Views: 261
Carbon price of coal shunts winter gas price higher
The highest prices for carbon credits in a decade have also lifted natural gas, discouraging power stations from making the switch away from coal. As a result, demand remains strong for the dirtiest fossil fuel in the continent that’s doing the most to clean up its economy. Coal prices as a result reached their highest in five years on Tuesday.
You might think the ETS impost on coal’s CO2 emissions, about twice those from natural gas, would give gas an edge, but you’d be wrong—rising prices for carbon credits have pushed up the gas prices too. The graph at right shows an eye-watering surge in the carbon price of about 400% over the last 11 months (although I guess 400% of nothing is still pretty small; so it could get worse). This financial punishment for the poor is a clear consequence of market interference by the climate justice do-gooders—nobody else has done this. The sooner they lose office the better, in the EU and everywhere. Continue Reading →
Views: 460
Royal Society of NZ rejects tenets of science over global warming
SEE UPDATE BELOW
The Royal Society of New Zealand refuse to give evidence that global warming is man-made.
They say the evidence is overwhelming but will not say what it is. In doing this, they fail to show that future warming will be dangerous and thus void all efforts to prevent it.
Countries don’t go to war without reason. Local bodies don’t close roads for nothing. Juries don’t convict without evidence. Continue Reading →
Views: 429
Cautionary Australian tale of real genius
Back in the chaotic dying days of the Whitlam-Cairns-Connor government, Canberra was buzzing with Rex Connor’s grand plans for a national energy grid and gas pipelines linking the NW Shelf to the capital cities, all to be funded by massive foreign loans arranged by a mysterious Pakistani named Khemlani. Malcolm Fraser staged a parliamentary revolt. The economy slumped. Continue Reading →
Views: 208