Adani Coal Airport
The next biggest risk is the Federal LNP's pet theory 'TRICKLE DOWN' You know where you give companies tax breaks and they expand and put on more workers. Well the NAB made a record $6.6 Billion cash profit and at the same time flagged sacking 6,000 employees. (Over 4 times the number Adani might average.) What will they do with all that cash?
It could be argued that less profit would have meant an even larger number of employees to be sacked.
The reality is, big old banks like NAB have many positions that were relevant back in the day but no longer are in the lean running virtual world we live in today.
Bank branches see less than 10% of the foot traffic than what they did 25 years ago. You can't expect a bank to run like a charity and not go through structural changes in a rapidly changing world.
Do you think the post office should still employ Morse code telegraph operators because we can't possibly consider redundancies as a realistic option in times of change?
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Mikewil with the exception of the first line I agree with you . If they had made less profit they may have not been able to afford as many new computer systems now replacing humans. I know it would only be a delay.
What do you suggest government should do about all these job losses?
One thing I know is they should not give false hope by pedaling discredited bull**** like TRICKLE DOWN. Companies hire and fire workers as required. Especially in the case of miners profits go to shareholders and 80% goes offshore doing little to help the unemployed.
What do you suggest government should do about all these job losses?
One thing I know is they should not give false hope by pedaling discredited bull**** like TRICKLE DOWN. Companies hire and fire workers as required. Especially in the case of miners profits go to shareholders and 80% goes offshore doing little to help the unemployed.
Quote:
Originally Posted by 601
Loan - has to be paid back.
And what happens if it isn't? Nothing?
The FIFO airport will of course also be paid for with a separate tranche of tax/ratepayer money.
Originally Posted by 601
Loan - has to be paid back.
And what happens if it isn't? Nothing?
The FIFO airport will of course also be paid for with a separate tranche of tax/ratepayer money.
Carmichael Rail Pty Ltd,
Carmichael Rail Holdings Pty Ltd,
Carmichael Rail Network Pty Ltd,
Carmichael Rail Network Holdings Pty Ltd,
Carmichael Rail Network Holdings Trust, or
Carmichael Rail Network Trust.
These six are owned in turn by Carmichael Rail Singapore Pty Ltd, which is itself owned by Carmichael Rail And Port Singapore Holdings Pty Ltd.
Carmichael Rail and Port Singapore Holdings is then owned by Atulya Resources Limited, in the Cayman Islands. Atulya Resources itself is further owned by the Atulya Resources Family Trust, based in the British Virgin Islands. Does this sound like a reputable, transparently organised company structure? What will happen is when the loan is due to be paid back, after a few years of claiming the appropriate tax deductions for interest and charges along the way, one of these entities will be left with the debt and declare bankruptcy, severing ties to associated trusts and entities and leaving unrecoverable debts, without a way to trace the beneficiaries and money trail that we can already see is being routed through tax havens and opaque corporate structures.
what will happen is when the loan is due to be paid back, after a few years of claiming the appropriate tax deductions for interest and charges along the way, one of these entities will be left with the debt and declare bankruptcy,
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The state will end up with a new rail line.
Where do Malcolm and the LNP get their ideas? The ABC's UTOPIA?
The state will end up with a new rail line.
The fact that the local government in Townsville and Rockhampton have been hoodwinked into throwing another $30 million dollars of their ratepayers money away for an airport adds insult to injury, but it's pretty clear you don't find the great minds of the 21st Century working in local government in Far North Queensland. At least the funding to build the airport will create some (mainly temporary) jobs, although the people who talk about these jobs seem to neglect the fact that the funding to build the airport was raised by making local government employees redundant, so the whole thing is a bit circular, except for the part where taxpayer dollars go towards building infrastructure to primarily benefit private companies.
If you want to spend a billion dollars on pork-barreling, spend it on fireworks and fighter jets and let the taxpayers get a show for their money.
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Originally Posted by Malcolm Roberts
Did you see the pictures of the totally destroyed solar farms in Jamaica??
With all these coal fired power stations being built in India and China, did you ever notice the number that both countries have removed from the build list? Did you read about the $43Billion that China is investing in renewables and the 12,000,000 jobs that this is going to create. Meanwhile Australia is stuck in the Coal Age trying to spend $1Billion on around 1,000 jobs. Hell, the towns near the mines do not want the damn thing. Meanwhile the forward thinking govt is removing subsidies for renewable projects.
With the great respect Adani have for environmental regulations
, there is only the risk of 65,000 tourism jobs if the Great Barrier Reef gets wrecked by your "life giving" coal.FACT Malcolm, for every $1 invested in research, it returns $5 to the economy. Not to shabby when stacked up against $1Billion for a couple hundred kms of parallel lengths of iron that I bet will not be purchased in Australia.
Good luck with inventing your coal powered aero engines. I bet they turn out to be good for humanity.
Thread Starter
Oh man I am so relieved you told us about that. It just warms my heart to know that cyclones, typhoons and hurricanes do not cause any damage to coal fired power stations or their electrical transmission infrastructure.
With all these coal fired power stations being built in India and China, did you ever notice the number that both countries have removed from the build list? Did you read about the $43Billion that China is investing in renewables and the 12,000,000 jobs that this is going to create. Meanwhile Australia is stuck in the Coal Age trying to spend $1Billion on around 1,000 jobs. Hell, the towns near the mines do not want the damn thing. Meanwhile the forward thinking govt is removing subsidies for renewable projects.
With the great respect Adani have for environmental regulations , there is only the risk of 65,000 tourism jobs if the Great Barrier Reef gets wrecked by your "life giving" coal.
FACT Malcolm, for every $1 invested in research, it returns $5 to the economy. Not to shabby when stacked up against $1Billion for a couple hundred kms of parallel lengths of iron that I bet will not be purchased in Australia.
Good luck with inventing your coal powered aero engines. I bet they turn out to be good for humanity.
With all these coal fired power stations being built in India and China, did you ever notice the number that both countries have removed from the build list? Did you read about the $43Billion that China is investing in renewables and the 12,000,000 jobs that this is going to create. Meanwhile Australia is stuck in the Coal Age trying to spend $1Billion on around 1,000 jobs. Hell, the towns near the mines do not want the damn thing. Meanwhile the forward thinking govt is removing subsidies for renewable projects.
With the great respect Adani have for environmental regulations
, there is only the risk of 65,000 tourism jobs if the Great Barrier Reef gets wrecked by your "life giving" coal.FACT Malcolm, for every $1 invested in research, it returns $5 to the economy. Not to shabby when stacked up against $1Billion for a couple hundred kms of parallel lengths of iron that I bet will not be purchased in Australia.
Good luck with inventing your coal powered aero engines. I bet they turn out to be good for humanity.
And of note - most of the worlds current so-called electric cars are actually coal powered.
The shear stupidity of a country like Oz having massive amounts of coal and no coal to petrol/diesel conversion plants. Australia could be totally fuel self sufficient. Instead we import solar and wind power units mainly from China..
.
Thread Starter
What happens when the loan has to be paid back? The NAIF loan appears to be being made to one of the four separate companies or two separate trusts set up to build the line, these being one of
Carmichael Rail Pty Ltd,
Carmichael Rail Holdings Pty Ltd,
Carmichael Rail Network Pty Ltd,
Carmichael Rail Network Holdings Pty Ltd,
Carmichael Rail Network Holdings Trust, or
Carmichael Rail Network Trust.
These six are owned in turn by Carmichael Rail Singapore Pty Ltd, which is itself owned by Carmichael Rail And Port Singapore Holdings Pty Ltd.
Carmichael Rail and Port Singapore Holdings is then owned by Atulya Resources Limited, in the Cayman Islands. Atulya Resources itself is further owned by the Atulya Resources Family Trust, based in the British Virgin Islands. Does this sound like a reputable, transparently organised company structure? What will happen is when the loan is due to be paid back, after a few years of claiming the appropriate tax deductions for interest and charges along the way, one of these entities will be left with the debt and declare bankruptcy, severing ties to associated trusts and entities and leaving unrecoverable debts, without a way to trace the beneficiaries and money trail that we can already see is being routed through tax havens and opaque corporate structures.
Carmichael Rail Pty Ltd,
Carmichael Rail Holdings Pty Ltd,
Carmichael Rail Network Pty Ltd,
Carmichael Rail Network Holdings Pty Ltd,
Carmichael Rail Network Holdings Trust, or
Carmichael Rail Network Trust.
These six are owned in turn by Carmichael Rail Singapore Pty Ltd, which is itself owned by Carmichael Rail And Port Singapore Holdings Pty Ltd.
Carmichael Rail and Port Singapore Holdings is then owned by Atulya Resources Limited, in the Cayman Islands. Atulya Resources itself is further owned by the Atulya Resources Family Trust, based in the British Virgin Islands. Does this sound like a reputable, transparently organised company structure? What will happen is when the loan is due to be paid back, after a few years of claiming the appropriate tax deductions for interest and charges along the way, one of these entities will be left with the debt and declare bankruptcy, severing ties to associated trusts and entities and leaving unrecoverable debts, without a way to trace the beneficiaries and money trail that we can already see is being routed through tax havens and opaque corporate structures.
De_flieger, yer posts a furphy..
As I've posted before it don't matter what happens with Adani + Co. Unless they have some way of towing the airport/port facility's away they are still useable for the coal fields they serve..
.
A flight over YBEE, around 18 months ago, confirmed that we were rather unwelcome there. Beverley Camp called us on CTAF to ask as to our unannounced intents. Just as we circled far above circuit height on a scenic flight.
No doubt the S.A. taxpayers will have put quite a few dollars into that RWY..
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Suggest yer do some searchs of the wind generator company's.
Thread Starter
CTL plants all round the world - Proven technology...
"...Indirect coal-to-liquids (ICTL) technology...
...ICTL in China is experiencing a period of fast-paced development, which has made China a global leader in the field of ICTL technologies and their applications..."
The Momentum of Chinese-Developed Indirect Coal-to-Liquids Technologies | CORNERSTONE MAG
.
"...Indirect coal-to-liquids (ICTL) technology...
...ICTL in China is experiencing a period of fast-paced development, which has made China a global leader in the field of ICTL technologies and their applications..."
The Momentum of Chinese-Developed Indirect Coal-to-Liquids Technologies | CORNERSTONE MAG
.
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Binghi, Binghi , Binghi you say:-
You're not thinking straight.
Even if you made the cleanest CTL plant in the world and captured all the CO2 produced during the manufacturing process you still end up with Diesel (or gasoline)
How do you get round the fact that when you burn 1 ton of Diesel you create 3.1 or more tons of CO2.
Why would you bother when free clean energy is there for the taking if we're smart enough.
Read this one again. All of it. https://nikolamotor.com/one
Power with Hydrogen . Store it in Ammonia. Emissions water and nitrogen returned harmlessly to the atmosphere.
CTL plants all round the world - Proven technology...
Even if you made the cleanest CTL plant in the world and captured all the CO2 produced during the manufacturing process you still end up with Diesel (or gasoline) How do you get round the fact that when you burn 1 ton of Diesel you create 3.1 or more tons of CO2.
Why would you bother when free clean energy is there for the taking if we're smart enough.
Read this one again. All of it. https://nikolamotor.com/one
Power with Hydrogen . Store it in Ammonia. Emissions water and nitrogen returned harmlessly to the atmosphere.
Thread Starter
Sunfish, the global warming hysteria has been well identified and thoroughly discredited and yet we still allow it to affect the nations economic well being with the attempts to close down coal business.
.
The shear stupidity of a country like Oz having massive amounts of coal and no coal to petrol/diesel conversion plants. Australia could be totally fuel self sufficient. Instead we import solar and wind power units mainly from China..
I think we all understand that we have lots of gas. In the late 60s/early 70s, LPG powered cars were proliferating to the degree that various forecasts of when the majority of autos in Australia would be powered by local LPG, rather than imported petroleum were confidently made.
Then a Labor government slapped a substantial excise on LPG, to "maintain the revenue".
Result, gas conversions and sales of cars that were LPG only off the assembly line died in the proverbial posterior.
The price differential (signal) between gas and LPG became so small that only vehicles like taxis could make economic sense of using LPG.
More smart planning from Canberra.
Australia is in the position of only having stored supplies of petrol and diesel fuels measured in weeks, we will grind to a halt rather rapidly in the event of major disruptions, like ISIS disabling a major refinery in Singapore, or Iran closing off the Arabian/Persian Gulf.
Biggles, I have spent quite some time in China in recent years, have you??
The net generating capacity from coal is planned to very substantially increase, as is nuclear and renewables, but the absolute necessity for reliable "dispatchable" power to industry is well understood --- in China, and none of the information is secret.
Tootle pip!!
PS: Hydrogen as the primary fuel for cars should get much more attention, the advantages are fairly obvious, the downsides very limited, it is a matter of getting the economics right -- not the engineering. This goes, as far as I am concerned, whether you are a devoted follower of the Great Global Warning God, a luke warm warmista, all the way the spectrum to being a fan of the next ice age cometh.
Last edited by LeadSled; 10th Nov 2017 at 23:51.
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PS: Hydrogen as the primary fuel for cars should get much more attention, the advantages are fairly obvious, the downsides very limited, it is a matter of getting the economics right -- not the engineering. This goes, as far as I am concerned, whether you are a devoted follower of the Great Global Warning God, a luke warm warmista, all the way the spectrum to being a fan of the next ice age cometh.
Recent developments in the cost and efficiency of fuel cell units could turn the tide away from battery tech. CSIRO research into membrane reactor technology revealed in May has the potential to transform liquid ammonia (something Australia has in great supply) into high-purity hydrogen for use in electric vehicles.
Dr Larry Marshall, chief executive of the CSIRO, described the development as "a watershed moment for energy".
Brett Cooper, chair of renewable hydrogen for the scientific body, says it could make Australia a major player in the regional energy market.
"With this technology, we can now deliver our renewable energy to Japan, Korea and across the Asia-Pacific region in liquid form, as renewable ammonia, and efficiently convert it back to pure hydrogen for cars, buses, power generation and industrial processes," he said.
"This market didn't exist 10 years ago – now Australia is positioned to be the number one renewable fuel provider in the world's fastest growing region."
Hyundai and Toyota, which both run fuel cell demonstration vehicles in Australia, support the CSIRO's program.
Last edited by rutan around; 11th Nov 2017 at 00:58. Reason: spelling