Coal needs to be consigned to the scrap book says former executive director of the United Nations Framework Convention on Climate Change

These issues get reported in mainstream media but are falling on the deaf ears of monumentally ignorant Turnbull Government minsters, senator and MPs.

ABC News, 27 November 2017:

The woman who led the world to a global climate change agreement has a message for Australia: "You really do have to see that we are at the Kodak moment for coal."

Christiana Figueres, until last year the executive director of the United Nations Framework Convention on Climate Change, doesn't mean happy snaps for the family album.

Rather, the decimation of the once dominant photographic company Kodak by digital change — in the same way that coal-fired power is being eclipsed by renewable energy.

She hopes to see coal, like those sentimental moments in time captured in photographs, confined to history — with the world remembering the contribution the fossil fuel has made to human development, while recognising the need to retire it as a fuel source because of its contribution to global warming.

And, she says, it's happening.

"The fact is that we are already seeing the decline of coal, we are seeing more and more countries phasing out of coal," Ms Figueres, who is based in London, told the ABC.

"We just had 25 countries come together [at the latest international climate change talks] in Bonn to say that they are moving out of coal in the short term.

"That does not include Australia or India or China, but you can begin to see the trend…..

Which makes arguments that India needs the coal from Adani's planned mega-mine in North Queensland — and the Federal Government's determination to see the mine ahead — baffling to Ms Figueres.

The Government's Northern Australia Infrastructure Facility, or NAIF, is considering Adani's request for a subsidised loan of up to $1 billion to help it build a railway to connect the Carmichael mine in outback Queensland to the Abbot Point Coal Mine near Mackay, which Adani also owns.

By law, the NAIF is not permitted to make loans for projects that would damage Australia's international reputation.

Earlier this month, Ms Figueres wrote to the NAIF arguing that providing such a loan for a project that would significantly add to greenhouse gas emissions would do just that.

"I wrote to NAIF because I am very concerned about the fact that NAIF could still be considering giving a concessional loan to the Adani Group to allow them to extract profitably from the Carmichael coal mine and transport that coal all the way to the Abbot Point Coal Terminal," Ms Figueres said.

"First of all, it has huge environmental impacts. The more coal we burn, the further away we are going to be from the targets established in the Paris agreement [to keep atmospheric temperature rises well below 2 degrees above pre-industrial levels].

"But also, the more coal we burn around the world, independently of where it is going to be burned, the more negatively we are affecting public health.

"Now we have this issue of the Carmichael coal mine which, if it goes ahead, would frankly blow completely out of the water any emissions reductions that Australia has committed to.

Tweet of the Week

Josh Frydenberg: Jimmy Barnes came to Port Kembla to make the film clip for Working Class Man. Today the Prime Minister has come to Port Kembla to create jobs for Australia’s working class men and women.

Jimmy Barnes: pic.twitter.com/zog9FK21Xm

— Charles Croucher (@ccroucher9) November 27, 2017

Quotes of the Week

"All I'm thinking about now is things I'm going to do on my own farm to be quite frank" [ Nationals candidate in New England by-election and former Deputy Prime Minister until High Court revoked his election, Barnaby Joyce, on receiving a $40,000 cheque from mining magnate Gina Rinehart, 21 November 2017]

“As he was handed an oversized cheque on stage, Mr Joyce's first response was; "Holy Dooley. Rightio".”   [The Financial Review, 22 November 2017]

“Barnaby Joyce won't accept a $40,000 cheque gifted to him by Gina Rinehart after it sent shock waves through agricultural circles.”  [SBS News, 23  November 2017]

“Barnaby Joyce has defended his actions in initially accepting a $40,000 “dirty big cheque” from mining magnate Gina Rinehart, and said it was a surprise.” [The Australian, 24 November 2017]

Yaegl Traditional Owners Aboriginal Corporation expressing their opposition to a proposed cruise ship terminal at Yamba

The following media release was sent to NSW Minister for Maritime, Roads and Freight Melinda Pavey by way of her Twitter account at 7:15pm on 30 November 2017.

See https://twitter.com/NTSCORP_NSW/status/936145703474098176

Ntscorp Ltd 

Please see the following Press release from the Yaegl Traditional Owners Aboriginal Corporation expressing their opposition to a proposed cruise ship terminal at Yamba.

Press release

The Yaegl Traditional Owners Aboriginal Corporation RNTBC wish to respond to recent media reports about a proposed cruise ship terminal at Yamba, which is part of the draft Future Transport 2056 Strategy. Yaegl People are concerned about the lack of consultation that has occurred with the Corporation and the potential damage that the proposal will cause to significant sites.

The Yaegl Traditional Owners Aboriginal Corporation RNTBC does not support the construction of a cruise ship terminal at Yamba. The Yaegl People’s native title rights to the land and waters within the lower Clarence River, as well as over much of the land within their traditional country, was recognised by the Federal Court of Australia on 25 June 2015. The Yaegl People’s native title rights over their sea country was recognised by the Federal Court in 31 August 2017.

Any activities which may impact on the exercise of native title rights must be properly notified in accordance with the Native Title Act 1993 (Cth), and native title holders must be afforded certain procedural rights, including rights to comment, rights to be consulted and rights to negotiate.

The Yaegl Traditional Owners Aboriginal Corporation RNTBC is concerned that to date, no-one has approached the Corporation to discuss the proposal.

The Chairperson of the Corporation, Billy Walker, said ‘It appears as though decisions such as the construction of a cruise ship terminal, are being considered without any attempt to engage with or consult The Yaegl Traditional Owners Aboriginal Corporation RNTBC. The Corporation is responsible for ensuring that the Dirrungan, one of Yaegl People’s most significant sites, at the mouth of the Clarence River, is protected. There are also other sites of significance to the Yaegl People within the Clarence River, which would be damaged by the proposal.’

The recent Yaegl People’s native title determination over sea country included increased protections for the Dirrungan, including a 350 metre buffer zone to protect the Dirrungan from developments such as the cruise ship proposal.

The Corporation’s Office Manager and Yaegl man, Michael Randall, said ‘We haven’t been consulted yet. We have native title rights over the land and waters at the mouth of the Clarence River, including extending out to sea. It’s a requirement that we be consulted. We are opposed to any actions which might damage the Dirrungan. The State Government has agreed through our sea determination to protect the Dirrungan from destruction.’

Media contact: Michael Bennett (DM via NTSCORP Facebook)

Australians with lower incomes are dying sooner from potentially preventable diseases than their wealthier counterparts

The Conversation, 28 November 2017:

Australians with lower incomes are dying sooner from potentially preventable diseases than their wealthier counterparts, according to our new report.

Australia’s Health Tracker by Socioeconomic Status, released today, tracks health risk factors, disease and premature death by socioeconomic status. It shows that over the past four years, 49,227 more people on lower incomes have died from chronic diseases – such as diabetes, heart disease and cancer – before the age of 75 than those on higher incomes.

A steady job or being engaged in the community is important to good health. Australia’s unemployment rate is low, but this hides low workforce participation, and a serious problem with underemployment. Casual workers are often not getting enough hours, and more and more Australians are employed on short-term contracts.

There’s a vicious feedback loop – if your health is struggling, it’s harder to build your wealth. If you’re unable to work as much as you want, you can’t build your wealth, so it’s much tougher to improve your health.

Our team tracked health risk factors, disease and premature death by socioeconomic status, which measures people’s access to material and social resources as well as their ability to participate in society. We’ve measured in quintiles – with one fifth of the population in each quintile.

We developed health targets and indicators based on the World Health Organisation’s 2025 targets to improve health around the globe.

The good news is that for many of the indicators, the most advantaged in the community have already reached the targets.

The bad news is that poor health is not just an issue affecting the most vulnerable in our community, it significantly affects the second-lowest quintile as well. Almost ten million Australians with low incomes have much greater risks of developing preventable chronic diseases, and of dying from these earlier than other Australians.

Read the rest of the article here.

Pressure mounted in Australia for a royal commission into banks and Turnbull caved

It would appear that some federal government MPs and senators are becoming nervous about their party’s chances at the next general election and are looking for ways to appease the electorate.

So the politically insecure Australian Prime Minister and former merchant banker Malcolm Turnbull announced a Royal Commission into the alleged misconduct ofAustralia’s banks and other financial services entities in order to appease theses nervous nellies on his backbench.

Having been dragged kicking and screaming to this point Turnbull has made quite sure that the carefully worded Terms of Reference hides a scorpion with considerable sting in its tail:

1. c) the use by a financial services entity of superannuation members’ retirement savings for any purpose that does not meet community standards and expectations or is otherwise not in the best interest of members;

This opens the door for a sustained assault over the twelve months this commission is sitting aimed directly at the sixteen industry-based superannuation funds.

These low-fee super funds are supported by Australian unions and, it is no co-incidence that eight of the top 10 list for the 10 years to 30 June 2017 are industry funds.

Industry superannuation funds which the Turnbull Government wants to see transferred to the control of the big four banks.

No wonder the banks are now in favour of this royal commission.

It is being observed in mainstream media that; It is noteworthy that the letter to Morrison from the big four bankchairmen and CEOs seems to have been used as the template for the royalcommission announcement.

Brief Background

ABC News, 28 November 2017:

The calls for a full inquiry have been relentless for years, emanating from a broad section of the community — from farmers, small business and households, jaded and disillusioned with the industry's rampant profiteering, fee gouging and blatant disregard for the law.

How many times can a Commonwealth Bank chairman sincerely apologise for a yet another breach of trust? What, pray tell, will be the cause of next year's?

But the overwhelming reason for an inquiry rests on just one principle — accountability.

What has been forgotten in the endless round of scandals in recent years is that the Australian banking sector is a taxpayer subsidised industry.

It's an industry that pays ridiculously bloated salaries to its leaders; that showers itself with massive bonus payments when profits are soaring but instantly demands taxpayer protection and support when the tide turns. More on that later.

A summary of bank transgressions during the past decade compiled by former Deutsche Bank analyst Mike Mangan at https://assets.documentcloud.org/documents/4310476/A-Summary-of-Bank-Transgressions-During-the-Past.pdf.

The Guardian, 28 November 2017:

A majority of Australians would support a royal commission into the banks, with this week’s Guardian Essential poll showing 64% in favour, including 62% of Coalition supporters.

With Barnaby Joyce holding out the prospect that the Nationals might formally support an inquiry into the banks when the party room meets next week, and with dissident parliamentary numbers for the proposal building, the new poll finds public support for a banking royal commission has stayed constant for two years.

Support is highest among Labor voters at 72%, and people intending to vote for someone other than the major parties (71%), but there is also clear majority support among Coalition voters and Greens voters – 62%.

ABC News, 28 November 2017:

It seems inevitable that a bill calling for a wide-ranging inquiry into banks, insurers and superannuation providers would pass the Federal Parliament, after another Nationals MP pledges support for it.

Llew O'Brien is one of the fresher faces in the 45th Parliament, but he has parachuted himself into the political spotlight by confirming he would back the proposal from Nationals Senator Barry O'Sullivan.

Mr O'Brien gave his support on the condition the inquiry investigate discrimination by financial institutions against people with mental health problems.

The Australian, 24 November 2017:

Liberal National Party senator Barry O’Sullivan will move a ­motion in the Senate next week to establish a powerful probe into the financial services sector, staring down government opposition and criticism from former prime minister John Howard.

Senator O’Sullivan yesterday hit back at Mr Howard’s labelling of his proposed bank probe as “rampant socialism” after circulating a draft bill to establish a commission of inquiry into the banking sector.