Companies

Oct 18, 2011

The Coalition game of deterring renewables
investment

The opposition is pursuing a clear strategy of trying to scare investors away from anything to do with renewables. And some others are joining in.

Bernard Keane — Politics editor

Bernard Keane

Politics editor

The federal opposition’s self-appointed role under Tony Abbott as a sovereign risk machine is, at least politically, well understood. Not merely content with forecasting a looming apocalypse as a consequence of the carbon pricing package, Abbott has deliberately embraced the tactic of adding to business uncertainty with a cross-my-heart-and-hope-to-die promise that he would repeal the package.

50 comments

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50 thoughts on “The Coalition game of deterring renewables
investment

  1. Peter Ormonde

    Welcome back Bernard. Don’t go away again.

    Core and none core property rights – just lovely.

    I think it is about time we considered changing Abbott’s position from Opposition leader to Lead Saboteur. The tantrum elevated to a political strategy.

  2. D. John Hunwick

    I agree with Peter – welcome back and don’t go away again – my sanity can’t stand such a long absence of common sense and explanation. Perhaps you can explain why it is that the stupidity of Abbott and Hockey and others can’t be made crystal clear to a greater number of people – not on the basis of politics, but on the basis of clear argument and explanation. The hard won “carbon tax” must remain in place – ie withstand the assaults of Abbott et al – in order for the Planet to support us. What is it that they do not understand? Perhaps potential political candidates should take a scientif literacy test before being allowed to stand.

  3. Microseris

    Not to mention Baillieu’s sabotage of wind in Victoria but all systems go for coal.

    Looks like O’Farrell may follow Baillieu’s lead.

    Could be part of the national Liberal strategy..

  4. GocomSys

    Bernard, a breath of fresh air!

  5. Michael Wilbur-Ham (MWH)

    The main problem with the Rudd/Wong/Turnbull CPRS was that it “locked in failure”.

    It did this by giving polluters long term property rights so that any future government who wanted to make greater cuts than what the CPRS was designed to achieve would have had to buy back the property rights of the free permits issued under the CPRS.

    Though I mentioned this problem with the CPRS many times as my main justification for saying that the CPRS was worse than doing nothing, I cannot recall a single response which accepted my justification.

    But now that property rights for permits can be used as a reason for saying that Abbott is wrong we get articles and comments talking about property rights.

    I’m sure that it would be much cheaper for Abbott to scrap the carbon tax than it would have been for a government to go from the CPRS to something closer to what the science says is needed.

    So now that property rights for permits is taken seriously, are then any Labor supports who will finally admit that this is why we are better off not having a CPRS?

  6. davidk

    I am not often surprised at dispicable actions by the coalition but I was genuinely staggered at this eventuality. Not content with opposing ever initiative of this government and denying its’ mandate to govern at every turn, this disgusting opposition has moved to crucify business by increasing its’ risk in not only current, but future investments. I already believed Abbott, Hockey and Joyce to be imbeciles when it came to commerce but I would never have guessed the rest of the party would go along with such outrageous behaviour. I clearly underestimated just how evil these people can be. Imagine what they’ll do if they don’t get elected next time, legislate for national parks to be turned into nuclear waste dumps? Nothing is beyond them.

  7. Kristen Smith

    ‘or the task of decarbonising the economy’ what a laugh, only a true believer could write such drivel, it is almost beyond parody.

  8. Michael

    @BERNARDO !!!

    You’re back?
    What a relief, the gumnuts have run riot whilst you were away.
    No leadership.

  9. Aphra

    Despite the anti carbon tax campaign, the CEO of Rio Tinto, Sam Walsh, reports that they have just spent half a billion dollars (that is, half a billion dollars) on building a new generation power station in the Pilbara, which has immediately cut emissions by 35%. The company’s belief in climate change and environmental concerns – both management and employees Walsh says – is unshakeable. (The Weekly Review, p3, 19/10/2011 – Virginia Trioli’s column).

    I guess that Rio Tinto is either a true believer or employs a gaggle of dimwits.

  10. zut alors

    ‘…we had years of strong economic growth before the GFC, and it was always apparently a “very bad time” to take action on climate change back then, too. ‘

    It will never be a good time, let’s be frank. Very few people are prepared to put up with the necessary pain, cost, lifestyle adjustment or inconvenience. Initiatives will probably need to be imposed upon us.

    The reptilian Abbott and his spherical side-kick, Hockey, are behaving like irresponsible hoons. Or four year-olds. Their mission is to wreck and destabilise – these are not qualities of statesmen.

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