Blogotariat

Advocates of an expansion of Australian coal mining are constantly claiming that India is desperate for imported coal to supply urgently needed electricity. Leaving aside the Indian government’s stated determination to end coal imports in the next few years (at least for the large public sector), what’s happening to actual demand for coal-fired electricity. Undoubtedly, it was growing very rapidly until quite recently. The Indian government had grandiose plans for a fleet of “Ultra Mega” power plants UMPP, a couple of which actually got built.

Pacific Hydro looks to fund new wind, solar and hydro developments with multi-currency fund raising.

This idiot just never gets it: The man who vowed to financially support Adani’s Carmichael coal project while Premier of Queensland, Campbell Newman, says the Palaszczuk government’s inability to make a decision over the project was a “towering disgrace”. Mr Newman, who was Queensland premier between March 2012 and February 2015, and said the Labor

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Dalian is soft today: No obvious reason for it beyond good sense and the looming wipe out of Noble Group which may be forced into inventory liquidations!…Big Iron has eased: Big Gas is firm on OPEC: WPL and OSH look bullish on the charts but they’re still way overvalued assuming $65 oil. Big Gold is

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By Leith van Onselen ABC’s The Business ran a short segment last night on the “recessionary conditions” afflicting the retail sector, which is battling a killer combination of intense competition, tight profit margins and record low wages growth: Reporter: “The $300 billion retail sector is doing it tough. So tough that analysts say it’s facing

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Canberra Times Letters to the Editor this morning:"Labor joining the wrong clubs"I assume it was a coincidence that Chief Minister Andrew Barr launched the new government-friendly CFMEU Clubs Association on the day that submissions to the Legislative Assembly select committee inquiry into the establishment of an independent integrity commission closed.I don't know if it is just me but the Chief Minister's Trump-like response to Clubs ACT daring to oppose the government over the decision to give the casino poker machines does seem, at best, a tad petulant.Residents and community organisations are entitled to disagree with and to oppose the

From S&P: The number of delinquent housing loans underlying Australian prime residential mortgage-backed securities (RMBS) in March fell to 1.16% from 1.23% a month earlier, according to a recent report by S&P Global Ratings. Home loan arrears rose from 1.13% the same time a year earlier, but remained below the decade average for March of

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Supporters of Adani mine says coal crucial to solving poverty, but new report suggests new coal mines will only worsen climate change and drive poor nations deeper into poverty.

He’s a master at it but it’s getting hard: Confidence lifts for third time in past month Consumer confidence  Consumer confidence: The ANZ/Roy Morgan consumer confidence rating rose by 1.0 per cent to 110.5 in the latest week – the third rise in the past four weeks. Three rises in four weeks leading to…splat:

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Swiss voters back plans to provide subsidies for renewable energy, ban new nuclear plants and help bail out struggling utilities.

I’ve been waiting for more detail on this before reporting but it does not look good, via the BBC: Nineteen people have been killed and about 50 injured in a suspected terror attack at Manchester Arena. Police were called to reports of an explosion at the venue at about 22:35 BST following a pop concert

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By Leith van Onselen The Turnbull Government’s Black Economy Taskforce is expected to release its final report in October 2017. While its interim report estimated the cost of the cash economy to be about $25 billion, the head of the taskforce, Michael Andrew, now believes that the black economy is worth at least $35 billion

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By Chris Becker   So is risk back on as Trump signs deals with the Saudis, who look set to extend supply cuts to bolster oil prices? Perhaps, with US stocks rallying and Treasury yields rising as political turmoil stays off the US airwaves a little longer. Yesterday in China the Shanghai Composite had a bad

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