How transparent is Australian Prime Minister Kevin Rudd?
He heads off to a week long UN meeting on Monday, but rushing to make sure he has some great news to report to world leaders at the UN:
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“KEVIN Rudd has summoned mining and industry chief executives, environmentalists and union leaders to Canberra this morning to unveil a $100 million clean coal research institute aimed at making Australia the world hub for the climate-change-fighting technology.”
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Rudds science adviser, US Professor James Hansen will no doubt be pleased with his star recruit. Remember Hansen [pictured below] in his private letter to Rudd in March urged:
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“Due to the dominant role of coal, solution to global warming must include phase-out of coal except for uses where the CO2 is captured and sequestered.
Your leadership in halting these plans COULD seed a transition that is needed to solve the global warming problem.
If Australia halted construction of coal-fired power plants that do not capture and sequester the CO2, it could be a tipping point for the world. There is still time to find that tipping point, but just barely.
I hope that you will give these considerations your attention in setting your national policies. You have the potential to influence the future of the planet.
If we continue to build coal-fired power plants without carbon capture, we will lock in future climate disasters associated with passing climate tipping points. We must solve the coal problem now.”
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Oh James Hansen and the world leaders at next weeks UN summit will be so impressed with that bright young PM from ‘down under’.
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“The Australian understands the Prime Minister will make the project the centrepiece of his efforts next week when he attends the UN General Assembly meeting in New York.”
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Top of the class Kevin, Top of the class.
Meanwhile at home our pensioners live below the bread line, with the global credit crunch now forcing many of our 1.5 million self funded retirees onto the pension as superannuation funds returns are decimated. But hey lets face it theres no world kudos at swank UN meetings in looking after a few million old people, is there?
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Have your say!
Can you believe how transparent Kevin Rudd is? Going to the UN with this announcement is like your 5 year old gazzumping the class at ’show and tell’ to wind up the star pupil of the class. And it only costs we the tax payer a mere $100 million for us to make Kevin the star pupil.
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Tags: Carbon Capture, CO2, James hansen, Kevin Rudd, Pensioners, Rudd Watch, UN
Having just read the original press release on this Carbon Capture and Storage “project”, it gets worse.
The AFP article states $100millionAUD - A YEAR!!
Fourth last paragraph in article:
“So we will be providing up to 100 million dollars (80 million US) a year to fund this global carbon capture and storage institute.”
That would put some meat in the diet of ‘Meals on Wheels’ and hospital patients in NSW (and probably in hospitals the rest of Australia. May also allow some dignity to pensioners.)
MONEY MADNESS - It’s the Derivatives, Stupid!
“I can calculate the movement of the stars, but not the madness of men.”
– Sir Isaac Newton, after losing a fortune in the South Sea bubble
“Something extraordinary is going on with these government bailouts.
Some of the deals are now so complex, firms must hire NASA physicists or top-flight economists just to manage them, or to figure out new derivatives.
But the trade has grown so big and is carrying so much risky debt, that one of the world’s savviest investors of all — Warren Buffett — labeled derivatives “financial weapons of mass destruction, carrying dangers that… are potentially lethal.”
One of the biggest dangers is tied up in what’s called counter-party risk, where several firms may be involved in one derivatives deal.
Today’s global financial system is interconnected as never before. That’s where derivatives could pose a threat to average investors who don’t even know what they are.”