January 2016
Mining Boom-tish
The first episode of The Australia Institute’s exciting new podcast series Follow The Money looks at the economics behind Australia’s mining boom. You can subscribe to Follow The Money on iTunes. Contributors: Richard Denniss Rod Campbell Francis Keaney Find us on Twitter/Facebook. In Follow The Money, The Australia Institute explains the economy in plain English. We’ll bust some economic
June 2015
Mine not yours: Minerals industry attacks environment groups
The mining industry is furious that if you make a donation to an environment group, your donation is tax deductible. You know the drill. You give someone in a koala suit anything over $2, they give you a receipt and go off to save an owl, hug a tree or, more likely, make a submission
April 2015
Coal industry writing the NSW Govt’s rules on economics
Imagine this. You’re a State Government minister. Your department and the most powerful industry it regulates are under fire for failing to comply with your government’s own guidelines. Courts, the media and community groups keep complaining that the industry breaks the guidelines and your department lets them get away with it. Even the consultants you
November 2014
Coal companies talking rubbish on energy poverty
The term “energy poverty” refers to people who do not have access to electricity and clean cooking facilities. Globally, 1.3 billion people do not have access to electricity in their houses and 2.6 billion people cook by burning coal, wood and other solid fuels. This has major impacts on people’s health, safety and quality of
January 2014
Coal royalties a tiny part of state revenue
In the old Chinese proverb, the frog in the well thinks he knows everything about the world, based on the little patch of sky he can see. The view from the bottom of an open-cut coalmine might be a little wider than that of a well, but NSW Minerals Council chief executive Stephen Galilee’s discussion of the role
Another way to look at the impact of coal
Mining industry lobby group the NSW Minerals Council this week released yet another report on mining’s importance to the NSW and regional economies. Not surprisingly, the report contains lots of big numbers. But this report, like many before it, is a case of ‘‘what’s true isn’t surprising and what’s surprising isn’t true’’. Let’s start
October 2013
Terminal 4 project claims don’t stack up
If something sounds too good to be true, it probably is. Last week, Port Waratah Coal Services (PWCS) chief executive Hennie du Plooy said in the Newcastle Herald that the proposed Terminal 4 project (T4) would “inject $770million a year into the regional economy during construction and another $418million a year” when operating. I don’t
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