NSW (and a lot of Australia) is a closeted corner of the world where electronic news can take decades to arrive. The electrons themselves make it downunder in 150 milliseconds or so, but the message may never make it past the ABC-Fairfax filter. Apparently the highest office in NSW wants to emulate California. It’s like it’s 1994.
“When it comes to clean energy, we can be Australia’s answer to California.”
– Rob Stokes, NSW Environment Minister.*
Maurice Newman sets him straight in The Australian.
In short – companies are fleeing from a green California to Texas where electricity is half the price. For some reason jobs, profits, products and opportunities are following the energy. California’s unemployment rate is 7.4%. Texas’ is 5.1%.
California dreaming is nuts in NSW
“The NSW government must also be oblivious to the steady exodus of Californian businesses and jobs. Companies like Toyota, which after 60 years has moved its US headquarters to Texas, or Occidental Petroleum, which after 50 years has left for Houston. Chevron is next. Other stalwarts like ARCO, Getty Oil, Union Oil, Fluor, Calpine and Intel have all moved in search of a more business friendly environment and [...]