Jonathan Moylan deserved the sentence he got -- do the crime, do the time. But the bigger lie is the one spread by the coal industry -- that we can continue to rely on fossil fuels.
The claims that Whitehaven investors lost $300 million because of the ANZ press release hoax is rubbish. The figure is closer to $300,000, says Dr Alison Parkes from the University of Melbourne's Department of Accounting.
The coal hoaxer has stung ASIC out of its timidity and lethargy. It seems there's one set of rules for the wealthy and powerful, and another for coal activists living in a forest.