All Scientists are Sceptics ~Professor Bob Carter

Whenever someone asserts that a scientific question is “settled,” they tell me immediately that they don’t understand the first thing about science. Science is never settled. Dr David Deming

Perhaps the most frustrating aspect of the science of climate change is the lack of any real substance in attempts to justify the hypothesis ~Professor Stewart Franks

A lie told often enough becomes the truth.
-- Vladimir Ilyich Lenin - See more at: http://thepeoplescube.com/lenin/lenin-s-own-20-monster-quotes-t185.html#sthash.aTrSI3tG.dpuf
A lie told often enough becomes the truth.
-- Vladimir Ilyich Lenin - See more at: http://thepeoplescube.com/lenin/lenin-s-own-20-monster-quotes-t185.html#sthash.aTrSI3tG.dpuf
A lie told often enough becomes the truth.
-- Vladimir Ilyich Lenin - See more at: http://thepeoplescube.com/lenin/lenin-s-own-20-monster-quotes-t185.html#sthash.aTrSI3tG.dpuf

Tuesday, 9 October 2012

Money out of thin air evaporating?

Just over a month ago, this blog published an item called Money Out of Thin Air (Link)

This video from Koozzoo exposed some of the manifestly corrupt practices now being used by big business to exploit the Carbon Tax in Australia, in particular the ridiculous practice of "carbonising land" - turning valuable agricultural land in to carbon sinks. 

 It concerned also Qantas' buying of carbon credits from RM Williams Agricultural Holdings' property Henbury Station.  ABC Rural wrote of it in July (here)
Qantas has agreed to buy carbon credits from the Henbury Conservation Project in the Northern Territory, under its voluntary offset program.

The credits are being produced by R.M. Williams Agricultural Holdings by regenerating the former cattle station, about 130 kilometres south of Alice Springs.

Head of Environment at Qantas, John Valastro, says while he can't say exactly how many credits will be purchased, it will be a significant amount.


Four months earlier, however,  ABC Rural  had raised doubts about the success of the project. (link)
When RM Williams Agricultural Holdings (RMWAH) bought Henbury Station, 130 kilometres south of Alice Springs last year, it was hailed as a bold new step forward in carbon farming.

But the sale only went ahead because the Federal Government contributed $9 million of the $13 million sale price. 

Now there are questions about whether the company will be able to make as much money from carbon credits as it expects, and whether the Government made a mistake in contributing funds.

A Northern Territory Government document obtained by ABC TV's Landline program says up to $78 million a year could be made from Henbury Station by selling carbon credits under the Federal Government's Carbon Farming Initiative.

RMWAH plan to generate the credits by removing cattle from the property and culling feral animals.
This stops emissions from the animals themselves, and allows vegetation to regrow and store carbon.
RMWAH bought the property by putting in $4M with the Government giving them  $9M.

How does that works? Didn't the Government (ie we, the people) put in more than RMWAH?

But RMWAH BOUGHT the property?

The Government spent more money on promotional blurbs. From one:- (link)

While Henbury has previously operated as a cattle station, 70 per cent of the huge property remains largely in its natural condition – a great platform for the new owners to implement a conservation and restoration plan to manage the entire property for conservation in perpetuity. 

With the removal of grazing pressures, the company will actively manage the former pastoral property to control fire, water, weeds and feral animals to support the regeneration of native vegetation. Income from the resulting biodiverse carbon credits will fund Henbury’s long-term conservation.

Now we learn that Australia's largest 'carbon farm' is failing:




1 comment:

  1. Taxpayer generosity knows no bounds.From http://blogs.news.com.au/dailytelegraph/timblair/
    via
    http://bunyipitude.blogspot.com.au/2012/10/gone-with-wind.html

    2011:

    The federal Minister for Climate Change and Energy Efficiency Greg Combet joined Premier Mike Rann in touring the RPG Australia plant in suburban Adelaide today …

    “With RPG in Kilburn, we see a company that has adapted to harness the opportunities of new green industries,” Mr Rann said.

    “Out of their workforce of about 100 people, 90 of them are working on wind-turbine tower production – an industry that didn’t exist here a decade ago.”

    2012:

    Steel engineering company RPG Australia has entered administration and 154 redundancies have already been made, with a total of 310 jobs at risk …

    The appointment of administrators to RPG is the latest in a spate of recent collapses in the struggling construction sector.

    (Via Professor Bunyip, who has far more)

    ReplyDelete





All serious comments published after moderation.
Comments should be polite, and respect all views.
No bad language. Spam never makes it!