#ScoMo

Scorched house climate policy?

As 30cm of snow fell on Falls Creek yesterday (i.e. summer), Mother Nature proved yet again she is full of surprises. To think that giving loads of money to the UN can somehow change her stubborn ways is rather obtuse.

Less of a surprise was a protestor, Melinda Plesman, who brought parts of her burnt down house to attack the PM Scott Morrison for allowing the climate crisis to happen. Forget that the Australian Institute of Criminology (AIC) reports consistently that c.85% of fires are either deliberately, accidentally or suspiciously lit. Forget that multiple children have been found responsible for lighting these recent mega-fires. Just blame climate change, even though the Western Australian fire service notes on its own website that there is no evidence of such. CM wrote about that here.

Maybe Plesman could reflect on the internal politics within the upper echelons of the fire services? Not so much the rank and file (supposedly wife-beating) front line firefighters but the bureaucrats who make daft decisions such as buying a Boeing 737 fire-bomber which can only be used at 4 airports rendering it highly inflexible (as much as it’s a great political sales point) or a military helicopter which spends 5hrs in the maintenance shed for every hour it is in the field working. Or replacing 1-yo trucks with brand new ones because records are poorly kept? Or inadequate removal of fuel from the bush floor?

While it is completely understandable Plesman and 100s of others like her, are devastated that their houses have burnt to the ground, had Scott Morrison erected 1000s of wind turbines and solar parks since he took over the top job, it would not have made the slightest dent in the 1.3% of global emissions that makes up Australia’s share of the global total, nor have prevented these fires.

PM Morrison should arrange his RAAF jet to take Plesman to Beijing to tell President Xi that he is to blame for causing c.30% of global human-made GHG emissions and rising. She can then openly criticise Chinese policy that won’t approve new renewables projects unless they are cheaper than burning coal. What a surprise such investments are c.40% down on the previous year in China. What a shock that China has 100s of new coal-fired power plants on the drawing board?

It is easy to forget that Australia ranks #3 in the world for renewables spending per capita. We spent $9.5bn on clean energy last year, almost twice as much as France with its Paris Climate Accord loving Macron at the helm.

Unfortunately, it is too easy to capitulate to the cabal of climate change activism. Submit to the script of 11,000 signatories, despite the fact it included the likes of Mickey Mouse, Albus Dumbledore and Araminta Aardvark. Ignore that a recent major scientific paper, which claimed to have found rapid warming in the oceans as a result of manmade global warming, was withdrawn after an amateur climate scientist found major errors in its statistical methodology. Or the accident-prone Bureau of Meteorology and its 85% senior management structure which is in dire need of a thorough investigation.

Alarmists love to hate the coal industry. Plesman expressed her disdain too. It is a line often pushed by the climate change movement that Australia is responsible for the emissions caused by those who burn our black rocks overseas. By that measure, perhaps we should blame the Japanese, Koreans and Europeans for all of the emissions caused by the production and use of the 1,150,000+ cars we buy but are required to import each year? Or the Americans and Europeans for the commercial aircraft that belch all that nasty CO2? Or manufacturers of mobile devices and computer periphery? Maybe all the solar panels and wind towers, often built with raw materials from the fossil fuel industry?

CM honestly feels sorry for Plesman and others that have suffered such losses from these devastating bushfires but it doesn’t absolve them of getting to grips with the facts. She can be absolutely sure that even if Australia went 100% renewable and stopped exporting coal, that severe bushfires will continue to plague our future. As the WA Gov’t’s Bushfire Front states, “The only factor we can control is the large contiguous accumulations of fuel. Therefore, broadscale fuel reduction burning is the only defence we have against large wildfires. This will not prevent fires occurring, but it will ensure fires are less intense, are easier and safer to control and will do less damage...Experienced firefighters do not fear a 40-degree day per se. This is because even on a hot day, a fire in one or two-year old fuel can be controlled; on the same day a fire in 20-year old fuels with high winds would usually be unstoppable.

Fair Dinkum Virtue Signaling

Atlasssian co-founder Mike Cannon-Brookes has been a huge advocate of renewables. So much so he has stated he wants to be a net exporter of wind and solar. Fair Dinkum Power (FDP), the company he helped set up, had a manifesto which stated the following,

We are a movement. We are a brand for Australia’s energy future. We are a rallying cry for all who believe in the power of the wind, the sun, the waves and – most importantly – the power of the people of Australia.

For energy to be fair dinkum, it must be honestly good for our wallets, good for our economy and good for our planet.

So to CM’s surprise today, the AFR noted,

“The Atlassian co-founder applied to deregister Australian Fair Dinkum Power Pty Ltd on November 27, almost exactly a year after he set it up in response to Prime Minister Scott Morrison referring to coal as “fair dinkum power” in comparison to solar or wind.

A spokesperson for the Rich Lister said the Fair Dinkum Power cause, which advocates for Australia to be 100 per cent powered by renewables and export as much again, would live on in the form of a website, an online petition (which has more than 90,000 signatories) and a Facebook page.

The company never undertook any business activity and the spokesperson said there had never been any intention to start any, despite rumours that Mr Cannon-Brookes would launch a retail energy supplier under the Fair Dinkum banner.

One can only imagine that the realities of the free market meant that it was never going to be good for wallets or the economy. CM awaits the media to conduct a full investigation into this sad outcome with all the gusto they did at FDP’s inception.

Fair Dinkum Virtue Signaling!

It was only several months ago that Mike Cannon-Brookes (MCB) was on a campaign to get the already left-leaning board of BHP to ditch ties with groups like the Minerals Council of Australia. But why?

CM believes that nothing shows the prosecution of a cause than leading from the front. MCB should use the might of Atlassian’s $32 bn market cap and seek to buy a controlling stake in BHP whereby it can behave like an activist shareholder and achieve those goals from within. A bit rich to demand a company like BHP fold to the whims of another listed corporate which has no direct business with it. That would be terrible governance for BHP to pay MCB any mind.

How would MCB react if BHP CEO Andrew Mackenzie turned around and demanded that Atlassian cut ties with ANZ for being embroiled in the Hayne Banking Royal Commission? MCB would rightly tell him to take a hike.

One doubts that MCB has much of his superannuation buried in BHP shares but why pick on the Minerals Council of Australia? After all, if he had a good look at what Australia’s mineral industry enables, Atlassian should be a backer not a knocker. Why not influence the debate by being part of it?

Here is a list of 30 things Australian minerals companies provide, including vital materials used in wind farms and solar panels, the very forms of renewable energy MCB wants Atlassian to rely on 100% to power its future. MCB’s Tesla is reliant on Aussie minerals to make the batteries. So does his smartphone, tablets, laptops and desktops. And so do the white goods that chill his food and the copper pipes that deliver hot water in his lovely mansion in Sydney. His dentist uses those minerals to maximise his oral hygiene.  The list goes on.

No one can take away the success MCB has achieved in the corporate sphere. However, it would appear that being an expert in the software world doesn’t always translate to being a sage on the environment much less hold any authority to dictate the boardroom discussions of a company that is more crucial to its existence than the other way around.

ScoMo does Westpac a favour via first home buyer scheme

What a joke our government is. Whack Westpac over the head again because it has been a “very naughty boy” by banning it from the government’s first home buyer deposit scheme. While it might look good in front of voters to bash a bank, what they don’t realize is Westpac actually wins.

Westpac should count it’s blessings. Honestly. Piling first home buyers in at the top of the property bubble is hardly the best scheme for prudent risk management. Given the banks haven’t been granted the ability to properly risk adjust for these buyers, it works in Westpac’s favour to be booted from this ridiculous plan.

Here is the deal. Although ‘owning’ one’s own home has always been part of the Game of Life in Australia, at what point will our law makers look to failure in policy as a reason kids can’t join the property ladder instead of trying to grant their wish and saddle them with negative equity right around the corner? Perhaps address productivity, tax reform and unnecessary red tape as opposed to bash a bank, tighten the regulatory noose and eject them from the sandpit by subsidizing a future car wreck.

In reality the scope of business Westpac may have made from this scheme is likely to be so small it would be a rounding error to the group. Yet more virtue signaling from our political class. Utter. Waste. Of. Time.

Thank God China has clarified the Pacific Island claims with action

One would think China is channeling the former Iraqi Ministry of Information.

China’s Special Envoy to the Pacific, Ambassador Wang Xuefeng, told the Pacific Island Forum in Tuvalu,

“As the largest developing country in the world, China always attaches great importance to the special concerns and legitimate demands of small island countries in combating climate change…Developed countries should earnestly carry out their obligations set out in the (UN Climate Change) Convention and the (Paris) Agreement, including providing sufficient support in terms of finance, technology and capacity-building to small island countries and other developing countries to help them increase their capacities in combating climate change.”

What he should have added was,

We intend to belch as much CO2 as we please until 2030. We know we’re already 29.3% of global CO2 emissions. We’re not sure why but until the Extinction Rebellion Beijing chapter starts we figure it mustn’t be a concern in China. ”

Perhaps the most laughable part of it was to say all countries, big or small, are equal in China’s eyes. Except HK, Taiwan, Paracelsus, Spratly and Senkaku Islands.

It wasn’t so long ago that CM was covering machinery stocks and local Chinese governments preferred industry polluted because it meant fines that filled up their coffers. The industry obliged because it was cheaper to produce by paying the fines.

Perhaps China will open its doors to all these climate refugees when whole villages are forced to move to mountain tops.

We should expect that Ambassador Wang will travel by sailing boat to future summits. It’s for the planet you know.

Cue the violins – seriously

Does the Fijian PM have intel that the Tuvaluan PM forgot to share with ScoMo and the media on people abandoning their homes due to climate change? Both should be refusing Chinese easy credit on principle to show their contempt of Beijing’s willful neglect of the climate. Mr Bainimarama should make sure if traveling to PNG to refuse a government Maserati to transfer him from Jackson’s International Airport.

Even China can’t help us avoid a Climate Emergency

CLimateEmergency.png

Here are the numbers. This is the contribution of many of the Pacific Island Summit attendees’ CO2 emissions as a % of the global atmosphere. Why do the media guffaw at the ridiculous when looking at the numbers? Do the political class honestly think that spending billions on renewables will make the slightest difference? Scott Morrison absolutely right to soften the language in the draft agreement at the summit. Honestly, he should push to have it removed in its entirety. Even China’s CO2 emissions are 0.000352% of the world’s atmosphere. China can’t even save us.

So to the Pacific Island leaders – go ahead and buy more Maseratis. The Italian economy needs an economic boost because they’re sinking, unlike your islands.

Jacinda, time to deal with fects

Jacinda

NZ PM Jacinda Ardern! You may be the high priestess of wokeness but sadly you need to have a better grasp of numbers. CM already detailed that Australia is more generous by a considerable currency-adjusted per capita margin than your Wellness Budget. Look at the ratio of Kiwis living in Aus vs Aussies living in NZ. 570,000 plays 37,000.

Sledging Aussie PM Scott Morrison may win brownie points with the left (and the global mainstream media cheerleading squad will find you faultless) but here are some facts you might consider before you speak:

  1. China is 45% of global coal powergen. China has over 1,000 coal plants in operation. A further 126 are under construction and another 72 are in the planning stage. Australia has only 2 in the pipeline.
  2. China has grown CO2 emissions from 10.6% of the global total atmosphere in 1990 to 29.3% today. Australia has slipped from 1.21% to 1.08% respectively. You are but a spec.
  3. Since 1990, Australia’s CO2 emissions per capita have risen by 1.8%. NZ has grown by 10.8%. Yes, we emit more CO2 per capita in gross terms because we have a monster mining industry that you don’t. Australia’s impact on global CO2 is 0.0000134% of the total atmosphere. Yours is 0.00000124%. Nothing. So no matter what we do, our impact via virtue signalling will account for zero. Feel free to flash those pearly whites to the adoration of the sheep that think you should lead a global government. No thanks.

The NZ PM’s Wellness Budget has received lots of accolades. A true leader! Champagne socialist Sir Richard Branson also praised her saying other countries should take note. Despite owning an airline…

The idea that a budget should be solely based on economics is not progressive and more should be directed at “well-being”. That is not to say this budget is not “well-intentioned”. However, the statistics compared to across the ditch do not fare well in relative terms.

Comparing her newest policies versus Australia reveals the kangaroos get better access to social services than the kiwis. How surprising that none of the mainstream media bothered to look at the budget numbers on a like for like basis? Just praise her because she represents their ideal version of a socialist leader.  CM has looked through both budgets and adjusted for currency to make for easier like-for-like comparisons.

When it comes to health spending per capita (currency-adjusted), Australia is expected to climb from A$3,324 in 2019 to A$3,568 in 2022. NZ is expected to go up slightly from A$3,516 to A$3,561 respectively.

On social security and welfare, Australia is expected to pay out A$7,322 per capita in 2019, growing to A$7,977. NZ, on the other hand, is forecast to go from A$5,573 per head to A$6,489.

On mental health, Australia forked out around A$9.1bn exclusively on these services reaching 4.2m citizens last year. NZ is planning on spending A$45.1m in 2019 with a total of A$428m by 2023/24 to hit 325,000 people on frontline services for mental health. While the move is a positive one, NZ will allocate A$1.78bn to mental health as a whole over 5 years. On an annualised basis, Australia will still allocate 5x the NZ amount to mental health per capita. So much for wellbeing.

On education, NZ plans to increase per capita spending 7.9% between 2019 and 2022 whereas Australia will lift it 12.5% over the same period. NZ spends around 2x Australia per capita on education although PISA scores between 2006 and 2015 are virtually identical (and both heading south)

On public housing, Ardern can claim a victory. Australia is expected to cut spending per capita from A$240 in 2019 to A$194 in 2022 when NZ will go from A$137 to A$282. Although let’s hope Ardern has more success than her KiwiBuild policy. The Australian’s Judith Sloanrightly pointed out,

“Ardern also has stumbled with other policies, most notably KiwiBuild. The pledge was to build 100,000 additional affordable homes by 2028.

It has since been modified to facili­tation by the government to help build new homes. Moreover, the definition of afford­ability has been altered from between $NZ350,000 ($340,000) and $NZ450,000 to $NZ650,000.

What started off as an ill-considered public housing project has turned out to be an extremely unsuccessful private real estate scam. The government estimated that there would be 1000 homes built last year under KiwiBuild; it turned out to be 47.”

Good news KiwiBuild has made it to 250.