David Pocock calls new fuel technique ‘morally bankrupt’
The impartial senator David Pocock has lashed the federal government’s new future fuel technique as “morally bankrupt, negligent and simply plain silly”.
Pocock stated the technique ignores recommendation from local weather scientists, writing on X:
Local weather scientists and international vitality specialists inform us opening new fuel tasks is disastrous for our local weather, our kids and future generations…
Backing the growth of the fossil gasoline trade in 2024 is morally bankrupt, negligent and simply plain silly given we export 75% of our fuel. We may legislate a home reservation coverage and have sufficient fuel for our transition, fairly than locking in emissions for many years.
This reveals a tragic lack of creativeness and ambition – dashing up electrification of households and companies needs to be the response to warnings of potential shortfalls. Electrification may save the common [Australian] family $2-5k per 12 months, yearly.
Key occasions
Peak physique for fuel trade welcomes authorities technique
The height physique representing the fuel trade has welcomed the Albanese authorities’s new future fuel technique.
It says the technique will present “clear path on nationwide vitality coverage that helps the central position of fuel within the financial system and Australia’s vitality transformation” – together with progressing new provide tasks.
Australian Vitality Producers chief govt Samantha McCulloch stated:
The technique must be backed by clear, tangible actions that urgently unlock new fuel provide to handle looming shortfalls and supply an unequivocal sign to the market that Australia is dedicated to making sure sustainable fuel provide to the Australian financial system and the area…
The success of the technique will likely be decided by whether or not it delivers significant coverage reforms that deal with the obstacles to new fuel provide and funding, and that recognise the central position of fuel within the vitality transformation.
Graham Readfearn wrote this nice evaluation piece on the position of gas-fired energy in Australia late final 12 months:
Jonathan Barrett
Financial institution prospects fall behind on mortgage and bank card repayments
Shoppers are more and more falling behind on private mortgage, bank card and residential mortgage repayments, in keeping with a Commonwealth Financial institution buying and selling replace, as elevated borrowing charges and excessive residing prices push extra households into debt.
The stress is most evident in private loans, with 90-plus day arrears spiking nicely above CBA’s historic averages over the previous 12 months.
CBA’s chief govt, Matt Comyn, stated:
We recognise that each one households are feeling the impression of upper inflation and better charges, nonetheless immigration is offering a structural tailwind for the financial system.
He stated the “fundamentals of the Australian financial system stay sound” due partly to low unemployment ranges.
Many households have been insulated from the impression of the Reserve Financial institution’s rapid-fire rate of interest hikes, and rocketing residing prices, by giant money buffers saved up early within the pandemic.
These buffers have saved arrears in test, however they’re quick eroding within the absence of rate of interest reduction.
CBA reported a money revenue of $2.4bn for the quarter, down 5% from final 12 months’s sturdy end result.
The worth of house loans in arrears by greater than 90 days elevated from 0.44% to 0.61% over the previous 12 months, which continues to be barely beneath CBA’s historic common. Bank card arrears jumped from 0.51% to 0.68%.
Arrears for private loans, that are generally taken out to consolidate debt or pay for renovations or holidays, lifted from 1.09% to 1.34%, nicely above the historic common of 1.25%.
Caitlin Cassidy
Shadow minister seeks to determine Senate inquiry into antisemitism on uni campuses
The shadow minister for schooling, Sarah Henderson, will search to determine a Senate inquiry into antisemitism on college campuses following a collection of roundtables with Jewish college students and group members.
It’s time for prime minister Anthony Albanese to indicate management and for his schooling minister to step up … Permitting the institution of encampments opens the floodgates to round the clock occupation by extremist protestors, together with those that haven’t any reference to a college.
A movement to determine the inquiry, which might be chaired by Liberal senator Matt O’Sullivan, will likely be lodged within the Senate subsequent week.
The Zionist Federation of Australia known as on the federal authorities to assist the inquiry. Its president, Jeremy Leibler, stated the scenario on campuses was “untenable”.
A joint assertion by 10 Australian college encampments, printed as we speak, stated the protest encampments had been peaceable and established to face with the folks of Gaza.
Our opposition to the state of Israel and to Zionism as an ideology shouldn’t be antisemitism. Lots of the pupil leaders of our protests are Jewish, and we see ourselves as standing on the shoulders of a protracted line of Jewish pro-Palestine and anti-war activists.
Environmental teams lash authorities’s fuel technique as ‘kick within the guts’
Environmental teams have additionally spoken out in opposition to the federal government’s new fuel technique – which argues Australia wants new sources of fossil fuels to fulfill demand “to 2050 and past”.
The Australian Conservation Basis stated the technique is a “blueprint for local weather catastrophe and needs to be deserted”. Its nationwide local weather program supervisor, Gavan McFadzean, stated it “beggars perception” the federal government would launch this plan amid grave warnings from local weather scientists about international heating.
The Albanese authorities’s future fuel technique resembles the Morrison authorities’s ‘gas-fired restoration’ and reads as if it was written by fuel giants Woodside and Santos. This technique is a kick within the guts to the hundreds of thousands of Australians who voted within the Albanese authorities in Might 2022, believing it signalled a brand new daybreak for local weather motion.
McFadzean additionally argued the technique is “incompatible” with the federal government’s Future Made in Australia imaginative and prescient – to assist areas which have historically relied on fossil gasoline manufacturing to transition to wash vitality.
Local weather motion group 350 Australia says “extra fuel means extra air pollution, and which means worse fires and floods”. CEO Lucy Manne stated:
That is an absolute betrayal of communities who’re feeling the impacts of local weather change and excessive climate occasions now.
In the meantime Greenpeace has labelled the technique as a “betrayal of Australian and Pacific communities”. Its CEO, David Ritter, stated Labor received the federal election on a promise of delivering on local weather motion, and as we speak’s announcement is a “betrayal of that dedication” and “a step nearer to a extra unsafe future for us all”.
That is no higher than a smoker saying they’re giving up, however in actuality simply swapping one model of cigarettes for an additional…
The sunshine on the hill can’t be powered by fuel. [Resources minister Madeleine] King is fallacious on the science, doing fallacious to the folks of Australia, and is undermining the Labor authorities’s standing, at house and overseas.
Greens say authorities has ‘totally caved to fossil gasoline foyer’ with new fuel technique
The Greens setting spokesperson, Sarah Hanson-Younger, says the federal government’s new fuel technique reveals they’ve “totally caved in to the fossil gasoline foyer”. In an announcement this morning, the senator argued Labor has thrown “any local weather credibility out the window” and stated:
On the identical day the world’s scientists are sounding the alarm that we’re heading off a local weather cliff, Labor has slammed it’s foot on the fuel, in a unadorned try to pander to massive fuel …
Solely days in the past Labor dumped their promise to repair the environment legal guidelines to guard wildlife and nature. At this time they’ve totally caved in to the fossil gasoline foyer. Labor merely can’t be trusted on local weather and the setting.
Minister defends Australia’s potential to fulfill local weather targets amid new fuel technique
The assistant defence minister, Matt Thistlethwaite, defended Australia’s potential to fulfill its local weather change targets whereas on ABC Information Breakfast earlier. He was requested concerning the authorities’s new fuel technique, and responded by saying “gas-fired energy is cleaner than coal-fired energy”.
So fuel will likely be an important transition gasoline as Australia makes that orderly and regular transition to web zero by 2050 and 43% renewables by 2030.
I’m within the Northern Territory. I introduced a few days in the past at Robertson barracks in Darwin a brand new photo voltaic farm that may energy about 1,800 properties in the local people right here and energy about 40% of that foundation wants and cut back their vitality prices by about half 1,000,000 {dollars} a 12 months.
We’re making these investments in renewables, however what’s essential is we now have a gentle transition and fuel will likely be a part of that transition.
Victoria police to apologise for Stolen Generations position
Victoria police will apologise for its position within the Stolen Generations as a part of reforms stemming from the state’s truth-telling inquiry, AAP reviews.
The chief commissioner, Shane Patton, has confirmed the power’s commitments will embrace improved processes for Aboriginal folks coping with police. This can contain expanded cultural consciousness coaching throughout the organisation and upgraded reporting of police statistics about Aboriginal folks.
In complete, Victoria police will perform 79 reforms by the top of 2025 as a part of the its response to the Yoorrook justice fee.
Patton’s announcement got here on the primary anniversary of his apology in entrance of the inquiry for the mistreatment of First Nations folks by police.
A Victoria police spokesman stated Patton’s Stolen Generations apology will happen on 24 Might in entrance of survivors and relations of these impacted. Yoorrook’s closing report is predicted to be handed down in 2025.
Teal MPs criticise authorities’s new fuel technique: ‘We needs to be offended’
Quite a lot of teal independents have spoken out in opposition to the federal government’s new fuel technique.
The impartial MP for Mackellar, Sophie Scamps, pointed to a Guardian report from in a single day exhibiting the planet is headed for at the very least 2.5C of heating with disastrous outcomes for humanity. You’ll be able to learn the total report beneath:
Writing on X, Scamps stated:
As one high local weather scientist stated – ‘the world’s response up to now is reprehensible – we dwell in a world of fools’. 80% of IPCC scientists imagine we’ll see 2.5C of warming over subsequent 5 yrs. Within the meantime Aust[ralia] is massively increasing fuel [extraction] for export… Insanity.
Impartial MP for Wentworth Allegra Spender additionally pointed to the Guardian’s report, and wrote:
On the identical day world main local weather scientists say international heating is blasting previous 1.5 levels, Labor has introduced a “future fuel technique” to speed up main new fossil gasoline tasks. We shouldn’t be despairing. We needs to be offended.
Impartial MP for Kooyong Monique Ryan additionally responded to the brand new technique:
Australia is blessed with considerable renewables. We have to develop our photo voltaic and wind vitality and develop storage and transmission capability – not do offers with the multinationals for extra fuel exports.
Man arrested following alleged stabbing exterior health club
A person has been arrested after allegedly stabbing a lady exterior a Sydney health club yesterday.
At noon yesterday, emergency companies had been known as to Alexandria following reviews of the alleged stabbing.
On arrival, police had been instructed a person believed to be in his 40s had allegedly stabbed a 39-year-old lady. Police imagine they’re identified to one another.
The lady was handled by paramedics and brought to hospital in a steady situation. Against the law scene was established and an investigation commenced.
About 7.50am as we speak, a 45-year-old man introduced to Dee Why police station the place he was subsequently arrested and brought to Manly police station.
Police say inquiries are persevering with.
David Pocock calls new fuel technique ‘morally bankrupt’
The impartial senator David Pocock has lashed the federal government’s new future fuel technique as “morally bankrupt, negligent and simply plain silly”.
Pocock stated the technique ignores recommendation from local weather scientists, writing on X:
Local weather scientists and international vitality specialists inform us opening new fuel tasks is disastrous for our local weather, our kids and future generations…
Backing the growth of the fossil gasoline trade in 2024 is morally bankrupt, negligent and simply plain silly given we export 75% of our fuel. We may legislate a home reservation coverage and have sufficient fuel for our transition, fairly than locking in emissions for many years.
This reveals a tragic lack of creativeness and ambition – dashing up electrification of households and companies needs to be the response to warnings of potential shortfalls. Electrification may save the common [Australian] family $2-5k per 12 months, yearly.