Category: Sustainable Settlement and Agriculture

The Generator is founded on the simple premise that we should leave the world in better condition than we found it. The news items in this category outline the attempts people have made to do this. They are mainly concerned with our food supply and settlement patterns. The impact that the human race has on the planet.

Offshore investors retreat on profit tax

admin /17 June, 2010

Offshore investors retreat on profit tax

Thursday June 17, 2010, 5:22 pm
 

 

The level of overseas investment in the local equity market has fallen due to concerns over the federal government’s proposed resources super profits tax, investment bank Citi says.

Citi equities strategist Richard Schellbach says overseas investment in Australian equities, which accounts for about 40 per cent of trade on the local market, slowed to a trickle in recent times in response to the proposed new tax.

China’s Wind Industry Is About To Get Squeezed

admin /17 June, 2010

China’s Wind Industry Is About To Get Squeezed

Published: June 10, 2010

Over the last several years we have chronicled the meteoric rise of the Chinese wind industry, which has experienced an unprecedented ramp up in capacity since January 1, 2006, when the Renewable Energy Law of the PRC went into effect. At the ACORE RETECH 2010 conference earlier this year, which I co-chaired with Li Junfeng, the Deputy Director of the Energy Research Institute of the National Development and Reform Commission, I half-facetiously joked that in wind equipment manufacturing the Chinese finally may have found an industry where runaway capacity development should not be feared. I thought that given the immense needs of the world for renewable energy, the Chinese had finally lighted on an industry where there was virtually no downside to unbridled output. No such luck.

Whitehouse has BP over a barrel as estimate of oil outpouring soars

admin /17 June, 2010

White House has BP over a barrel as estimate of oil outpouring soars

BP protest

Activists demonstrate neat the White House against BP for its role in the oil spill in the Gulf of Mexico. Source: AFP

BP could be forced to file for bankruptcy protection in preparation for civil and criminal fines exceeding $US40 billion ($46.2bn), one of America’s foremost legal scholars said.

Professor Jody Freeman, director of the environmental law program at Harvard Law School, said that without Government support BP faced an “avalanche of litigation” that threatened to cripple the oil company and could take decades to resolve in the US courts.

“It is going to be overwhelming,” she said. “People within the company will now be quietly looking at possible bankruptcy as a way out.”

Professor Freeman said that the US Government’s decision to raise its estimate for the amount of oil leaking into the Gulf of Mexico to 35-60,000 barrels a day was potentially devastating for BP.

The figure is up to 60 times BP’s initial estimate of 1000 barrels and represents a spill equivalent to the Exxon Valdez incident in 1989 every four days.

Is this what politics has come to?

admin /17 June, 2010

nsw politics

16 Jun 2010

Is This What Politics Has Come To?

The leaders of three NSW political parties duked it out on Twitter yesterday in a moderated debate. Is this how politics is done in the age of social media, asks Ben Eltham

Let’s get one thing straight first. The people who complain incessantly about the “24-hour news cycle” are the same people who, like me, are most likely to be riveted by a social media experiment like a Twitter debate.

Today’s Twitter debate between New South Wales politicians Kristina Keneally, Barry O’Farrell  and Lee Rhiannon might not have swayed the masses, but it certainly offered an insight into an emerging kind of politics.

I quickly found the best way to follow the debate was to follow two streams at once: the broader #penrithdebate hashtag and the filtered stream which displayed only the tweets of the three leaders and moderator Kevin Wilde.

Teflon and the haters of Rudd

admin /17 June, 2010

Teflon and the haters of Rudd

MIRANDA DEVINE
June 17, 2010
What with his brother, Greg Rudd, damning him with faint praise, the writer, David Marr, psychoanalysing him, and his colleagues distancing themselves from him, perhaps it’s time to feel sorry for “Heavy Kevvy” and a little in awe of the Prime Minister’s thick skin.

And just when you start to wonder if it is fair that Kevin Rudd should take the rap for all the bungles of his first-term government, along comes the convenient leak this week that Julia Gillard and Lindsay Tanner – half his kitchen cabinet – had nothing to do with any of it. Oh sure.

As soon as Rudd’s personal popularity shield started to fall, we began to witness the unedifying spectacle of everyone piling on and kicking a man when he’s down. As armchair psychologists pick apart his failings as a human being, and his own brother declares that looking inside his head is a “scary thought”, you get the uncomfortable feeling it’s all gone a bit too far.

For one thing, if the amateur shrinks are correct about Rudd’s “angry heart” and petty nature, and if he is returned next election, as he is still favoured to do, the rage unleashed in vengeance attacks will simply consume the government’s second term.

The duffer’s guide to the Resources Super Profits Tax

admin /16 June, 2010

The duffer’s guide to the Resource Super Profits Tax

super tax

The carve up of who gets what based on $300 million mining operation / The Daily Telegraph Source: The Daily Telegraph

  • ALP says old tax failed to keep pace
  • Super tax will be retrospective
  • $12b for Treasury in first two years

OK, IT”S complicated. But given the role the controversial Resource Super Profits Tax may play in our nation’s economic prosperity, it’s important to gain some grasp of it.