dfat auspol Where's Morrison stock market opens what will happen ? dfat Because China is ditching dirty coal with solar panels and wind farms all over the China.Chines government in full swinging power is replacing dirty coal with renewable energy. They are thinking about future of they people not like our government who is looking after multinasiona
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Coal ban 'not a sign' of tension between Australia and China: Cormann | Sky News AustraliaFULL INTERVIEW: Finance Minister Mathias Cormann says China's decision to ban Australian thermal coal exports from entering five ports is not a sign of diplomatic tension between the two nations.\n\nThe Australian reports coal has been blocked coal from entering the northern port of Dalian and four others nearby.\n\nMr Cormann has dismissed claims the block could be in retaliation to the ban on technology company Huawei, suggesting that China was responsible for a recent cyber attack on parliament house.\n\nThe Finance Minister has told Sky News the block is 'likely' caused by a domestic issue and says he believes coal exports to China will rebound. Maybe don’t say “Chinaman” and don’t blame China for every conspiracy in Australia. Funny how this comes aftet the announcement of regulations on foreign ownership of farms... dont you watch the news? There is no one in the corridors of power. Did you forget they are there for 10 days this year. Time the bludgers had to be there 140-160 days like the poms and Canadians.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Coal confusion: China denies any Australian coal 'ban'The Morrison government will examine whether China’s restrictions on Australian coal exports through key northern ports are in breach of trade rules, even though China has categorically denied that coal imports have been banned Why did the Morrison/Turnbill/Abbott LNP government handcuff our economy to a dying industry? . The Chinese hardly know what's going on in their own economy anymore, it's so opaque. 😂
Source: smh - 🏆 6. / 80 Read more »
Coal confusion: China denies any Australian coal 'ban'The Australian government is searching for answers, but believe it has nothing to do with recent political tension over hacking and the 5G network. Fucking ban the shit China and tell the coal loving LiberalAus Let me have an uneducated guess, China not sure about Labor or their Green mates for a continuity of supply if Labor win government. Bill comes out and makes all the right noises, China is now appeased ! Who needs them ... sell it India they have just as many people there.auspol
Source: theage - 🏆 8. / 77 Read more »
China ban on Australian coal concerning as 'housing sector comes off the boil': Switzer | Sky News AustraliaFULL INTERVIEW: Your Money host Peter Switzer says the claims that five ports in China have banned Australian coal imports is a concern for the national economy, particularly as the 'housing sector is coming off the boil.'\n\nThe government is urgently trying to clarify the nature of an import ban on Australian coal in Chinese ports after the key northern port of Dalian allegedly blocked a shipment from clearing customs.\n\nMr Switzer says coal could 'be the tip of the iceberg', warning the move could be a response to Australia 'picking on their high tech company' Huawei.\n\nCEO of BHP Andrew Mackenzie and Trade Minister Simon Birmingham have both dismissed concerns that the ban is in relation to recent bilateral tensions.\n\n YourMoneyAus peterswitzer The solution is to not be depending on coal or coal exports. Pretty easy, right mattjcan ?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia, China deny ban on coal imports amid tensionsChinese foreign ministry spokesman Geng Shuang says reports of a ban on Australian coal in Dalian are 'false'.
Source: SBSNews - 🏆 3. / 89 Read more »
Glencore is 'hardly walking away' from coal | Sky News AustraliaResources Minister Matt Canavan remains unfazed by mining giant Glencore's announcement to cap its global coal output at current levels, telling Sky News that Australia's largest coal miner is 'hardly walking away' from the sector .\n\nThe Swiss-based company made the move to address the climate change concerns of investors who control around $45 trillion worth of assets worldwide.\n\nSpeaking to Sky News' David Speers, Mr Canavan pointed out that Glencore has made 'massive investments in coal in the past 12 months'. \n\nGlencore acquired 49 per cent of Rio Tinto’s thermal coal assets in the Hunter Valley for $1.59 billion in 2017.\n\n\n\n Glencore told investors that it recognised the increasing risks associated with climate change. 'To deliver a strong investment case to our shareholders, we must invest in assets that will be resilient to regulatory, physical and operational risks related to climate change,' Actually they did it for solely political reasons - virtue signalling and to push up coal price speculation that would benefit shareholders. Nobility is not a Swiss trait. climatehoax
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Govt can’t fund coal fired power plants without parliamentary approval | Sky News AustraliaThe federal government cannot fund new coal-fired power plants without parliamentary approach, according to new legal advice. \n\nThe Australia Institute obtained the advice that indicates the plan to underwrite new forms of power including coal, could not be enacted unless there is supporting legislation. \n\nAmendments put forward by the Greens that prevented public money being used to underwrite coal forced the Coalition to pull its 'big stick' energy legislation last week. \n\nThe Coalition's 'big stick' divestiture policy is designed to crack down on energy providers convicted of misusing their market power and, in extreme cases, force the removal of assets in order to drive prices down.\n\n\n keep spitting on coal power bloody idiots. I will backfire on all of you. Australia is nothing without coal power Take it to court and see for sure if the imbeciles know what they are talking about... You may be surprised..
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Marles' comments on thermal coal embarrassing: Liberal Senator | Sky News AustraliaLiberal Senator James Paterson says Richard Marles’ statement lauding the possible collapse of thermal coal ‘is embarrassing.’\n\nMr Marles told Sky News that it’s ‘wonderful’ and ‘a good thing’ that the price for the commodity has collapsed on the world market.\n\nAccording to the Australian Bureau of Statistics, Australia earned 25.8 billion dollars from thermal coal in 2018.\n\nSenator Paterson says Australians who work in the coal industry will be ‘profoundly disturbed’ by Mr Marles’ comments.\n\n\n mattjcan I know who I trust and its not the lnp. Penalty rates the ABCC no friend of the worker mattjcan So now complaining about labor not agreeing with a union mattjcan Ol' Cleetus canavan puts his foot in it YET AGAIN
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Collapse of thermal coal market a 'good thing': Marles | Sky News AustraliaLabor frontbencher Richard Marles says the collapse of thermal coal is a 'wonderful' and 'good thing', as he backs Bill Shorten's stance that no public money should be spent on the Adani mine.\n\nMr Marles told Sky News that the global market for the commodity had 'collapsed' which indicates the world was shifting to renewable alternatives.\n\nThe comments come as the CFMEU laucnhed a campaign calling for Queensland federal Labor MPs to endorse the Adani coal mine , despite concerns the project could cause the Black-throated finch to become extinct.\n\n\n AustralianLabor RichardMarlesMP billshortenmp He’s right AustralianLabor RichardMarlesMP billshortenmp It's inevitable. Australia should have been miles ahead selling technology and innovating in renewables. But as usual, the IPAleeches of LNP economic mismanagement have wasted long term opportunities for short term self interest PrisonForRorters ICAC auspol AustralianLabor RichardMarlesMP billshortenmp And so says pretty much everyone in the world except the LNP!
Source: SkyNewsAust - 🏆 7. / 78 Read more »