Freshly printed money being inspected. Source MoneyFactory.gov

Aussie Coal Miners Demand Compensation for when Net Zero 2050 is Declared

Guest essay by Eric Worrall

Coal miners are demanding handouts when the $50 billion / year export earning pits are closed, coal plants are receiving handouts to stay open, to stabilise the grid, renewable operators are demanding handouts and special treatment to build more renewables. One question nobody is asking, where is all the money supposed to come from?

‘We don’t want to be collateral damage’: Coal country concerns grow as climate reality hits

By Maeve McGregor
August 30, 2021 — 5.00am

For more than 25 years, Mark Richards worked at the coal-fired Hazelwood Power Station in Victoria’s Latrobe Valley until it closed in 2017.

Mr Richards said the majority of his co-workers, family and friends acknowledged the reality of climate change. However, they also feared that they increasingly would be saddled with the “heavy lifting” for climate change through job losses and economic sacrifice.

The survey of 15,000 Australians, commissioned by environment organisation the Australian Conservation Foundation, was conducted by research company YouGov in July to shed light on whether voters believe Australia should do more to reduce carbon emissions.

The results suggest Australians overwhelmingly believe the federal government is doing too little to address climate change.

Mr Richards said federal and state governments needed to ensure “genuine replacement industries” existed for people who would lose their jobs as a result of coal-fired power station and mine closures.

“We need bipartisan support for climate change policy which includes factoring in jobs for communities who have had their livelihoods displaced by climate change,” he said.

Read more: https://www.smh.com.au/environment/climate-change/we-don-t-want-to-be-collateral-damage-coal-country-concerns-grow-as-climate-reality-hits-20210829-p58mvw.html

Only an economic illiterate could think Australia, right now, could afford to abruptly shut down coal. At 11% of export earnings, coal is a major pillar of the export earnings which are keeping our currency afloat.

So why would globalists want so badly to damage Australia’s export earnings?

The answer in my opinion is very simple – its a smash and grab raid, on Australia’s mineral wealth.

Australia produces 37% of the world’s iron ore, more than double our nearest rival Brazil.

Iron ore is currently very expensive, down from its July high, but still near the top of historical price ranges. Part of the reason China is so interested in Afghanistan, is Afghanistan has one of the few large untapped iron ore deposits in the world, and for China this glittering pile of mineral wealth is just over the border. But to say China is having big difficulties exploiting Afghanistan’s iron ore resources would be an understatement.

Smashing Australia’s coal industry might be a more immediate path to lowering the global price of iron ore.

First, smashing coal exports could destabilise Australia’s currency, driving down the real value of Aussie miners’ wages.

Second the collapse of the Aussie coal export industry would release a significant number of skilled coal miners on to the market, who would compete with workers currently in the iron ore and other mining industries, further driving down mining wages.

Thirdly if government resource revenues are disrupted, Australia could have more trouble servicing foreign owned public debt – especially with everyone involved demanding more handouts from the Australian Government. Distressed debtor countries are more willing to make sacrifices, like cutting very favourable deals with foreign mining companies, in exchange for debt renegotiation.

Of course, if renewables advocates succeed in building a green hydrogen export business or whatever to rival Australia’s coal exports, that would completely change the dynamic. But so far this is all talk. The renewables industry is apparently expecting the Aussie government foster the industry, which once you translate the PR gibberish probably means they want even more handouts.

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Mr.
August 30, 2021 6:13 pm

Why wouldn’t the coal miners union just get investments to buy out the coal mines owners, and make all the coal miners shareholders?

They’d be making big buck$ for ever more.

Reply to  Mr.
August 30, 2021 8:08 pm

the Marxists want to drive the capitalists to bankruptcy then seize all the energy assets under State central control. Coals companies are being played straight out of Atlas Shrugged.
That novel,like 1984 where the dystopian outcome is already set, is being used as an instruction manual for the Marxists on how to get to Ingsoc and Big Brother.

And just the Communist Chinese, the Marxists once in total control really won’;t care one iota about emissions. Climate change really is nothing but the Marxist’s Trojan Horse.

griff
Reply to  Joel O'Bryan
August 31, 2021 12:30 am

a fiendish plot of insane complexity !

Bryan A
Reply to  griff
August 31, 2021 6:15 am

Fiendish plots of insane complexity are often the tools of government takeovers as the simple minded hoi polloi can’t fathom it’s depths

August 30, 2021 6:16 pm

Most of the greens are socialists, who understand economics about as well as my cat understands doorknobs.

Zig Zag Wanderer
Reply to  Tom Halla
August 30, 2021 7:25 pm

Now, now, let’s not insult cats!

As an aside, I did come across one cat that had learned to jump up on the porch windowsill and press the doorbell to be let in…

griff
Reply to  Zig Zag Wanderer
August 31, 2021 12:30 am

The cats are really running things…

Bryan A
Reply to  griff
August 31, 2021 6:18 am

Cats understand Door knobs

Far better than Greentards understand economics

griff
Reply to  Tom Halla
August 31, 2021 12:29 am

nonsense. The UK govt and German govt are both centre right and have green policies, for example

Zig Zag Wanderer
Reply to  griff
August 31, 2021 1:42 am

Anything to the right of Stalin is ‘centre right’, or ‘right’ to a socialist. Anything right of centre is ‘extreme right’.

They think the world revolves around them, including the political spectrum.

Reply to  griff
August 31, 2021 4:49 am

Center right only by European standards. Johnson and Merkel are both to the left of Biden.

Oldanalyst
Reply to  griff
August 31, 2021 3:57 pm

In any world but yours, green energy policies preclude the ability to describe a government as center/right. Fossil fuel is the lynchpin of civilization. Cheap energy has lifted billions out of poverty and will lift billions more. Substitutes are so poor that countries that embrace them must maintain two power grids to offset the gross inefficiencies and intermittencies of wind and solar. Any society that still embraces the climate change scam will live to regret it.

August 30, 2021 6:38 pm

Here we go with handouts all around, Wind Turbines, Solar Plants, Coal powered generators, Gas powered generators, coal miners, coal mines, electric cars, there is not any end to the widening largesse and you, yes, you the taxpayer will be paying for all of it. All of it is for an unproven theory that CO2 is controlling weather and not the reverse.

griff
Reply to  nicholas tesdorf
August 31, 2021 12:29 am

for an absolutely proven impact of CO2 on world climate, I think you mean.

Patrick MJD
Reply to  griff
August 31, 2021 12:40 pm

Evidence please.

Oldanalyst
Reply to  griff
August 31, 2021 4:03 pm

Of course, we can all agree that the impact of CO2 is minor and the temp changes that are taking place are minor also. Warm is better. Cold kills. Anyone that wishes to avoid the impact of a warming planet can move 150 miles north and offset the next 100 years of warming. Me, I threw caution to the wind and moved SOUTH from NJ to VA. Exposed myself to the dreaded 1.5 degree temperature increase. LOL.

Joao Martins
Reply to  nicholas tesdorf
August 31, 2021 2:10 am

“All of it is for an unproven theory that CO2 is controlling weather”

Correction:

All of it is for an unproven theory that CO2 is humans can controlling weather the climate.

Thomas Gasloli
August 30, 2021 6:40 pm

Well, as Maggie Thatcher said, “socialism is a lot of fun until you run out of other people’s money”.

Out elites are trying to see how quickly they can make them happen.

Zig Zag Wanderer
Reply to  Thomas Gasloli
August 30, 2021 7:26 pm

But these days, you can apparently just keep printing money anyway. The bill never comes due according to modern monetary theory.

Rod Evans
Reply to  Zig Zag Wanderer
August 30, 2021 11:35 pm

The Zimbabwe authorities fell for that flawed modern monetary theory too.
The result was they ended up using real money printed by the USA once theirs had become less valuable than the paper it was printed on.

Ken Irwin
Reply to  Rod Evans
August 30, 2021 11:58 pm

Yes indeed – I have a one hundred trillion dollar note – pinned to my note board.
Zim dollars of course – its worth about U$1 as a collectible.

100-trillion-zimbabwe-dollars.jpg
Oldanalyst
Reply to  Ken Irwin
August 31, 2021 4:04 pm

It could double.

Duker
Reply to  Thomas Gasloli
August 31, 2021 12:12 am

Maggie Thatcher also said global warming is coming…

Disputin
Reply to  Duker
August 31, 2021 4:15 am

Yes, but when?

Ken Irwin
Reply to  Duker
August 31, 2021 6:23 am

After being held to ransom by OPEC and the coal miners, Margaret Thatcher used this spectre of global warming as a Machiavellian ploy to try and engender support for the building of more nuclear power in Britain – and was instrumental in having the IPCC set up to address the issue. (The ploy failed and Margret Thatcher was to later ridicule the entire concept as “the doomsters favourite subject”.)

The complete quote is interesting:-

“The doomsters’ favourite subject today is climate change. This has a number of attractions for them. First, the science is extremely obscure so they cannot easily be proved wrong. Second, we all have ideas about the weather: traditionally, the English on first acquaintance talk of little else. Third, since clearly no plan to alter climate could be considered on anything but a global scale, it provides a marvellous excuse for worldwide, supra-national socialism.” ― Margaret Thatcher

Ian Smith
August 30, 2021 7:08 pm

People who have invested time and money in degrees, training, certification and equipment in roles for the mining, oil and gas should all be due compensation.

Zig Zag Wanderer
Reply to  Ian Smith
August 30, 2021 7:28 pm

Nah. We’re going to be mining resources for a good long time, despite what some people like to imagine.

Lrp
Reply to  Eric Worrall
August 30, 2021 7:58 pm

Maybe they should put up a real fight instead of sticking out their hand for government handouts. It’s too common these days in Australia for people, too many of them, to ask for government handouts and to conveniently forget that they’re asking for other people’s money.

Dennis
Reply to  Lrp
August 30, 2021 8:20 pm

And the growing army of public servants, now referred to as government employees, claim they too pay taxes, and they do, but the taxes they pay are a return of private sector taxpayer’s monies used to pay public servants to government account.

Effectively public servants, and including the ones that have meaningful jobs, are supported and the tax they pay adds nothing to new revenue.

Lrp
Reply to  Dennis
August 30, 2021 9:14 pm

I’m well aware of that, as I have some in my family and that’s the standard reply I used to get whenever discussing budgets and taxes.

Zig Zag Wanderer
August 30, 2021 7:22 pm

One question nobody is asking, where is all the money supposed to come from?

I can’t help feeling that a mirror would come in handy at this point…

Dennis
Reply to  Zig Zag Wanderer
August 30, 2021 8:21 pm

If it could reflect through the smokescreens.

Jeff Alberts
August 30, 2021 7:38 pm

First, second, and thirdly? You know that sort of lackadaisical wording can cause the universe to pop out of existence, don’t you?

Jeff Alberts
Reply to  Eric Worrall
August 31, 2021 9:36 am

Ah, but the universe knows Biden isn’t all there. So it disregards his… I hesitate to call them sentences.

markl
August 30, 2021 7:44 pm

In an era where people demand compensation for living why not?

Dennis
Reply to  markl
August 30, 2021 8:22 pm

No, Centrelink clients are paid a “wage”, I have heard reference to “pay day”.

I wonder how many think about where the money came from, meaning private sector free enterprise taxpayers?

Izaak Walton
August 30, 2021 7:49 pm

That is a fairly far-fetched and impressive conspiracy theory. If I have it correct, Chinese steel makers are deliberately engaged in fostering mistaken beliefs in climate change in the Australian population to get them to shut down coal mines thus causing coal miners to go and work mining iron instead thus reducing wages and the price of iron (despite the fact that the price is set internationally by global demand not local wages).

I can’t help but think if Chinese steel makers are smart enough to pull that off they would be smart enough to find a lot of simpler ways to increase profits, starting with increasing prices for example.

Dennis
Reply to  Izaak Walton
August 30, 2021 8:24 pm

Meanwhile in China, and other countries receiving foreign aid from that “developing nation”, coal fired power stations continue to be constructed and commissioned and “emissions” increase from China alone by a lot more than the total emissions from Australia every year.

Climate hoax?

Lrp
Reply to  Izaak Walton
August 30, 2021 9:20 pm

They’ve already done that; they’ve cornered the manufacturing market and they’ve already increased prices on essential manufactured goods. The next step is indeed putting downward pressure on suppliers to increase their profits even further.

griff
Reply to  Izaak Walton
August 31, 2021 12:27 am

Exactly.

None of these conspiracy theories survive close scrutiny…

and they conflict!

Is it a capitalist elite forcing the plebs into cities which drives renewables? Or the same capitalists making money? Or old soviet communists bringing down the West by alternate means? Or Chinese communism/nationalism?

Patrick MJD
Reply to  griff
August 31, 2021 12:39 pm

“griff

None of these conspiracy theories survive close scrutiny…”

Neither does AGW.

Mark Kaiser
August 30, 2021 8:01 pm

One question nobody is asking, where is all the money supposed to come from?

Remember enough handouts = Communism. The end goal.

Dennis
Reply to  Mark Kaiser
August 30, 2021 8:27 pm

Yes, like the USSR Communists and fellow travellers in China, after watching the increasing wealth of the USA and other free enterprise system economy nations the Communists decided to allow free enterprise, but controlled and managed, only comrades need apply to participate.

Duker
Reply to  Dennis
August 31, 2021 12:15 am

Not really communism anymore , but they kept the Leninist -Party-State Running it all.

Waza
August 30, 2021 8:32 pm

Supply and demand.
If Australia’s main coal buyers China, Japan, Korea, India and Taiwan decide not to buy. What will they use? Uranium? thorium?
Guess what we have both.

Serge Wright
August 30, 2021 8:44 pm

The survey would appear to have little merit when you consider the results from the last election, which showed stubborn resistance from the rural communities. My guess is that in the next election we will see a large voter drift to minor conservative parties which will hopefully hold the balance of power in the senate.

Dave Fair
Reply to  Serge Wright
August 30, 2021 9:35 pm

Note the survey respondents wanted government to do more. They seem not to realize they pay the government, or the economy at large does so. Feel good surveys go south when people are asked how much THEY are willing to pay.

Chris Hanley
August 30, 2021 8:48 pm

The only motive behind articles like the one in the link above is to try to put such an insane idea on the agenda, to shift the so-called Overton window of opinion aka ‘the window of discourse’ (Wiki).

Last edited 28 days ago by Chris Hanley
Voltron
August 30, 2021 9:07 pm

The old “we found a think tank to find a group of people who traditionally agree with us to prove we are right”.

Ask other parts of Australia and you’ll find overwhelming amounts of people who say Australia needs to do less/nothing about climate change

August 30, 2021 9:10 pm

If you want to own the wealth of another country, why go through the difficult and dangerous process of invading it when you can acquire its wealth by simply crashing the economy and buying its stock at a bankruptcy sale?

Chris Hanley
Reply to  Philip Mulholland
August 30, 2021 9:27 pm

Following that line of reasoning Maeve McGregor and her ilk, maybe inadvertently, are aiding and abetting a possible enemy.

Duker
Reply to  Philip Mulholland
August 31, 2021 12:26 am

China won’t be invading anyplace – outside Taiwan- anytime.
They will run the Hanseatic League method of sticking with the trade aspects only.
It’s forgotten now but the Hansa had a trading Post in the centre of London, which was self governing(the Kontor) for some centuries. Linked back to the other Hansa cities and Kontor
Perfect system for the 21st century for china

Ken
August 30, 2021 9:26 pm

Coal country concerns grow as climate reality hits”
What garbage!
What is the so-called climate reality?
People who make these types of comments are the brainwashed, victims of the CAGW crowd’s propaganda machine.
There is no climate crisis.
There is no climate ‘reality’.
It’s about time the MSM started to report the real evidence to the mainstream audience
to convince them of the lack of crisis and emergency.

Dave Fair
Reply to  Ken
August 30, 2021 9:39 pm

“Climate reality” is people realizing they are getting screwed by the climate profiteers from both within and outside of government.

.KcTaz
August 30, 2021 9:39 pm

I have a question, please. I think it’s unarguable that Biden and the Dems in the US are trying to bring about our economic collapse but it will, I think, take awhile and, though, we’ve had some lockdowns over Covid, Red states have largely resisted and kept their economies going.
Aus., however, is a small country where their politicians seem to have embraced Lockdowns with a religious fervor that would put Evangelicals to shame (no offense meant to Evangelicals.)

Plus, Aus. seems hell bent on destroying its economy with idiotic renewables and the Climate Change nonsense. I’ve been wondering, how long can Aus. continue financially with the Covid madness and shutting down your major export industries and how are they managing to keep afloat?
Your politicians seem to have zero concern about how their actions are affecting the economy and tax income to the Treasury. Can someone explain this to me? Thank you in advance.

Jeff Alberts
Reply to  Eric Worrall
August 31, 2021 9:43 am

The only thing lockdowns do is delay the inevitable.

Last edited 28 days ago by Jeff Alberts
Oldanalyst
Reply to  Eric Worrall
August 31, 2021 4:11 pm

The debt is going a lot higher Eric.

griff
Reply to  .KcTaz
August 31, 2021 12:25 am

Of course it is ‘arguable’… because there is no actual evidence for your absurd proposition…

Oldanalyst
Reply to  .KcTaz
August 31, 2021 4:10 pm

I think you know the explanation but perhaps not the timing of the consequences.

griff
August 31, 2021 12:24 am

Renewables will meet 100% of consumer demand for electricity at certain times of the day by 2025 if large-scale wind and solar development continues at current rates, the Australian Energy Market Operator has said.

Aemo’s annual grid reliability snapshot, to be released on Tuesday, notes the penetration of renewable generation in Australia reached a record high of 57% twice in 2021 – in April and again in August.

If Australia’s power system is engineered appropriately, based on current trends “there could be up to 100% instantaneous penetration of renewables at certain times of the day throughout the year by 2025”, it says.

The report predicts that total existing and committed large-scale solar and wind capacity, as well as solar panels installed by businesses and households, will be almost 10 gigawatts greater by 2025 than today.

It predicts an additional 8.9 GW of distributed solar capacity will be installed by 2025 and “these solar systems alone could supply up to 77% of total electricity demand at times by 2026”.

Renewables could meet 100% demand in Australia at certain times of day by 2025, report says | Energy | The Guardian

Lrp
Reply to  griff
August 31, 2021 12:56 am

Only an idiot would want that, or a Guardian reader.

Joao Martins
Reply to  griff
August 31, 2021 2:16 am

Of course, the keywords are:

“could”, “at certain times of the day”, …

Disputin
Reply to  griff
August 31, 2021 4:24 am

If ifs and buts were candy and nuts…

Bryan A
Reply to  griff
August 31, 2021 6:30 am

So, renewables “COULD” meet 100% of demand at certain times of the day.
Likely Sunday from 10:30 local to 1:30 local. (When many people are attending services)
What about the other 80% of the time that day?
Or any other day for that matter.
100% of need being met 20% of the time is not something to brag about

ResourceGuy
Reply to  griff
August 31, 2021 11:01 am
Patrick MJD
Reply to  griff
August 31, 2021 12:37 pm

“griff

 August 31, 2021 12:24 am
Renewables will meet 100% of consumer demand for electricity at certain times of the day…”

What an idiot! Doesn’t live here! Australia is being shutdown! Systematically shutdown.

Oldanalyst
Reply to  griff
August 31, 2021 4:14 pm

Of course these same renewables provide virtually no power at other times like night for example. Also, stated capacity is only a fraction of 24 hour available output.

Jim Gorman
Reply to  griff
September 1, 2021 8:54 am

Here is what I think. For every MW of RE installed, the government should immediately fund the destruction of a fossil fuel plant, coal, gas, etc. No more namby pamby, wishy washy promises. Either the RE industry puts their ability to produce on the line or explain why. If they say they must have some backup provided by someone else, return their planning documents unopened.

Peta of Newark
August 31, 2021 1:06 am

Sorry people BUT:
Quote;”Mr Richards said the majority of his co-workers, family and friends acknowledged the reality of climate change”

THAT was and is THEIR mistake.
They should have demanded some actual proof. Real science and real evidence
But no,
They wimped out.
Like every student of Physics and Thermodynamics did when James Hansen switched off the air-con 30 odd years ago.

The Good Men Said Nothing and just look at the ensuing and rapidly expanding Train Wreck they set in motion

Coach Springer
August 31, 2021 5:58 am

If we pay the coal industry for shutdown, they will not mind being shut down. – Captain Obvious.

Patrick MJD
Reply to  griff
August 31, 2021 12:34 pm

You actually quote an article at the SMH? Give me 5 minutes as I want to put on my Playtex 24hr girdle and have a laugh!

Last edited 28 days ago by Patrick MJD
ResourceGuy
August 31, 2021 6:56 am

Invest in Indian coal and Indonesia and Columbia–that includes the Australian miners union pension fund. Investing in Chinese oil refineries is also a possibility since those mega refineries will be supplying Pacific rim markets soon enough.

griff
Reply to  ResourceGuy
August 31, 2021 12:23 pm

Have you ever looked at the Indian coal industry? Train wreck!

observa
August 31, 2021 8:07 am

“The results suggest Australians overwhelmingly believe the federal government is doing too little to address climate change.”

But that’s the point numb nut. They now expect Gummint (and Biz) to magically take care of it while they carry on with business as usual. It’s only when you ask them to make sacrifices or pay a carbon tax you’ll work that out. Meanwhile some ‘free’ LED globes insulation or rooftop solar subsidies and the like always go down well and make everyone feel good it’s all happening.

Patrick MJD
August 31, 2021 10:01 am

Net zero “carbon” emissions is just a clever accounting trick. Nothing more, nothing less.

RickWill
August 31, 2021 5:50 pm

The Random Energy industry provides the best possible scenario for Australia. It will provide endless demand for Australian resources. The RE extractors can never produce more energy than they require in their manufacture. They are an illusion of energy production.

While the woke nations push for more RE, the industrious nations like China will have ever increasing need for Australian resources. Australian mines are the most productive in the world producing the highest quality commodities at extraordinary high margins. It costs less than USD20/t to ship iron ore from Australia that sells for around USD200/t.

Australians should be right behind the push for RE. The longer the illusion lasts the better for Australia . Look at how the Australian current account has surged during the Covid era as Aussies have been trapped at home unable to spread their income on overseas holidays:
https://tradingeconomics.com/australia/current-account

Australia’s internal consumption of coal is insignificant compared with exports. China will never make wind turbines and solar panels from energy produced by wind turbines and solar panels.

It does not take an intelligent person to understand that if RE extractors were economic, China would be installing all their production in China, not exporting these resource hungry symbols of woke to woke nations. Why is China so supportive of the UN agenda on AGW.

The biggest threat to Australian and Chinese wealth is low risk, low cost nuclear.

very old white guy
September 1, 2021 6:41 am

Not to worry, China wants the coal and they will take it when needed. Of course the miners will still be working but not getting paid very much.

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