top of page

Scomo, Taylor and the Fossil Fuel Companies

Everlution Newsletter

For Tuesday 29 September 2020 provided by (#letsfindsolutions)

News for green investors and organisations, stock watch & grant opportunities

Scomo, Taylor and the Fossil Fuel Companies

A policy of the fossil fuel companies, by the fossil fuel companies, for the fossil fuel companies.

The government’s energy policy has been written by fossil fuel companies, to promote the scams of the fossil fuel companies, with taxpayers handing money to fossil fuel companies.

The Morrison government is a clutch of climate denialists eager to reward its major donors in the resources sector as much as it possibly can without incurring political damage. Its Low Emissions Technology Statement and its?commitment of $1.9 billion?to support it has been crafted with that goal in mind. All the chin-stroking commentary from the Press Gallery about how the government has abandoned coal won?t change that.

The statement was literally written by fossil fuel company executives: the panellists who advised on the statement include former Origin CEO and former head of the climate denialist Business Council, Grant King; and the CEO of the Gas Infrastructure Group, Ben Wilson, along with another BCA director, Coca-Cola?s Alison Watkins, who is also a director of the Centre for Independent Studies, which has hosted climate sceptics.

The statement itself is aimless: it offers no hard targets of any kind. The real purpose is the promotion of?carbon capture and storage, a?repeatedly debunked myth?peddled by fossil fuel companies, to the status of a foundational goal of Australian energy policy.

There it is on page five: the four ?Big Technology Challenges? guiding the statement are ?more affordable, clean and reliable energy to households and industry?, ?expanding production and increasing productivity?, ?preserving and expanding onshore manufacturing of energy-intensive products? and ?scaling geological and biological sequestration?.

They may as well have included giant orbital sunshields as the fifth challenge, for all that sequestration will ever be a workable climate strategy. Even the statement admits, quietly, that carbon capture and storage doesn?t work unless you have a pure stream of carbon dioxide to easily bottle and store. There?s a ?stretch goal? of $20 per-tonne of CO2 for this, but that ?does not cover capture processes, noting the cost of capture technologies varies between applications and depends on factors such as the relative concentration of CO2 produced by an industrial process?.

Under the roadmap, the government will not merely need to remove the legislative limitation on the independent Clean Energy Finance Corporation and the Australian Renewable Energy Agency that limits them to renewable and other forms of clean energy. It also promises it will force them to invest in non-renewables and scams like CCS and soil carbon. Angus Taylor?s plan promises the government will be ?requiring key agencies (ARENA, CEFC and the CER) to focus on accelerating the priority technologies?.

That?s more or less all you need to know: an ?energy? plan written by fossil fuel executives elevates fossil fuel industry scams to the foundation of Australian energy policy, with a

government commitment to force independent renewable energy investment and program administration bodies to waste money of them, to the benefit of fossil fuel companies.

There?s probably a simpler word for it: fraud. And it comes at the expense not merely of taxpayers but of the generations to come who will suffer from our climate denialism.

Grants/Subsidies/Funding ? Jobkeeper 2.0

The?existing?modified Fair Work regime for JobKeeper employers has been extended by a further 6 months to 28 March 2021. The modified regime is available for the 2 Quarters of JobKeeper 2.0 ??but you must be a JobKeeper employer and have transitioned to JobKeeper 2.0.

Otherwise,?unless?your employers have transitioned to JobKeeper 2.0, all workplace arrangements you have previously made under the modified Fair Work regime end on 28 September or the end of the December Quarters for those not transitioning to the last Quarter.

Employers transitioning to JobKeeper 2.0?(as per ATO preliminary guidance):

  1. Do not need to re-enrol nor reassess employee eligibility or employee re-nomination.

  2. Employers must also determine if they satisfy the actual fall in the turnover test for each of the JobKeeper 2.0 Quarters before they complete the November monthly declaration.

You can be now eligible for?JobKeeper 2.0?even if you were not eligible for?JobKeeper 1.0.

For more info go to

CTI launches October specials month? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

As climate change events increase in number and ferocity, so does climate change risk for businesses and organisations. To remove or control this risk, organisations need to be equipped with the right practical knowledge.

Carbon Training International (CTI) offers courses that give clear direction to understand how to deal with climate change risk.

CTI courses include Strategic Carbon Management, Carbon Accounting, Applied Energy Efficiency, Reducing Fleet Emissions and Carbon Offsetting.

For all courses commencing in October, CTI is offering a 15% discount.

You can easily enrol in one of CTI?s online webinar courses at Just choose your preferred course and course start date. Extra course dates can be arranged.

The good news: carbon emissions and business costs are linked. The more an organisation reduces its carbon emissions the more it reduces its costs.

Eco-tip for the day ? Cars

Car travel makes up around 33% of the average person?s carbon footprint. If you can, walk, cycle or take public transport instead of driving. This means fewer cars on the road and fewer carbon emissions. But if you are going to drive, take care of your car.

Keeping your tyres properly inflated can increase your fuel efficiency by 3% and ensuring that your car is properly maintained can increase it by 4%. Try and avoid harsh acceleration and breaking, too. And if you really want to cut your carbon footprint, consider switching to an electric car next time you change vehicle.

Share watch ? St George Mining Ltd (SGQ:ASX)

Growth-focused Western Australian nickel company St George Mining Limited has announced excellent results from metallurgical test work on nickel-copper sulphide mineralisation from its flagship Mt Alexander Project, located in the north-eastern Goldfields WA. Preliminary test work completed in Perth confirms excellent metallurgical recoveries and concentrate grades for massive and disseminated nickel-copper sulphides from the Investigators Prospect.

Separate clean saleable nickel and copper concentrates were generated in a conventional flotation circuit test. There was a very high recovery of Platinum Group Elements (PGEs) in both the nickel and copper concentrates including from disseminated sulphides.

Nickel concentrate produced at the following grades: ? 16.2% Ni from massive sulphides at 90.6% recovery with 6.26 g/t total PGEs ? 13.5% Ni from disseminated sulphides at 62% recovery with 8.10 g/t total PGEs.

Copper concentrate produced at the following grades: ? 30.3% Cu from massive sulphides at 90.6% recovery with 7.39 g/t total PGEs ? 25.1% Cu from disseminated sulphides with 59.8% recovery with 18.1 g/t total PGEs.

Strong payable cobalt recoveries in the nickel concentrates with 0.59% Co in concentrate from massive sulphides and 0.50% Co in concentrate from disseminated sulphides

High silver values of 52 g/t Ag in copper concentrate produced from massive sulphides.

The five-year share price history is shown the graph above.

Financial indicators

The VIX fear gauge down by 2.03 points since last Tuesday EST to 26.03. Getting safer.

The Dow Jones Industrial Average up since last Tuesday EST by 436.36 points or 1.61% to 27,584.06, the STOXX 600 up 5.10 points or 1.42% to 363.39 and the Shanghai Composite index down 39.91 points or 1.22% to 3,234.39.

Gold on 1,887.60. US 10-year Treasury Bonds on 0.657 and oil on 40.40. Cryptos Bitcoin up 398 points since last Tuesday or 2.16% to 10,689.

ASX 200 up 174.90 points or 3.02% since last Tuesday to 5,959.00. The Aussie dollar on 70.84US cents.

Eco Market Spot Prices

LGC $46.00

STC $38.55

ESC $27.10

VEEC $33.00

ACCU $16.20

Sources:?RenewEconomy, demandmanager,? Reuters, SMH, Market Watch, Crikey


1 view0 comments


bottom of page