Guest essay by Eric Worrall
The global academic and mainstream media campaign for Covid-19 recovery funds to be spent on useless green energy projects just received a major setback.
Coal can power the restart, not divestment: Pitt
Peter Ker
Resources reporterMay 6, 2020 – 12.01amFederal Resources Minister Keith Pitt has lashed the ”misguided” lenders that have vowed to abandon coal, saying new mining and energy projects will be crucial in waking the economy from its coronavirus slumber.
Mr Pitt urged lenders to act in the best interests of their “bottom lines” and shareholders, saying Australia needed to get as many resources projects into development as possible.
He said this included further thermal coal mines in Queensland’s Galilee Basin, where Adani is building the $2 billion Carmichael project.
…
”Every single job in the future is critical and needs to be delivered, so whatever we have in our project list, we need to get over the line, functional, operational, and paying Australians to go to work,” he said.
”Adani is another great project for Australia as we move into an economic recovery phase from COVID. We are going to need more Carmichael mines and other resource developments to get us back to a pre-COVID footing.
”It is disappointing that some banks and financial institutions continue to indicate their intention to withdraw support for our resources sector through misguided ideological reasons to appease green shareholder activists. I would strongly encourage them to look to their bottom lines and act in the best interests of all shareholders.”
…
Read more: https://www.afr.com/companies/mining/coal-can-power-the-restart-not-divestment-pitt-20200505-p54psp
We like Aussie Federal Resources Minister Keith Pitt.
Keith Pitt consistently speaks out against the cost of green energy, and the damage high cost green energy is doing to businesses and jobs in his district. Pitt is a consistent supporter of coal and nuclear power. In 2018 Pitt resigned his post as a minister in Scott Morrison’s government, denouncing his own party’s commitment to the Paris Agreement. Keith Pitt was appointed resources minister in the Scott Morrison government in February this year.
In the last Australian federal election Keith Pitt’s vote went up 6.1%. Most of the votes Pitt gained were lost by the Australian Labor Party, which campaigned on climate issues, and their plans for hard carbon targets.
Before he entered politics Keith Pitt was a power engineer, so he is one of the few politicians in Australia who knows how to do the math. He has the personal expertise to see straight through the lies of the renewable energy industry.
Brilliant.
Thanks.
Good to see that governments have rational people like Pitt.
I will post the link to this wuwt item on the rafe champion blog in oz.
Catallaxyfiles.com if I spelled it right.
Rafe will love it.
We all like Federal Resources Minister Keith Pitt. Keith Pitt was a power engineer, and one of the very few politicians anywhere who knows how real electrical power works. He can do the maths and see right through the ‘renewable’ energy industry bullshit. He sees the way out of the Coronavirus Shutdown Disaster.
Excellent! Resource Minister Keith Pitt speaks directly to the deluded and greedy with the voice of an experienced energy engineer. May his guidance be heeded across Australia!
You’ve got me IMac – sarcasm detector either too sensitive or not working.
Minister Pitt is being ignored entirely by the abc
as always
theyr e busy running idiots and sob stories about restarting the world…wwtf?
in a nice clean green system like more wind n solar
facepalm
right now all day I doubt any turbines are turning winds are huuuuge and savage gusts
SA n Vic are gettng what dropped the grid n damaged WA yesterday
If Australia doesn’t take the opportunities created by the coronavirus we will be heading down the same economic road that Venezuela created for themselves – resource rich, devastatingly poor. And we’re very competitive so will set a new world record – from first world economy to third world in a blink.
Not one more wind or solar farm should be built – whether approval has been granted or not. The components are Chinese, the companies are mostly Chinese (often State owned), the investors are mostly Chinese, apart from former PM Turnbull’s son Alex. All subsidies ended, all Power Purchasing Agreements ended, all carbon trading crap ended.
While we’re at it we put a time limit on all the agricultural land, ports, water licences and other sovereign assets our foolish government has allowed the Chinese government to acquire. That’s not foreign investment, that’s foreign ownership of our nation by a not always friendly foreign power.
agree totally
I was stunned to read theyve allowed hug gis of water allowance to OS chinese corps.wtf? were they thinking?
NOT thinking obviously
and the buckpassing its not my dept stunt is in full swing!
new anti investment regs dont cover it neither do all the others suposed to control/allocate water
really smelly pile being exposed
“The components are Chinese, the companies are mostly Chinese (often State owned), the investors are mostly Chinese … ”
So if all subsidies are removed and everything’s done free-market style it will cost China money? Isn’t that what is commonly known as a win-win?
Be more like China – Burn Baby Burn!
Can Britain buy him from Oz please? He’d explode quite a few heads across the political spectrum and the MSM but it’s what we need. What’s his transfer fee?
+100
I think we’ll have to pay more than that.
I have talked to my MP over the years about thias. He is now Energy MInister, soI went and explaiend again in his local surgery. He can’t change policy, only make it happen, and doesn’t see the problem, in wasting tens of billions pa to satisfy green voters over a couple of decades. THis has nothing to do with CO2 reduction or electrical engineering, which none of the current MPs even understand, its just pc posturing and vote getting. And a lot of the politicians who pass the laws end up making fortunes on grateful renewable company boards after leaving office, or even going to jail (ex con Huhne walked out of jail into a job running the woodchip US based supplier to DRAX). Wattsupwiththat?
The way to end it is to make it electorally damaging
He had better get a move on though. Russia has plans on being the major coal exporter within the next decade. Their target is the same as should be Australia’s – the new coal-power stations in S.E.Asia.
For best pollution reduction, Australia should sell all the coal that it can to China. Chinese coal is high-sulphur which leads to smog, acid rain, and general respiratory discomfort. Australia has low-sulphur coal.
China recently bought a high quality coal mine in Australia. They are likely to run it with Chinese workers. We’ll sell anything, they cut out the middle man.
Another example, Korea bought 1,000 hectares of arable farmland near us and are proposing to build a solar farm. Not a large example, but one of many. This developer would have been subsidised by our government, they will sell it to an overseas concern once it’s been commissioned. There are no advantages to Australia, just future toxic waste. Won’t Paris be pleased.
Here in Australia, I keep the daily data for all the wind power across the vast AEMO coverage area, just to show how little it actually does generate. Wind generation had the two largest days for power generation in its history last Friday and then on Saturday, and it wasn’t just the biggest, it was far and away the hugest.
On Friday across the whole day, it averaged 4415MW, and Saturday it was 4297MW.
That’s from a Nameplate of 6960MW.
So, on it’s best day EVAHH, that was at a Capacity Factor (CF) of 63.43%. (Friday) and again, best day ever, and that was 18% of power generation from every source in the Country.
That’s actually a little more than double the year round and long term average for wind power, for power generated, average, and CF.
So, many many billions of dollars spent, and all it can manage is an average of 2088MW, and that year round average is a tick over 29%. Many many billions of dollars spent, and it averages less than ONE large scale coal fired power plant, and from a Nameplate of 3.5 coal fired power plants.
See why they use Nameplate and not actual generated power.
And then on Monday all that Nameplate could only manage an average across the whole day of 670MW, at a CF of 9.63%.
Pitiful.
Tony.
Tony,
If you want to see wind at its finest, look at how much it is generating in the UK today currently less than 1 MW with a nameplate capacity of over 22 MW installed.
Yesterday was equally as impressive and the month of April was so typical of wind energy unreliability, it will go down in history.
If you want to know where not to spend state funds, look no further than wind energy.
On the plus side the sun is shining!!
Go to gridwatch.co.uk for details.
Sorry my typo GW not MW though for all the use they are it might as well be MWs.
You can see the graph here:
https://www2.bmreports.com/bmrs/?q=generation/windforcast/out-turn
A couple of hours ago it hit a minimum of 525 MW
A few days ago it hit a minimum of 152 MW, essentially zero.
What a joke. Although deluded about climate change, Michael Moore is spot on when it comes to unusables – sorry, I meant renewables.
Chris
Be quite nice if we had a meter graphic on WUWT for wind and solar in OZ UK and US . 100% is when generating nameplate power. It would be there for all to see just how useless it is.
What he should have said was
ONLY coal can power the restart. !
Brilliant! Some brave souls are speaking up publicly against the cabal!
Of course, only coal can re-start the economy. IN the long term nuclear if you are concerned about the life giving gas called CO2.
Common sense, like gold is unevenly distributed in Australia as elsewhere. This is the mother load.