Polling conducted over the weekend shows strong local support for the Newcastle City Council’s decision to include environmental and socially responsible factors together with financial returns in their investments.
47.3% of Novocastrians supported the council’s decision, while 24.8% were opposed.
Cost Benefit Analysis (CBA) of government bill estimates only 88 Australian seafarer jobs will remain under the Department’s preferred option for policy change (table below). This represents a loss of 1,089 Australian seafarer jobs, or 93 per cent of the current workforce.
The Queensland Treasurer, Curtis Pitt, has brought a welcome reality check to discussion about the Adani coal mine, pointing out the danger of overstating the importance of the mine to the state’s economy.
Queensland has workforce of 2.3 million people. Adani’s own economic expert has said the mine will create around 1400 jobs, or a 0.06% increase in the state’s workforce.
The latest economic report from gas lobby group APPEA adds to an already enormous amount of industry-commissioned ‘research’ which overstates the value of the gas industry to Australia and the Territory and downplays its environmental impacts and costs to other services.
The assumptions behind the economic modelling are unrealistic and the results have been put into press release form without context.
A key assumption is that eastern Australia is running out of gas and that: