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Ships leave a trail of sulfur dioxide in the sky behind them which seeds clouds and causes cooling. At the same time, black soot drops out on the arctic ice, absorbs sunlight and causes warming. So which effect is bigger? Scott Stephenson et al tried to figure out that out and the cooling effect won. The researchers also factored in global anthropogenic (human-caused) greenhouse gas concentration trajectories, adopted by the International Panel on Climate Change (IPCC), at a level closely aligning with today’s trends, along with global economic output that will drive the transport of goods. “We attempted to fully integrate the interactions between the various components of the climate system in ways that have not been done before,” Stephenson says. The main result was that the cooling effect won out over the warming effect in the simulations, to the tune of about one degree Celsius. Zowie. One real degree of Arctic cooling sounds like rather a lot — even undoing greenhouse gas warming as well as soot based warming. The cooling effect stops if we clean the smoke stack and remove the sulphur particles. Presumably the warming effect would also stop if we scrubbed out the soot. And there would be no effect at all if we converted most boats to nuclear bulk container ships. (Though some land-based snowflakes at Yale would melt.) Don’t look now, but sulfur pollution is saving the ArcticHaving found such a politically awkward result the don’t-pick-on-me caveat comes next. The researchers warn that we must not rejoice, even though Arctic shipping lanes may be 40% shorter, faster and more fuel efficient, because global warming will still be awful, and boats may have accidents in the Arctic. The environmentally better option is, apparently, to have those shipping accidents elsewhere, like, say, British Columbia? The Arctic continues to warm at twice the global average, and though increased shipping will likely have a cooling impact on the region, the researchers stress that these results should not be interpreted as an endorsement for Arctic shipping, especially as a potential solution to climate change. Stephenson notes that while trans-Arctic shipping routes would cut travel time by as much as 40 percent, growth in shipping traffic would mean heightened risk of oil spills and clearer access to extractable resources such as oil, gas, and minerals in the region — all scenarios that come with potentially dire environmental consequences should an accident occur. With fewer amenities within reach to respond to a potential disaster, responders would be faced with huge logistical challenges to deal with those scenarios. “There are clear economic benefits to shipping in the Arctic, with shorter routes and less fuel being burned,” he says, “but there are also enormous potential risks.” Additionally, the cooling could be offset by international regulation and trade agreements, for instance if planned global limits on sulfur emissions from fuel used by the ships go into effect. Without the sulfur-induced cloud formation, the cloud-driven cooling effect will not happen. Anyhow, file this one away when Arctic disaster stories arise, or people recommend some expensive geoengineering. If the Arctic warms too much, we can just send more shipping traffic. And if we overdo it, the problem will sort itself out. No more shipping lanes. Of course, if another little ice age is coming, the last thing we want is to cool the arctic. REFERENCE
Still leading the nation from the back benchScott Morrison wants to meet the Paris agreement and have cheap electricity. The have-cake: throw-cake-in-river option. How to resolve that dilemma (or at least have an answer for his Environment Minister, Melissa Price to give) — repeat the Tony Abbott plan. “Direct Action” uses an auction system to find the cheapest ways to reduce CO2 — which obviously rules out intermittent renewables because they are wildly expensive. Abbott is painted as a denier, yet his plan was more effective at reducing CO2 than any of the Green’s schemes. Naturally this only makes the cult believers hate him more — because he threatens the cash cow for dependent renewables. He exposes how useless wind and solar are and thus, how most greens are hypocritical self-serving political activists who pretend to care for the environment in order to get rich, go on junkets, or pump their ego while they fly to skiing trips in Japan. Direct Action back on the agendaGraham Lloyd, The Australian The Coalition will refocus environment policies on the Abbott-era Direct Action plan, including a rebooted Green Army and a reverse auction scheme to improve land management and help communities, Environment Minister Melissa Price has declared. Melissa Price: We can meet Paris targets responsibly Naturally, and for no good reason, this is not thanks to Abbott: “I do not see it as a return (to Abbott-era policies). We have had very good environmental programs under Tony Abbott and Malcolm Turnbull.” Direct Action reduces CO2 for $13 per tonWind Turbines cost seven times as much to reduce CO2. Solar PV is at best $110/ton (EIA), and in a badly managed plan, more like $2,000/ton. At best in Australia the RET (Renewable Energy Target) costs $57 per ton of reduction. We could reduce four times as much CO2 if we blew up the RET plan and used Direct Action. The economy-wide scheme was the star-studded absolute worst — the Carbon Tax cost $5310 per ton — 300 times more expensive than the Direct Action auction. There is about $250 million left of the $2.5bn original budget funding for the emissions reduction fund. The last auction in June supported 32 projects to save 6.67 million tonnes of carbon dioxide emissions at an average price of $13.52 a tonne. Direct Action proved to be up to 300 times more effective per dollar than the Carbon Tax. Where are the Green cheers? That $2.5 billion was still $2.5 billion too much, but at least it improves soil, adds trees and has a few redeeming side benefits. Better than a scheme supporting jobs in China, banker’s yachts, and the installation of grid-destroying infrastructure. Why pay to make our electricity expensive, destroy jobs and our quality of life? As I’ve said before, the only problem with Direct Action is that it doesn’t feed the parasites:What Direct Action won’t “achieve” is a class of dependent corporatesThe most important outcome is that, unlike a carbon market, there won’t be a new dependent class of companies who have to go to Parliament lobbyist-in-hand to beg or butter-up MP’s. With a blanket carbon tax, every industry wants carbon permits, or free passes, for themselves to keep doing business as usual. The carbon market of the EU, Rudd, and Gillard fosters these sort of deals and pleas. Big-government could use subsidies to feed industries that will vote and cheer for them (think renewables). They could use the fake free markets to put reigns on the real free market. (What would stop them?) The miners, the electricity generators, the manufacturers generate independent wealth and power, and if they choose to, they could run major campaigns against the big-government taxes and imposts. But if they need to ask special favours, they are less likely to rock the boat. A carbon price is just another tool to keep them in line and obedient; it sure isn’t much good at reducing carbon. Thanks to Eric Huxter for estimating the solar PV cost of CO2 abatement in Australia. Poor McCartney tries to write a rebel saviour song. Instead he captures the blind mystification of a protected class living in a bubble who have no idea that millions of people are rebelling against the bully thought police and their demands for hero-status and money. Half the population of the West see through the modern witchdoctors who get every prediction wrong. McCartney’s genius solution? “Lock him up” Spot the irony, apparently Trump should have listened to “the will of the people”? What exactly does McCartney think 60 million people voted for? The captains crazy but he doesn’t let them know it. Below decks, the engineer cries Despite repeated warnings Now the ropes that have bound him (What can we do?) — Lyrics to “Despite Repeated Warnings” The song captures the frustration of the people who have no idea and no clue on how to get an idea either. “What can we do?” he asks over and over. How about trying to understand why people voted for Trump by reading what they read instead of just having the BBC-on-a-drip? There is no doubt about McCartney’s intent — denying climate change is the most stupid thing everLee Moran, Huffington Post Legendary Beatle Paul McCartney has revealed he had climate-change deniers such as President Donald Trump in mind when writing one particular song on his new solo album, “Egypt Station.” The track, titled “Despite Repeated Warnings,” contains lyrics such as “despite repeated warnings of dangers up ahead, the captain won’t be listening to what’s been said,” and “those who shout the loudest, may not always be the smartest.” McCartney told BBC Music’s Mark Savage in an interview published online Thursday that denying climate change was “the most stupid thing ever.” “So I just wanted to make a song that would basically say, you know, occasionally, we’ve got a mad captain sailing this boat we’re all on and he is just going to take us to the iceberg,” he added. Asked if the “mad captain” was “anyone in particular,” McCartney responded: “Well I mean, obviously it’s Trump but I don’t get too involved because there’s plenty of them about. He’s not the only one.” h/t Mark M As EricWorrall says: “People like McCartney in my opinion epitomise the kind of out of touch “Champagne socialists” who look down on the deplorables…”
First — The Weather Channel gets caught faking the strength of Hurricane Florence (in case you haven’t seen it). The Weather Channel went on to defend their reporter: “It’s important to note that the two individuals in the background are walking on concrete, and Mike Seidel is trying to maintain his footing on wet grass, after reporting on-air until 1:00 a.m. ET this morning and is undoubtedly exhausted,” a spokesperson wrote. Then see the parodies:
Beware of shopping trolleys:
Anderson Cooper, star of CNN, finds the deepest ditchhe can report from (h/t WattsUp)… UPDATE: Ryan Maue asks and his readers tell him it is a photo from Hurricane Ike ten years ago.
Keep reading → Australia’s new PM, when pushed, is a mini-Turnbull. The RET is the toxic renewable energy target, the guaranteed gift to unreliable, uneconomic performers. It’s the cancer on the system that makes the cheap generators die. At it’s best, the RET is theft through electricity bills to support industries in China in the hope that storms will be nicer in 2100. RET is safe, says MorrisonScott Morrison has assured key crossbenchers he will not dump renewable energy targets as he hedges against the possibility of the Coalition losing the Wentworth by-election and finding itself in minority government. Morrison’s hand is forced thanks to Malcolm Turnbull, because of the Wentworth byelection to be held October 20th. Turnbull didn’t have to resign in a one-seat majority government, but he did. When you look at how well his resignation works for the Labor Party and the green-freeloaders, how could he say “No”? Thanks to Turnbull being such a bad choice as PM, he lost so many seats he could barely form government, so every byelection now means the entire government is up for grabs. His “safe” seat is no longer safe. Labor are well ahead in the polls there on Wednesday. Ponder that this was a blue-ribbon seat, won with a 62% primary vote in 2016. For a party “turning right,” the inner city Wentworth seat is a risky one to toss in the air. From this fragile position, Morrison had only two dark choices: 1/ pander and capitulate to stay in government for a short time, or 2/ be brave, speak the truth, and pull the Federal election trigger, a tough call when the party is so behind in the polls. He chose “to pander”. Turnbull has handed Morrison a poisoned chaliceWithout calling for a Federal election, Morrison has to capitulate to the left in both the Wentworth seat and to the independent crossbenchers who might theoretically keep him in government even if the Libs lose the byelection. If it [The Liberals] lost the seat, the government’s numbers in the House of Representatives would fall to 75, forcing it to rely on the support of two independents to fend off confidence motions if Speaker Tony Smith remained in the chair. So Morrison has to throw away the best election winning strategy of the Libs in order just to stay in government for a pitiful ‘nother six to nine months until the next federal election. Therefore he will go into it as a Turnbull-lite version, without the base support, the donors, and any strong argument, and the Libs will likely lose. The winning easy option for any conservatives around the world is the Abbott-Trump-Dean plan. Morrison can’t play that on climate now thanks to Turnbull’s parting gift, or he looks like a liar. Presumably the cross-benchers will play their immigration chips next and bolt that topic down too. The spineless Liberals cannot point out the stupidity of using our generators to control the weather. They can’t explain how stupid and sacrificial Paris is, nor how badly the RET drives our prices up. They can’t point out that every country with renewables pays more for electricity. They can only say the Labor party are right, but they’ve taken it a bit too far. You can’t Axe a Tax that you want to half do yourself. Turnbull’s resignation is a win for the Labor party-globalists any which wayEither Labor wins the seat and threatens a vote of no-confidence that could bring down the government, or the Libs win but lose the conservative base in doing so. Turnbull is not even bothering to hide his true lefty colors. He is doing everything possible to destroy the real conservative base — tweeting to put pressure on Dutton who almost beat Morrison and sits in a very marginal seat. It’s hard to believe he was PM of a conservative government merely weeks ago. Takes a true Narcissist-in-chief to so shamelessly bomb his own party. Why are the Libs in dire straits? They believed the ABCThe Libs romped home in 2013, but find themselves in this pathetic position because in 2015 weak willed and gullible MP’s in a strong 90 seat government tossed aside the landslide winner and instead installed the ABC’s favored candidate. Conservatives and libertarians, anyone who fears the slide to the gimme-dat side of politics, better get organized. Time to write letters to editors and ministers, to study the pre-selection rules, pick the decent candidates, get email lists running and send donations to people who work to keep the nation free. Someone leaked an in-house Google video to Breitbart. A couple of days after Donald Trump won the 2016 election the impartial and analytical monopoly team was doing group hugs, almost in tears, and doing psychoanalysis of how Trump and the fascist extremists won. In their expert opinion voters are irrational, and motivated by xenophobic fear or conversely boredom (which is a lot like fear, except for being the opposite. The Google team clearly have a good grip on the topic.). It’s a message of hate and ignorance. In Google-land half the US population are like extremists, have things in common with terrorists, and definitely didn’t have any legitimate concerns. Amazing how these brains had more access to search keywords and websites of Trump supporters than almost anyone on the planet, yet have not apparently read any. Google has come out saying this was just some employees and executives expressing personal opinion. So let’s just clarify that this was only the Chief Executive Officer, the Chief Financial Officer, two Vice Presidents and the two men who founded Google. Not the whole of Corporate Management then, and there might be one secret Trump voter in the Maths and Algorithms Department. Though they would have to stay in hiding lest they suffer the same fate as James Damore. With 88,000 employees Google is bound to employ a few Trump voters, but those deplorables just can’t say so at the office. Eileen Noughton, VP of People Operations, even acknowledges that conservative employees don’t feel comfortable revealing themselves. Google also insists that nothing they said suggests any political bias in their products. The CFO tears up and talks about the moment she realized the election was “going the wrong way”, the first moment she realized “WE were going to lose”. It was like a “ton of bricks”. Later the co-founder, Brin, asks what they can do to ensure a “better quality of governance and decision-making.” He doesn’t appear to be talking about better governance of Google… See the comments from Walker and the CEO Pichai below. THE GOOGLE TAPE: Google Co-Founder Sergey Brin ‘Deeply Offended’ by Trump’s ElectionAllum Bokhari, Breitbart Sergey Brin, co-founder of one of the most influential companies in the world: ““As an immigrant and a refugee, I certainly find this election deeply offensive, and I know many of you do too.” Walker says that Google should fight to ensure the populist movement – not just in the U.S. but around the world – is merely a “blip” and a “hiccup” in a historical arc that “bends toward progress.” CEO Sundar Pichai states that the company will develop machine learning and A.I. to combat what an employee described as “misinformation” shared by “low-information voters.” John Hindraker watched the whole 1 hour and 3 minutes: Powerline: It’s Official, Google Is a Democratic Party FrontAll of the speakers express grief over Donald Trump’s election. All of the speakers assume that every Google employee is a Democrat and is stunned and horrified that Hillary Clinton–the worst and most corrupt presidential candidate in modern history–lost. There is much discussion about what Google can do to reverse the benighted world-wide tide exemplified by Brexit and Trump’s election. The insane doctrine of “white privilege” rears its head. You really have to see it to believe it. Having suffered through the hour-long cri de cœur–OK, to be fair, there is a huge element of schadenfreude, too, and you will relish much of it–you probably will have several reactions: 1) These people may have certain valuable technical skills, but they aren’t very bright and are unusually lacking in self-awareness. 2) It is remarkable that they can achieve such an extraordinary monoculture in an organization with thousands of employees. It must require vigorous enforcement of right-think. 3) It is easy to see how these uniformly left-wing robots/people seamlessly transitioned into Resisting the duly elected Trump administration. These are the people in charge of your search results:Click here to see the full video on Youtube.
Tyler Durden at ZeroHedge has lots of quotes (for those who don’t feel like watching the Google execs struggle themselves, or those who just want to pin point the most fun moments — all times are listed there).
Whatever Google’s values are, they are not the same as US voters.
Go for it — fight the oppression sayeth the people running the most visited website in the world. Not the best timing for Google to show its real face. Google faces global media revoltChris Merritt, The Australian, September 10 After being fined billions of dollars for anti-competitive conduct in Europe, Google is facing an international revolt by mainstream media seeking a regulatory crackdown and possible break-up of its business empire. These moves have been triggered by persistent complaints by publishers in Europe, the US and Australia that the tech giants, and Google in particular, are abusing their market power to stifle threats to their dominance over the online distribution and monetisation of news. News Corp has Google in their sights — pushing for structural interventions that may mean the break up of Google, Facebook and other tech giants. They want more transparency in the algorithms: In the lead-up to those hearings, the European Publishers Council has told the FTC the tech giants’ algorithms were exposing online readers to “echo chambers” filled with opinions that confirm and do not challenge their existing views and values. The News Media Alliance, representing 2000 publishers in the US, has urged the FTC to use its antitrust and consumer protection powers against Google and the other tech giants because of the “dire consequences the further erosion of quality news will have for society. “When platforms are accused of manipulation or bias, their most common response is that they rely on objective, neutral algorithms,” the submission says. “The problem is that no one — not the victims of the alleged manipulation or bias, not regulators, not the public, not even the advertisers who purchase the products generated by the algorithms — has any insight into how those algorithms work. “The algorithms are ‘black boxes’ and many platforms expect the public simply to accept the output,” says the News submission.
Time to pay for subscriptions for real journalists (and donate to independent commentators, hint hint 🙂 ). When hunting, check out IXQuick, DuckDuckGo, and Mojeek. h/t Willie, Pat Viv Forbes sums it up brilliantly. — Jo Politicians again show “Real Genius”.A British observer [in 1975 or so] noted “Any fool can bugger up Britain but it takes real genius to bugger up Australia.” Australian politicians are again showing real genius. Now, we have incredible tri-partisan plans to cover the continent with a spider-web of transmission lines connecting wind/solar “farms” sending piddling amounts of intermittent power to distant consumers and to expensive battery and hydro backups – all funded by electricity consumers, tax-assisted speculators and foreign debt. We are the world’s biggest coal exporter but have not built a big coal-fired power station for 11 years. We have massive deposits of uranium but 100% of this energy is either exported, or sterilised by the Giant Rainbow Serpent, or blocked by the Green-anti’s. Australia suffers recurrent droughts but has not built a major water supply dam for about 40 years. And when the floods do come, desperate farmers watch as years of rain water rush past to irrigate distant oceans. Once, Australia was a world leader in exploration and drilling – it is now a world leader in legalism, red tape and environmental obstructionism. Once, Canberra and the states encouraged oil and gas exploration with geological mapping and research – now they restrict land access and limit exports. Once, Australia was a world leader in refining metals and petroleum – now our expensive unreliable electricity and green tape are driving these industries and their jobs overseas. Once, Australia’s CSIRO was respected for research that supported industry and for doing useful things like controlling rabbits and prickly pear and developing better crops and pastures. Now CSIRO panders to global warming hysteria and promotes the fairy story that carbon taxes and emissions targets can change the world’s climate. Once, young Australians excelled in maths, science and engineering. Now, they are brain-washed in gender studies, green energy non-science and environmental activism. Once, the opening of a railway or the discovery of oil, coal, nickel or uranium made headlines. Today’s Aussies harass explorers and developers, and queue at the release of the latest IPad. As Australia’s first people discovered, if today’s Australians lack the will or the knowledge to use our great natural resources, more energetic people will take them off us. Viv Forbes h/t Ian B, David E, Dennis, C.J.O. Thanks. “Paris” is rock solid and on the brink simultaneouslyIn a kind of Schrodinger’s-Agreement Paris means everything and nothing all at once. The Grand Emissions-Mouth says every country on Earth has signed up except the US. The Giant Money-Mouth says it’s unravelling, an emergency and on the brink. How can that be? Spot the pea. This strange superposition can exist because the emissions agreement is vaporware: 200 countries signed up but almost none of them are going to meet their agreement and no one cares. On the money side though, almost no one is going to give or get what they expected, and it’s a complete bunfight down to the last comma. It was and always is, about The MoneyNo one gives a toss about the CO2: The Paris climate change agreement has started to unravel as a dispute over a $US100 billion-a-year climate fund prompts new demands that developing countries be given greater freedoms to increase their emissions. Environment groups have claimed the Paris deal was “on the brink” after an emergency meeting in Bangkok at the weekend failed to reach consensus on crucial details on how the agreement would be managed. The body established to distribute the limited funding that had been raised to date has been gripped by turmoil. A meeting of the GCF in July disintegrated into acrimony over who should control the money, leading to the resignation of Australian chairman Howard Bamsey. The cash cows want to issue loans they can get back or use for power games. They want transparency and control. The cash-cowees want freedom to spend their free money, and want it to be more-more-more than just rebadged foreign aid. Who wouldn’t? Negotiators said a key issue had been whether loans could be counted as part of the $US100 billion a year financing promise. The Bankok bunfight was meant to settle the rules on money before the next two-week COP junket in Poland in December when thousands of activists and activist-scientists are rewarded for their faith and creative interpretation of raw data. Wikimedia: US Dollars in Uncut sheet. Christopher Hollis for Wdwic Pictures
495,991 comments…. If the IPCC are wrong, the BBC will be the last place to say soLets all bow to the IPCC — a modern God that shalt not be questioned. The Holy Sacred Climate Cow! The IPCC is an unaudited and unaccountable foreign committee. Not only are no scientists paid to check its findings, now the publicly mandated BBC is making sure none of their journalists will check its findings either. Carbonbrief has a copy of the BBC new internal guidance on how to report climate change. In April, the UK regulator, Ofcom, found the BBC was guilty of not sufficiently challenging Lord Lawson, a skeptic. So in response the BBC now promises they will never sufficiently challenge the IPCC. That’s “false balance” for you. The BBC issues a guidance to journalists
If only BBC baby-scientist-rulers knew what “proves” means in science. The IPCC can never be “proven” right, though it has been proven wrong, and many times.
Define “denier”? The original meaning, from 1475, it is to deny a religion. The God has changed but the meaning has not.
These guys are supposed to be master communicators — I defy anyone to explain their definition in 25 words or less:
The climate is a soccer game? Geniuses. This could be the tritest reduction of a complex multivariate chaotic system ever. Is climate sensitivity 1, 2 or 4 degrees C? Score 1-nil. The BBC appoints themselves as ultimate umpire in a science debate with only Yes-No answers. ^UPDATE: GWPF point out that Actually we do deny [the Manchester claim.] And so should the BBC. The match was played last Sunday. Such is the arrogance of the BBC. They claim to be “referees” of the truth, but don’t even bother to get their own facts right. h/t Hot under the collar Having called skeptics filthy names and made it clear the IPCC is God, the BBC then plays a safe “get out of free-speech-jail card” knowing that virtually no journalist will want to risk a trip in this minefield:
If the BBC must report “group funding” will it also warn the audience that government funded climate scientists will lose funding and status if the climate turns out to be controlled by the sun and not your car?
Helpfully, the BBC is offering training for journalists so that they can learn to spot goals:
…we are offering all editorial staff new training for reporting on climate change. The one hour course covers the latest science, policy, research, and misconceptions to challenge, giving you confidence to cover the topic accurately and knowledgeably.
After the extensive one hour program, BBC journalists will be qualified to dismiss PhD holding skeptics and ignore nobel prize winning scientists.
The document concludes with a list of “common misconceptions” produced by the Science Media Centre (SMC). The list appears to be an adapted update of a document (pdf) published by the SMC in 2012. There are no surprises here. All publicly legislated media outlets end up being mouthpieces for Big-Legislators. The Brits are paying for propaganda. Will they protest? h/t Willie Soon, Pat. No link between droughts and climate change in AustraliaKen Stewart finds that rainfall may have fallen in the last 30 years over Southern Australia but it has stayed remarkably constant in the long run. Fig. 2: Cool season rainfall, Southern Australia, 1900-2017
Oops! Rainfall has in fact increased over southern Australia. Stewart has also looked at the number of consecutive dry months across Australia. Looking at both 12 month periods and at 36 month periods it’s clear that we had more severe droughts more often from 1900-1970. The only exceptions are in SW WA (which is having a good year for rain this year) and small parts of Victoria and Tasmania. Fig. 4: Number of consecutive months per calendar year of 12 months severe rain deficiency: Australia
Don’t forget to pop in at Kens Kingdom and say thanks for all the work he does. Ken Stewart is not paid but can create these graphs. The Australian BoM gets a million dollars a day, and Ken used their definition of a drought, but there are no press releases about this from the BoM. The ABC gets $3 million dollars a day. If we paid them $4 million a day would they stop parroting the CSIRO, BOM and renewables industry and start investigating? The evidence says “not”. Apparently, the better the funding, the better they spin. To get the ABC to serve the taxpayer instead of Big-Gov, we need to cut the funds to “zero”. Fig. 5: Periods of 36 months serious rain deficiency: Australia
As Ken says — droughts were more common in all but a few areas: Keep reading → Old coal plants don’t have to die, they just need to be fixedThe Vales Point Coal plant (Part B) was built in 1978. It was sold for $1 million in 2015 by the NSW government. It’s now making a bumper profit. If it gets a $750 million renovation it could keep running til 2049 when it will be 70 years old. Vales has a nameplate capacity of 1,320 MW. On the other hand, we could follow South Australia and spend $650m and get a 150MW solar plant that only works half the time.* When is an old coal plant on death’s door a better bet than the worlds largest solar plant? — Every hour of every day. Plus you get free fertilizer. Profits to keep Vales Point coal-fired power station going for another 20 yearsJohn Stensholt and Perry Williams, The Australian The Vales Point power station near Lake Macquarie, which supplies about 4 per cent of power for the national grid, could receive a $750m injection to ensure it runs until 2049, making it the nation’s last standing coal station, with the country’s other facilities due to be shuttered over the next 30 years. The closure of Hazelwood improved profits for every surviving generator in the NEM (National Electricity Market). Vales Point had a bumper 2018 financial year, according to documents lodged with the corporate regulator and obtained by The Australian, with the asset making a strong $113m net profit from $505m revenue, compared with a $35m net loss from $382m revenue last year. The story of how Big-Gov can turn $500 million into “One”The bumper profit comes less than three years after the rich-list duo paid the NSW government only $1m for the ageing asset on Lake Macquarie on the state’s central coast, which after a revaluation is now worth $555m. Sunset Power’s balance sheet is carrying $339m in net assets, including $36m in cash. At the time of the sale, then NSW treasurer Gladys Berejiklian said the $1m price was “above its retention value”. The plant was going to be shut down in 2021
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