Video memories – in mid 2009 Prime Minster Rudd announces $400million for carbon capture and storage

Thanks to Michael Smith – Hear Kev747 talking 150 days before ClimateGate and Copenhagen – I just wonder how these mega $millions of our hard earned cash were spent – fascinating. Kev’s GCSI seems to live on at least on the www – quote – The Institute was established in 2009 with initial funding from the Australian Government to accelerate the development of CCS globally.
In 2012 the SMH had this to say – Coal hard light of day for dud scheme
some good leads to follow there. I wonder if readers can dig out links to what Kev’s broadcasting of our hard earned dollars achieved. This site has touched on the CCS story over the years.

Swedish research says Russia has been gaming the carbon credits system

Why would we be surprised that Russia duds the sucker West? Vlad would expect his minions to do exactly this sort of thing to the hated West. Classic. – the Stockholm Environment Institute has published – Perverse effects of carbon markets on HFC-23 and SF6 abatement projects in Russia.

This Figure is from Nature.
Andrew Bolt has comments on the issue with his first link being to a BBC article quoting wider abuses than thoses fingered in the SEI paper.

Abbott Govt faces multiple challenges and the boss is away in the Torres Strait

Under constantly evolving attacks – from a clever mostly taxpayer funded GreenLeft coalition – that they show few signs of understanding – unable to recognize and deal with enemies – always putting out a fractured message. The great progress made at the Trade Union Royal Commission seldom publicised. Earlier this month I wrote – Lame-duck incompetent Australian Commonwealth Government – Michael Smith has three good articles today – ACTU deploys $30M multi-tiered campaign to oust the Abbott Government – first target, Canning WA – and – The Australian on Fairfax/Labor’s attempt to smear Andrew Hastie and the SASR – also – Martin Ferguson – Bill Shorten’s caucus “waits on the phone call from their union heavy to tell them what to do”. Last October I posted – Australian Commonwealth Government has lost their way – lost the plot – various articles critical of the Feds. Australians deserve better.

Detailed Green plans to stop Australian coal exports

A must read 17 page pdf download only 3.6MB – Stopping the Australian Coal Export Boom – Nov 2011 – sets out exactly how the Greens organise and the $6million they wanted to raise. Makes much more sense of many news reports over the years. When will our Govts cease funding EDO’s and any other NGO’s & green orgs like WWF working against our national interest? Federal Court overturns approval of Adani Carmichael coal mine in Queensland

Great opportunity to save some money – Australia should take UN advice and not attend Paris climate talks

Gotta love this – UN climate expert warns Australia’s emissions target should not be final offer – Australia should not attend global talks in Paris refusing to budge on its greenhouse gas emission pledge, the UN’s scientific body on climate change has said, ahead of expected international pressure on the Abbott government to do better.
Easy – stay home – the multitude of people on the public purse could work at something constructive for Australia instead.

Twin Chinese devaluations – we live in interesting times

CNY vs USD and AUD vs USD – What are the likely effects of this? Bloomberg has a lot of articles here.
Chinese exports will be cheaper –
But China still has to buy raw materials mostly priced in US$.
Is there a move already I wonder for China to pay for its imports in other currencies or barter?
Will not help China build their oil stockpile. WTI crude price (bottom right at Kitco) has been little affected at around $43.xx over the days of the Yuan moves. With Iran poised to enter the oil market more openly – IMHO that has to be bearish for oil.
Coal imports will be more expensive.
Can we assume the PBOC will fiddle more with the exchange rate to achieve their aims – IMHO that is the signal.
Will not help the US “recovery”.
Could it be the start of competitive devaluations?
I see gold had a positive night in the face of gold becoming more expensive in Yuan.