Beetaloo Boondoggle: Political Bribes Beat Planet As Gas Fracking Gets Public Handouts
As a bloc, the two main parties voted to give our money, public money, to companies to drill coal gas in the Northern Territory, to open up a gigantic new territory, the Beetaloo Basin, for fracking. hydraulic.
The latest capitulation to corporate profits came yesterday morning as the Coalition and Labor opposed a disallowance motion in Parliament to prevent $ 50 million in public subsidies going to gas explorers in the Northern Territory . It was yet another political capitulation to corporate corruption, donations from gas companies.
And so they voted to destroy the planet for their own financial gain. They even voted for money rather than common sense; because Australia is already the world’s largest gas exporter. We don’t need more gas, it’s a myth peddled by Australia’s most powerful lobby groups such as APPEA, themselves controlled by foreign fossil fuel companies such as Shell and Exxon. .
They voted to make an American billionaire rich. For, among the potential winners of this act of political betrayal is Tamboran Resources, a speculative explorer backed by an American billionaire of shale oil.
This business, incredibly, threatens to sue Michael West Media and IEEE gas analyst Bruce Robertson, for defamation. So, effectively, Parliament voted to give money to an American billionaire threatening to sue a small independent journalism company in Australia for exercising free speech, threatening to spend the time in Australian courts trying to muzzle journalists with the threat of going bankrupt.
Another winner of the getaway is Paul Espie, a top Liberal Party official, from whom Empire Energy is expected to get half of the $ 50 million in funding for its Beetaloo Cooperative Drilling grant program.
It’s not just once again our politicians bought out by companies, bribed to push through a policy that destroys the planet, it’s about them using our money, public funds to pay interest foreigners in order to poison the water tables of the world’s driest continent, to contaminate our most precious resource.
Meanwhile, 2,700 kilometers southeast of Narrabri, NSW, Santos has won its long battle against farmers and the local community for gas.
Santos is a major political donor to the two major parties.
As local farmer David Quince told us last week, “The sadness of detailing all the concerns about CSG mining, the lies, the refusal to acknowledge scientific evidence, the politicians who are actively promoting industry is that, without the power of the people, industry would have already invaded valuable and productive areas in NSW ”.
In Queensland, after years of torturous debate, another foreign-controlled company, Adani, has finally broken the earth at its Carmichael thermal coal mine, a company that will put an additional 20 million tonnes of carbon dioxide into the earth. atmosphere at a time when the world is calling for an end to new fossil fuel projects.
The good news is that, despite the acrimony and flagrant waste of public money and damage to the planet, none of these projects are likely to produce their fossil fuels for long. They are simply not viable without public money.
The global excess of gas and coal will likely make them unprofitable. That’s why Santos already pays almost no tax. It’s already stressed. This is why the major political parties are investing in the “gas transition”, why they are subsidizing speculative drillers in the Northern Territory.
That’s why BHP just moved to offload its oil and gas assets under a mega-deal in Woodside. This is why the American oil leviathan Exxon is trying to whip its platforms in the Bass Strait.
In a real market, which the Coalition and Labor neo-liberals claim to prevail, there should be no government subsidies. If there is a financial return to be made, it must be with real business risk. At least that’s their theory.
It is not their practice. By subsidizing these projects, pumping money even into the production of electricity from fossil fuels through the proposed Kurri Kurri gas plant in New South Wales, they are mocking their own economic theories.
So what do we have? We have the power brokers in the big parties who solicit donations from the gas companies to stay in power or, in the case of the Labor Party, to take office. And we have worldwide condemnation.
Code Red for Humanity
“This is humanity’s code red,” said United Nations Secretary-General Antonio Guterres on the occasion of the publication of the Intergovernmental Panel on Climate Change (IPCC). As the effects of climate change become more apparent, access to safe and secure groundwater resources will become critical, he said.
People who despise “climate change” and often make the comment “the climate has always changed” cannot deny the fact that the Earth’s population is growing rapidly. From 1939 when the population was 2.2 billion to 2021 when the population is calculated at 7.5 billion, to the projection of 10 billion in 2055.
We live on a small sphere floating in the universe. We have a finite amount of resources. Population growth and the increasing demands of our population as many of them adopt a higher standard of living are putting increased pressure on our planet.
In April 2021, US Vice President Kamala Harris said, “In the not too distant future, wars will be fought for water. His comments echo similar statements made by many others.
Harris’ reference to water as a valuable global commodity reflects UN data on the world’s scarcity of resources. It is estimated that over 700 million people could be displaced by increased water scarcity by 2030.
Global water use has grown twice as fast as the world’s population. In 2016, NASA published a mapping study revealing that 21 of the world’s 37 major water sources are in distress.
Australia is the driest inhabited continent in the world. Groundwater is our most precious resource. The Great Artesian Basin provides reliable and clean groundwater to 22% of Australia. Cities, agriculture, industry and tourism depend on these reserves.
Yet our elected officials are willing to risk our precious water resources for 30 pieces of silver.