Tag Archives: carbon tax

Carbon Tax – It’s Like A Turd In A Swimming Pool

13 Nov

Courtesy of freelance cartoonist and illustrator Steve Hunter, exclusively for Andy’s RANT!

Follow Andy on twitter.

Republished by permission.

Cartoon Copyright 2011 Steve Hunter | click to enlarge

Greens Leader Browns His Trousers Over Blocked Shot, Cops Bollocking

12 Nov

On Wednesday, the day after the railroading of the carbon derivatives scam legislation through the Senate, Greens leader Bob Brown copped a right bollocking.

Why? Because, dear reader, he had requested a suspension of standing orders to bring a notice of motion concerning Parliamentary Behaviour.

Poor widdle Bobby Wobby* was not a happy chappy.

Let’s see why (from Hansard, emphasis added):

Senator BOB BROWN (Tasmania—Leader of the Australian Greens) (16:01): I ask that general business notice of motion No. 549, which relates to conduct following the final vote on the clean energy bills, be taken as a formal motion.

The DEPUTY PRESIDENT: Is there any objection to this motion being taken as formal?

An opposition senator: Yes, there is.

Let’s skip the subsequent formalities, and jump forward to the heart of the matter. Here’s Senator Bobby Wobby again:

Yesterday, when the final vote was taken on the legislation, you will know, Mr Deputy President, that the press gallery had more than 40 members— something I have not seen since the passage of the goods and services tax more than a decade ago. It was a major and historic moment for the Greens, and there were quite a number of cameras in the press gallery. Senator Heffernan got from his chair and walked down and stood in front of the contingent of Greens to obscure the cameras making a record of that event as we shook hands and generally were happy that the passage of that legislation had taken place. I am not particularly miffed about whether or not we get coverage obscured, but it was a churlish and childish thing for Senator Heffernan to do. He frequently invades other people’s press conferences, other people’s moments, book launches and so on. It was rude, if not to the Greens, to the photographers in the gallery, to the cameras here and to the watching and listening public, because it obscured their right to see the events taking place in this chamber…

Hmmmm… obscured the cameras, eh?

Greens Senators congratulate each other after the Government's Clean Energy (carbon tax) Bills were passed through the Senate today. Picture: Ray Strange

Greens leader Bob Brown hugs his deputy Christine Milne after the tax passed through Senate today. Photo: Andrew Meares

For your light entertainment today, we bring you a selection of highlights from the subsequent mauling that Senator Brown received, starting with Senator Abetz:

Senator ABETZ (Tasmania—Leader of the Opposition in the Senate) (16:08): The man who has led demonstrations with big banners to block people out of sight and the man who has led demonstrations making a lot of noise to drown out other voices is the man who, in Pecksniffian manner, comes into this place complaining that somebody stood in the way of a camera. I know that this senator allegedly had an interest in the art of photography but I never knew that his interest in the art of photography only related to photographs of himself. What a vain, petulant speech we have just heard. We were told that this was a matter of national significance. Was the government’s view blocked? No. Was the view of the President, the most important person in this chamber, blocked? No. Even that of a humble leader of the opposition? No. And that of the National Party? No. Senator Xenophon’s? No. Senator Madigan’s? No. So what was this important group in the Senate that was being blocked? Not the government, not the opposition, not some Independents—oh, it was the Greens! I would suggest to Senator Brown that he be very careful with that glass of water in front of him, because if he stares in it when the light is shining in it he might see a narcissistic type reflection—and this is what this is all about. This is a window into the vanity of the Leader of the Australian Greens. This is a window into the petulance of the Australian Greens…

… I always thought Senator Heffernan was as skinny as a beanstalk. Now you are trying to say that he is bigger than a Mack truck. How on earth could a senator standing there block out the crossbenchers and the Greens all at the same time? It is a physical impossibility. Senator Brown was not concerned about the crossbenchers; he was concerned about himself, as is always the case…

… Is the senator actually trying to tell us and the Australian people that this is a matter of such great import that it needs the suspension of standing orders in this place as we need to discuss the fact that Senator Brown could not get his photograph taken because somebody who is about as slim as anybody else in this chamber, Senator Heffernan, happened to walk over to the Australian Greens to discuss the vote? This is petulance writ large and this is vanity writ large. But do you know what it also is writ large? The Australian Greens and, in particular, Leader of the Australian Greens, Senator Brown. I have been around this joint for about 17 years and I have never seen or heard such a vain or petulant motion being put forward by any backbench senator, let alone somebody who claims to be the leader of an Australian political party. Mr Deputy President, I suggest that we dispense with this nonsense of Senator Brown’s and get on with the important business of the Senate.

Indeed.

However, it was Liberal Senator Cory Bernardi who really stood tall.

Linguistically. Logically. And literally:

Senator BERNARDI (South Australia) (16:18): It is an extraordinary thing when the worst fears of the Australian people are confirmed by the vainglorious and narcissistic motion that we have before us. It is offensive to the Australian people that this parliament seems to have nothing better to do than debate the pious and sanctimonious words put forward by Senator Bob Brown and Senator Milne because they missed a photo opportunity. In the last 31⁄2 or four minutes, we have heard all about upholding the standing orders, from the party of hypocrisy—the party that will not acknowledge the magnificence of the chair in this chamber when they enter and leave, the party that will not acknowledge people’s formal titles in Senate inquiries and hearings, the party that will not acknowledge standing orders. For the benefit of this chamber, let me put this to you:

A resolution of the Senate allows the media to photograph any senator in the chamber provided that they have the call.

Might I remind Senator Bob Brown that yesterday he did not have the call. He stood up and was champing at the bit, trying to grandstand by cuddling with his cabal over there, who have sent this country down a path from which there will be no return while they remain in power. But let me remind them that it is in breach of standing orders.

Senator Bob Brown has come up with this confected outrage and some contrived complaint against Senator Heffernan, who because of his generosity and magnanimous heart was simply going across there to acknowledge that we had been defeated in a challenge. But, in the rudeness, the shrillness and the smugness of the Greens party, they refused to acknowledge Senator Heffernan. I saw him. I watched him. He turned around and looked at the chamber; he looked to the chair and he acknowledged the chair humbly. I can only imagine what he said to himself: ‘Why won’t they talk to me? I’m just trying to be generous.’

One sniffs the scent of BS wafting in with that last bit. Still, what is it they say about arguing with idiots … they drag your down to their level, then beat you with experience?

But what has happened as a result? We have this hypocritical, vainglorious and narcissistic motion come into the chamber. It is only right that the Australian people would be questioning why this is happening. If there has been regrettable activity in this chamber, might I say much of it rests with the Greens party.

If you want to know about bad behaviour in and out of this place, we need look no further than Senator Bob Brown himself. This is the man who feigned bankruptcy or impending bankruptcy to collect money from the public for legal bills, around $300,000—

Senator Bob Brown: Mr Deputy President, I raise a point of order. I take objection to ‘feigned bankruptcy’. It is untrue and unparliamentary, and I ask that it be withdrawn.

Senator Abetz: Mr Deputy President, on the point of order: Senator Bob Brown might reflect that, when it was put to him that he was not actually going to go bankrupt, he amended the Greens website using words to the effect that he might not necessarily have technically gone bankrupt. So he did amend his language after those matters were drawn to his attention.

The DEPUTY PRESIDENT: Senator Bernardi, it would assist if you withdrew that last remark.

Senator BERNARDI: I will withdraw that Senator Bob Brown was feigning bankruptcy, but he did—

The DEPUTY PRESIDENT: Unconditionally, Senator Bernardi.

Senator BERNARDI: I withdraw unconditionally. But it did not stop Senator Brown, being the ecomillionaire, from collecting nearly $1 million in order to pay about $300,000 worth of legal bills. Anyone with any integrity who was not so consumed with hubris and ego would have said, ‘No, I’ve got my charity from the public; they can keep their money for themselves.’ This is a shameful stunt by a man who thinks the rules should apply differently to him than to anybody else.

This is a man who condemns political donations to any political party yet whose own party takes $1.6 million donations. I ask myself, and I am sure the Australian people will ask themselves, ‘Why was it that a line of questioning in this chamber by the Greens was directly related to the business interests of the person who made that donation?’ It is a proper and right question for this chamber to consider. It is a proper and right question for the Australian people to consider, Senator Brown. Might I also say that the question you are putting to the Australian people today in this chamber is simply inappropriate and improper. There is a dignity that should be maintained in this place. We should not sink to the lowest common denominator and debase it to the level that Senator Brown and the Greens wish to take it to. If we are maintaining the standing orders, if we are serious about maintaining the traditions and the other things that make the Senate such a special place in which to work, we cannot debase it by putting motions like this, by not acknowledging the chair and by showing flagrant contempt for standing orders whenever it suits. That is exactly what this does. We should not be surprised by it, because we have experienced it again and again from the Greens party.

Senator Brown and the Greens cannot handle any scrutiny—they have a glass jaw. That is why, when their policy position is examined, when there is any critical questioning of their own conduct and behaviour, their response is: ‘This is the hate media; this is persecution. The Greens are different. We’re separate. We’re isolated from the world.’

Senator Abetz: They are different.

Senator BERNARDI: Indeed they are different, they are separate and they are isolated from the world. Unfortunately, they have their hands on the tiller of government, and that is a shame for this country. (Time expired)

And after some more speeches from both sides…

The DEPUTY PRESIDENT: The question is that the motion moved by Senator Bob Brown to suspend standing orders be agreed to.

Question negatived.

And thusly, dear reader, the Australian Senate, 76 politician strong (plus Senate staff, assorted lackeys et al) .. financed by the Aussie taxpayer .. piss farted about for a full 30 minutes from 16:01 to 16:31 on Wednesday the nineth day of November in the year of our Lord 2011.

All thanks to Bob Brown’s self-righteous narcissism.

And his oh so genteel, just-don’t-scratch-the-surface, glass-jawed vindictiveness.

(Remind you of anyone?)

Just the sort of personality type we want running the country.

* An apropos moniker for the petulant Bob Brown, I suggest. The Wobbegong is a camouflaged, bottom-dwelling shark, whose feeding habits classify it an ambush predator.

Bobby Wobby.

You heard it here first.

Sad Day For Australia: Barnaby

8 Nov

Greens leader Bob Brown hugs his deputy Christine Milne after the tax passed through Senate today. Photo: Andrew Meares

Media release – Senator Barnaby Joyce, 8 November 2011:

It is a very sad day for most Australians that we are about to “move forward” with legislation to redesign our economy on a colourless, odourless gas that quite obviously will put up the price of power and put pressure on real jobs in the real economy.

It is a very sad day when we approve a new broad based consumption tax delivered to every house whether they can afford it or not via the power points above their skirting boards, via the heater that keeps them warm, via the air conditioners that keep them cool, via the power that cooks their food, via the washing machine that cleans their clothes.

It is a very sad day when a government seems oblivious to the economic turmoil of the world and belligerently sets the ship of state blindly into precarious waters where the carbon tax we pay will be far in excess of any other scheme in the world, and our own government fails to acknowledge that the vast majority of the world has no such scheme at all.

It is a very sad day when the Australian people are taken for granted, deceived with a platitude addendum that “don’t worry about it; they are just simple souls, who’ll forget about our deceit and get over it.”

It is the height of conceit to think that other nations such as India or China, which the IMF states that by 2016 will be the largest economy in the world, will somehow be influenced by the legislation of our nation at the expense of their people.

We are more guided by Al Gore than by common sense and the chambers of this building have become fascinated with a highly naïve view that disregards the reality that we are merely 32 billion dollars away from our debt ceiling, the point at which on presentation of the nation’s credit card the checkout operator will say “transaction declined – see bank for details”.

One would think that we would be doing everything we can at this juncture to make our nation’s economy strong; to dispense with wondrous thoughts and replace them with utter pragmatism. We should look to the core requirements of core Australians which is to keep control of their cost of living and, more to the point, do nothing to exacerbate the loss of real jobs that require cheap power as their only competitive advantage over other nations who have cheap labour in abundance.

Yet today will end in a back slapping, hugging, kiss-a-thon that will be the bitterest of pill for those away from Parliament House who make the ultimate payment on this absurd tax.

Barnaby is right.

UPDATE:

And he fights on –

Nationals Senate leader Barnaby Joyce said his party would not stop fighting against the carbon price even after it became law later today.

We can’t give up on this, it is just insane,” he said.

“The Michael Jackson trial is Hollywood and this carbon tax is pure Hollywood.

“It works on the premise that we can somehow affect the climate, and it is absolutely bumpkin.”

 

Barnaby: Labor Is Rudderless, Clueless, Hopeless

4 Nov

Senator Joyce writes for the Canberra Times:

The Qantas chief, Alan Joyce, has been hanging around Parliament House for the past few weeks, not because of an impending aviation calamity, but apparently because he likes the decor and the coffee. Well, that is what you would have to believe if you are to believe the Government.

To say the Qantas lockout and fallout came as a surprise does not pass muster especially now in light of the abundant leaks from key Labor Party ministers, all protecting their jobs in the shadow of this fiasco, so as to quarantine themselves from the political fallout in the rumoured leadership change.

Julia Gillard wrote the Fair Work Act when she was Industrial Relations Minister in 2009. Section 431 allows the minister to demand the parties come to the table and avoid the massive damage which has happened to the nation’s airline and our nation’s image. The Government had at its disposal the mechanism to avoid the travel chaos over the weekend. However, Gillard was not convinced of her own competencies in writing the Act or her Government’s capacity in administration of her own Act. She claims that section 431 could not be used because it has not been used before. Well, why did you put it there? It appears she did not even source legal advice until Saturday afternoon. Breathtaking!

Our nation’s Government is not on auto pilot – it is rudderless, clueless and hopeless. The Qantas dispute is a metaphor for the Government’s day-to-day management as we lurch from crisis to crisis. It is the same management style as the live cattle debacle which brought about a middle-of-the-night closure of the live cattle trade that we did not need while creating an immense diplomatic issue with our largest neighbour. From overreaction to no reaction at all; in fact with the Qantas issue to a position where we are in a desperate search for a government pulse. The vision of flying back into Canberra this week, on a very crowded Virgin flight, was one of a government fascinated in cooling the planet while we raced past $215billion in gross debt. Qantas planes sat forlornly on the tarmac as a new aviary for swallows. But then the Qantas debacle is not a new pattern for the Government.

During the election last year Gillard promised to implement whatever the Murray-Darling Basin Authority decided. After the authority released a plan that was a dud, the Government backed away, and started blaming us for introducing the Water Act. Now the Murray-Darling Basin draft plan is about to be released and the Government will have to display a competency, completely absent at the moment, to avoid the public furore which occurred last year.

Coal seam gas is an issue that has to be addressed in a more complete manner, as demanded by public concerns, but no senior Labor Party members are offering any solutions. At the moment they seem more obsessed with CO2 than H2O.

Labor has provided the apogee of its political engagement with Australians with the carbon tax even though Canada is running a thousand miles from any similar action, and Europe has a scheme which is little else than tokenism supported by a volatile and at times fraudulent carbon market, where the scams associated with carbon credits would make pyramid scheme marketers blush. China is improving the carbon intensity of its economy by pulling down dirty little coal-fired power stations and building massive new coal-fired power stations. Absurdly, we will pay China for the carbon credits it generated in its country under our carbon tax with money borrowed from them.

Yes, the carbon tax legislation was finalised with a back-slapping, clapping, kiss-a-thon mirrored in the big banks with a salivating let’s go out to lunch on Bob Brown’s big bank billion dollar bonus as the commissions on the permits transfer money from the suburbs to the centre of town.

In a political team when it becomes apparent that the halfback cannot pass, the five-eighth cannot catch and the coach is a plant from another greener team, then the crowd of supporters dismally dwindles to a core of the loving family members, the morbidly curious and those recently removed from the closest pub.

Ticking Time Bomb Hidden In The Carbon Tax

1 Nov

 

Remember when the world’s 3rd wealthiest man, Warren Buffet, called out the exotic financial product named derivatives as “a mega-catastrophic risk”, “financial weapons of mass destruction”, and a “time bomb”?

Over the next two weeks, our minority Green-Labor government is railroading a set of 19 new laws through the Senate.

They like to call those laws our Clean Energy Future.

And to date, no one in either the political class, or the media – including our “expert” economics media – have called out the ticking time bomb called derivatives that is buried carefully in the 1,000+ pages of our Clean Energy Future.

No one, except your humble blogger.

Here, dear reader, is proof positive that the government’s “carbon pricing mechanism” is not about changing the climate.

Nor is it, as the government claims, to “give effect to Australia’s international obligations on addressing climate change under the Climate Change Convention and the Kyoto Protocol”.

Nor is it to “take action directed towards meeting Australia’s long-term target of reducing net greenhouse gas emissions to 80 per cent below 2000 levels by 2050 and take that action in a flexible and cost-effective way”.

Nor is it to “to put a price on greenhouse gas emissions in a way that encourages investment in clean energy, supports jobs and competitiveness in the economy and supports Australia’s economic growth while reducing pollution.”

How can I be so sure?

Because not one of those claimed “Objects of the mechanism” requires laws that specifically permit bankers to create unlimited quantities of wholly unregulated “financial weapons of mass destruction” called derivatives (or “securities”).

They are completely unnecessary. Moreover, the ongoing GFC turmoil proves that unregulated derivatives markets represent a clear and present danger to our government-propped banking system, and thus are a sovereign risk.

And yet, this is just what our Green-Labor government is doing right now in the Senate.

Carefully buried in their Clean Energy Bill 2011 we find the ticking time bomb (underline added):

109A Registration of equitable interests in relation to a carbon unit

(1) The regulations may make provision for or in relation to the registration in the Registry of equitable interests in relation to carbon units.

(2) Subsection (1) does not apply to an equitable interest that is a security interest within the meaning of the Personal Property Securities Act 2009, and to which that Act applies.

In other words, while the regulations may make provision for registration of equitable interests in a carbon unit, they specifically (subsection 2) do not make provision for registering a “security interest” in a carbon unit.

[A “security interest in” a carbon unit is, quite simply, a derivative or “security” that is based on the underlying “value” of the carbon “unit”]

It is clear then, that the government does not want to record carbon derivatives creation and trading.

They want to permit it. Just not record or regulate it.

Indeed, they wish to ensure “avoidance of doubt” that banks are legally allowed to immediately pull the pin on creating and trading these (wholly unregulated) financial weapons of mass destruction (underline added):

110 Equitable interests in relation to a carbon unit

(1) This Act does not affect:

(a) the creation of; or

(b) any dealings with; or

(c) the enforcement of;

equitable interests in relation to a carbon unit.

(2) Subsection (1) is enacted for the avoidance of doubt.

And just in case you missed the point – and your missing the real point is, in fact, the whole point of their using such opaque language – then the truth is spelled out more clearly elsewhere.

Where?

Way down in the fine print, of course. In the Explanatory Memorandum tacked on to the end of the Bill (underline added):

3.36 The bill does not affect the creation or enforcement of, or any dealings with (including transfers of), equitable interests in carbon units. [Part 4, clause 110] This provision has been included for the avoidance of doubt. In addition, the bill does not prevent the taking of security over carbon units.

Now I ask you, dear reader.

How does the scheme’s granting permission for banks to create a secondary carbon securities trading market (ie, “security over” carbon units) help to reduce CO2 emissions?

Indeed, how does a wholly unmonitored and unregulated shadow banking market in carbon derivatives help to create a single cent in extra government revenue, for the Senator Milne-championed Clean Energy Finance Corporation to pour down the toilet of otherwise commercially unviable “green” energy projects?

Answer: It doesn’t.

The government will never see any of the profits generated by banks from their multi trillion dollar trading in wholly unregulated carbon derivatives.

But you can be certain that they (and we) will hear all about it when the banks’ multi trillion dollar derivatives betting on movements in the market price of thin air blows up too. Because that’s when – just as with the global mortgage derivatives trade that triggered GFC1 – the bankers will (again) come running to government for a bail out.

Did I say “trillions”?

Sure did.

As we have seen previously, according to the RBA our Aussie banking system already holds almost $17 Trillion worth of derivatives.  Most of these are bankers bets on movements in Foreign Exchange Rates and Interest Rates. And these derivatives are all held Off the Balance Sheet:

In just 3 months from December to March, our banks’ exposure to Off-Balance Sheet derivatives “Business” has blown out by a whopping $1.99 Trillion, to a new all-time record total of $16.83 Trillion.  That’s the biggest 3-month increase in our banks’ history.

By comparison, at March 2011 the banks have “only” $2.68 Trillion in On-Balance Sheet Assets. That’s an increase of “only” $19.9 Billion. In the same 3 months, their Off-Balance Sheet derivatives exposure blew out by 100 times that much ($1.99 Trillion)

Click to enlarge

[That’s right. Derivatives are a toxic, wholly artificial and unregulated financial product, created and traded en masse by the banks; they are held Off Balance Sheet so that noone really knows anything about their real activities. It was toxic derivatives over mortgages that nearly blew up the world in 2008.]

We have also seen previously, that our Aussie banking system is not “safe as houses”, as we are led to believe. Instead, it is a huge disaster waiting to happen. Our banks are only staying afloat – and generating ever-increasing salaries and bonuses for bankers – because of the government wholesale funding guarantee introduced in response to the GFC. Indeed, Moodys Ratings agency recently put our government on notice that it will slash our banks’ credit ratings if the government guarantee is withdrawn.

What happens when banks blow up?

The government (ie, the taxpayer) panics, and bails them out. Putting both current and future generations on the hook to pay for it.

What we have with the Clean Energy Future legislation, is a scheme designed by bankers (and their cheer-leading economists).  For the benefit of bankers.

That’s why a scheme that purports to be all about reducing CO2 emissions, has a ticking time bomb called “derivatives” hidden inside.

While ever the scheme lasts, banks will make a killing.

Not just on fees and commissions for their role in buying and selling “permits”.

Oh no, dear reader.

That trade is just the surface of the carbon pricing scam.

The fees and commissions on the straight trading in carbon permits … is peanuts.

The real monster action is in the unlimited, unregulated derivatives market, that sits on top of the basic carbon trading market. Just imagine an inverted pyramid, with the trade in carbon permits at the bottom, pointy end.

What the banks really want – and what this blogger predicted and forewarned of time and again leading up to the release of the draft legislation – is a mechanism that allows them to create and trade carbon derivatives.

In unlimited, unregulated quantities.

And that is exactly what the Greens, and the Labor Party, in cahoots with Tony Windsor, Rob Oakeshott, and Andrew Wilkie, have given the bankers.

In just a couple of little clauses. Carefully worded and buried in 1,000+ pages of bullsh!t legalese, so that noone will find it (or simply not understand it if they do).

If you want to do something practical to stop the bankers, then here’s my suggestion.

Call the Coalition Senators for your state.

Right now.

Tell them that you want them to go into the Senate policy committee hearings next week, and demand that the government explain the following:

(a) WHY their Clean Energy Future legislation specifically includes clauses permitting bankers to create unlimited, unregulated “financial weapons of mass destruction” on the back of the carbon pricing scheme;

(b) HOW their permitting banks to create unlimited, unregulated carbon derivatives will reduce greenhouse gas emissions;

(c) IF the government will guarantee the public that no taxpayer funds will ever be used to bail out a bank/s that gambles in the carbon derivatives casino and later gets into financial difficulty.

[Senators contact information here]

We know that the banks are already gleefully gearing up whole new departments for their new carbon derivatives trading casino.

Indeed, they were publicly bragging about it within a few days of the draft legislation being released:

Australian banks are eyeing opportunities to cash in on the proposed carbon tax by developing new financial products and services that capitalise on a market seen to be worth billions of dollars annually, according to a report by the Australian Financial Review.

Australian financial firms that have experience in European carbon markets, such as Macquarie Group Ltd, Westpac Banking Corp Ltd and ANZ Banking Group Ltd are particularly keen to establish their presence in the Australian market.

The initial three-year fixed carbon tax period from 2012 will serve as time to prepare for the release of ETS permits by 2015, when opportunities will really open up for banks to capitalise on the carbon market.

ANZ’s head of energy trading said the value of the derivatives carbon market would dwarf the $10 billion initially raised by the government, according to the AFR.

What did I say about an inverted pyramid, with money/profit churn from the simple carbon permit trade being only the little pointy bit at the bottom … the thin end of the wedge?

The shadow banking casino in carbon derivatives is the huge bit at the top.

And just like every inverted pyramid, the carbon pricing scheme scam is inherently unstable.

The Green-Labor Clean Energy Future is an epic financial disaster, just waiting to happen.

When it comes to pricing carbon, all you need to remember is two words.

“Bankers”.

“Derivatives”.

Tick.

Tick.

Tick.

Tick.

Trading Carbon Permits Is “The Greatest Scam On Earth”

31 Oct

From the Sydney Morning Herald:

Debate on the government’s carbon tax has got off to a spluttering start in the Senate.

A package of 19 bills is being considered by the upper house for the first time, following its approval by the House of Representatives this month.

As debate was due to start today, Opposition senate leader Eric Abetz moved to suspend standing orders to allow debate of a motion aimed at delaying consideration of the bills until after the next election.

The Australian people were entitled to a say because the government had been “grossly misleading” by stating there would be no carbon tax before the 2010 election, he said.

Labor and the Australian Greens used their numbers to defeat the motion 35-31.

It is crystal clear then.

Labor and the Greens do not believe in heeding the will of the voters.

Understandable really.

Because both parties are party to “the greatest scam on earth”:

Nationals senate leader Barnaby Joyce predicted the carbon price would be worth nothing within 10 years.

“Because they won’t be there,” he told Parliament.

“You can bank on that with absolute certainty under a Coalition government.”

Senator Joyce also described the trading of carbon permits as “the greatest scam on earth”.

Indeed.

As we have seen in previous posts, carbon “permits” do not even exist.

They are nothing more than numbers. Electronic digits, in the government’s Australian National Registry Of Emissions Units computer:

Division 2—Issue of carbon units

94 Issue of carbon units

The Regulator may, on behalf of the Commonwealth, issue units, to be known as carbon units.

95 Identification number

A carbon unit is to be identified by a unique number, to be known as the identification number of the unit.

98 How carbon units are to be issued

(1) The Regulator is to issue a carbon unit to a person by making an entry for the unit in a Registry account kept by the person.

(2) An entry for a carbon unit in a Registry account is to consist of the identification number of the unit.

(3) The Regulator must not issue a carbon unit to a person unless the person has a Registry account.

There you have it, dear reader. From the government’s own Bill, now before the Senate.

There is no such thing as a physical carbon “permit”. No printed bits of paper.

Just electronic digits.

I wonder, will the Regulator and/or their staff manually type up the 15 million Identification numbers that constitute each of the carbon “units” to be issued each financial year?:

101 Limit on issue of carbon units

(1) The Regulator must ensure that not more than 15 million carbon units with a particular vintage year are issued as a result of auctions that were conducted by the Regulator during a financial year …

No chance.

It will all be done automatically:

296 Computerised decision‑making

(1) The Regulator may, by instrument in writing, arrange for the use, under the Regulator’s control, of computer programs for any purposes for which the Regulator may, or must, under this Act or the regulations:

(a) make a decision; or

(b) exercise any power or comply with any obligation; or

(c) do anything else related to making a decision or exercising a power or complying with an obligation.

These computer-generated numbers – 15 million of them per year – will have a “value” in dollars.

Because the government says so … in their new laws passed in the Parliament.

The Clean Energy Act 2011 demonstrates that the ALP and the Greens are playing their part in “the greatest scam on earth”.

Barnaby is right.

It Begins – High Court Challenge To Carbon Tax

18 Oct

Yesterday on radio 2GB, constitutional barrister Bryan Pape indicated that as the carbon tax will affect State-owned property – the electricity generators – there are grounds for the State governments to challenge the Commonwealth’s legislation (not yet passed into law) under section 114 of the Constitution.

Regular readers will know that your humble blogger recently launched Right On Our Side. It’s a movement focussing not on traditional protests and petitions, but on the law.  Our focus is on finding new and innovative ways for the voters to legally challenge and ultimately, change it.

Right here, right now is a window of opportunity for you, dear reader, to help us put an end to the Green-Labor carbon tax “law”.

There are two (2) simple actions that you can take today. Both involve properly expressing Your Will to the politicians who have a legal duty to serve you:

Once the election is over that is the end of ballot paper voting until the next election. However, under both Federal and State Constitutions and Statute laws you have certain implied legal duties and obligations.

The whole system of Parliament, and the SOLE reason for its existence, is to make laws for the people, with the clear Implication that those laws will reflect the WILL of the people on the subject matter of those laws.

It is only when you fulfil that lawful duty and obligation that your Member and Senators can properly fulfil their judicially defined function and duty in their houses of Parliament. If you do not fulfil your lawful duty and obligation, if you do not keep your Members and Senators fully informed of your will on any issue, then you cannot blame them for what they do. You have only your own laziness or indifference to blame.

Arthur A. Chresby, Research Analyst in Constitutional Law, and formerly Federal Member for Griffith (QLD) [1958-61] in the House of Representatives.

ACTION #1

Properly express Your Will to your state’s Senators in the Federal Parliament.

The Senate has not yet voted on the Clean Energy Future legislation. So there is still time to properly inform them of Your Will.

Here is a Sample letter that you can copy and send to each of your state’s Senators, expressing Your Will that they vote against the government’s Clean Energy Future (ie, carbon tax) bills in the Senate:

Dear [insert Senator’s Name],

I know that it is my duty to keep you informed of MY WILL on anything that comes before Parliament, or that should come before Parliament.

IT IS MY WILL that you vote against the passage of each one of the Clean Energy Future 2011 (ie, carbon tax) bills.

Yours faithfully,

[signed]

[insert your full name, address, and date, as legal evidence that you are a constituent.]

Should the Senator try to side step, or tell you what their party is or is not doing, simply write back immediately and say:

Dear [insert Senator’s Name],

I repeat that, in accordance with my lawful obligation to keep you informed of MY WILL, I again inform you that it is MY WILL that you vote against the passage of each one of the Clean Energy Future 2011 (ie, carbon tax) bills.

Yours faithfully,

[signed]

[insert your full name, address, and date, as legal evidence that you are a constituent.]

You can find the contact details for your state’s Senators in the Federal Parliament here.

ACTION #2

Properly express Your Will to your state MP.

Here is a Sample letter that you can copy and send to your state MP, expressing Your Will that they take immediate action to have your State government challenge the Commonwealth’s Clean Energy Future (ie, carbon tax) bills in the High Court:

Dear [insert state MP’s Name],

I know that it is my duty to keep you informed of MY WILL on anything that comes before Parliament, or that should come before Parliament.

IT IS MY WILL that you take immediate action to cause the [insert state Name] State government to challenge the constitutionality of the Commonwealth’s Clean Energy Future 2011 (ie, carbon tax) bills in the High Court.

Yours faithfully,

[signed]

[insert your full name, address, and date, as legal evidence that you are a constituent.]

Should the MP try to side step, or tell you what their party is or is not doing, simply write back immediately and say:

Dear [insert MP’s Name],

I repeat that, in accordance with my lawful obligation to keep you informed of MY WILL, I again inform you that it is MY WILL that you take immediate action to cause the [insert state Name] State government to challenge the constitutionality of the Commonwealth’s Clean Energy Future 2011 (ie, carbon tax) bills in the High Court.

Yours faithfully,

[signed]

[insert your full name, address, and date, as legal evidence that you are a constituent.]

You can find the contact details for your state’s MPs below –

NSW

VIC

QLD

WA

SA

TAS

NT

When you are done with that, why don’t you come over to Right On Our Side?

It’s a movement.

You should join it.

Support For Carbon Price Means Support Killing Black People: Oxfam Report

14 Oct

See all the happy little politicians, dear reader?

And see all the happy little carbon tax / trading supporters?

What all these people are really supporting … is genocide.

Of black people.

From the New York Times (via Oxfam):

New Forests Company, grows forests in African countries with the purpose of selling credits from the carbon dioxide its trees soak up to polluters abroad. | Credit: Sven Torfinn for The New York Times

In Scramble For Arable Land, Groups Says, Company Pushed Ugandans Out

KICUCULA, Uganda — According to the [New Forests Company’s] proposal to join a United Nations clean-air program, the settlers living in this area left in a “peaceful” and “voluntary” manner.

People here remember it quite differently.

“I heard people being beaten, so I ran outside,” said Emmanuel Cyicyima, 33. “The houses were being burnt down.”

Other villagers described gun-toting soldiers and an 8-year-old child burning to death when his home was set ablaze by security officers.

“They said if we hesitated they would shoot us,” said William Bakeshisha, adding that he hid in his coffee plantation, watching his house burn down. “Smoke and fire.”

William Bakeshisha, farmer and local chief, lost his house and land and now rents a room in a neighboring village. In his briefcase, he keeps documents that provide proof that he inherited the farm from his father | Credit: Sven Torfinn for The New York Times

According to a report released by the aid group Oxfam on Wednesday, more than 20,000 people say they were evicted from their homes here in recent years to make way for a tree plantation run by a British forestry company, emblematic of a global scramble for arable land.

“Too many investments have resulted in dispossession, deception, violation of human rights and destruction of livelihoods,” Oxfam said in the report. “This interest in land is not something that will pass.” As population and urbanization soar, it added, “whatever land there is will surely be prized.”

Across Africa, some of the world’s poorest people have been thrown off land to make way for foreign investors, often uprooting local farmers so that food can be grown on a commercial scale and shipped to richer countries overseas.

But in this case, the government and the company said the settlers were illegal and evicted for a good cause: to protect the environment and help fight global warming.

The case twists around an emerging multibillion-dollar market trading carbon-credits under the Kyoto Protocol, which contains mechanisms for outsourcing environmental protection to developing nations.

The company involved, New Forests Company, grows forests in African countries with the purpose of selling credits from the carbon-dioxide its trees soak up to polluters abroad. Its investors include the World Bank, through its private investment arm, and the Hongkong and Shanghai Banking Corporation, HSBC.

In 2005, the Ugandan government granted New Forests a 50-year license to grow pine and eucalyptus forests in three districts, and the company has applied to the United Nations to trade under the mechanism. The company expects that it could earn up to $1.8 million a year.

But there was just one problem: people were living on the land where the company wanted to plant trees. Indeed, they had been there a while…

An evicted woman shows proof of land ownership | Credit: Sven Torfinn for The New York Times

Olivia Mukamperezida, 28, said her house was among the first in her community to be burned down. One day in late 2009, she said, her eldest son, Friday, was sick at home, so she went out to find medicine. Villagers suddenly told her to rush back. Everything was incinerated.

“I found my house when it was completely finished,” she said. “I just cried.”

Ms. Mukamperezida never found the culprits. She buried Friday’s bones in a grave, but says she does not know if it is still there.

“They are planting trees,” she said.

(Read the rest of the NYT story here.)

And then there’s this:

Armed troops acting on behalf of a British carbon trading company backed by the World Bank burned houses to the ground and killed children to evict Ugandans from their homes in the name of seizing land to protect against “global warming,” a shocking illustration of how the climate change con is a barbarian form of neo-colonialism.

The evictions were ordered by New Forests Company, an outfit that seizes land in Africa to grow trees then sells the “carbon credits” on to transnational corporations. The company is backed by the World Bank and HSBC. Its Board of Directors includes HSBC Managing Director Sajjad Sabur, as well as other former Goldman Sachs investment bankers.

The company claims residents of Kicucula left in a “peaceful” and “voluntary” manner, and yet the people tell a story of terror and bloodshed.

Villagers told of how armed “security forces” stormed their village and torched houses, burning an eight-year-child to death as they threatened to murder anyone who resisted while beating others.

“We were in church,” recalled Jean-Marie Tushabe, 26, a father of two. “I heard bullets being shot into the air.”

“Cars were coming with police,” Mr. Tushabe said, sitting among the ruins of his old home. “They headed straight to the houses. They took our plates, cups, mattresses, bed, pillows. Then we saw them getting a matchbox out of their pockets.”

An Oxfam report documents how the British outfit has worked with the Ugandan government to forcibly expel over 20,000 people from their homes using terror and violence as part of a lucrative scramble for arable land that can be used to satisfy the multi-billion dollar carbon trading ponzi scheme, which is worth $1.8 million a year to the company.

(Read the full article here.)

This is just one example of the unintended (?) consequences of the universally-ignorant support by multitudes of morally self-righteous, urban rich white people, for “pricing carbon” in the name of “saving the planet”.

But that’s ok … those are just dirt poor BLACK people, aren’t they? And the urban white self-righteous hate everything black … think black balloons coming out of air conditioners … except perhaps for their oh-so-fashionable “wicked” little black dress for an indulgent night out.

As has been demonstrated countless times on this blog – including from the government’s legislation – the “carbon tax” has never had anything whatsoever to do with climate change.

It is, and always has been, all about money. Derivatives, to be precise.

“Putting a price on carbon” is all about legally enabling the predatory financial sector to rape the world all over again, with a new derivatives-based ponzi scheme, after their Western world real estate derivatives bubble exploded (GFC1).

It is a very simple scam.

Carbon “pricing” creates in law a new artificial ‘commodity’ called “carbon ‘units’, having an artificially-created (by proclamation) monetary value.

Who benefits?

On the lower level, governments. The basic carbon “price” for selling (on threat of gaol) their “permits” to “pollute”, represents a new cashcow for politicians. For handing out to their mates, favouring special interests, and bribing the ever-more welfare-dependent electorate to vote for them (ie, keep them in power).

On the higher (unseen) level, the international shadow banking sector. “Pricing carbon” means they can (a) cream off billions in fees and commissions on the trade in those permits, but far more importantly (b) instantly create unlimited quantities of wholly unregulated carbon derivatives, to gamble on unregulated international trading markets.

Exactly like the Western real estate bubble.

If you support “putting a price on carbon”, then what you are really supporting is two outcomes.

Impoverishing the West.

And genocide of black people.

All for the benefit of … not the environment … but bankers.

Barnaby Punches On

14 Oct

Senator Joyce writes for The Punch today:

An unaffordable tax beyond all regional doubt

When I think of regional Australia, I think of long drives, lots of wildlife and lights in the sky not on the ground. There is another thing that now distinguishes regional Australia: an absolute rejection of the carbon tax.

Senator John Williams recently conducted a poll in the seats of New England (based around Tamworth) and Lyne (based around Port Macquarie). After receiving over 9,400 responses, 89 per cent of residents are against the carbon tax.

The reason for this is not that hard to fathom. When it comes to the carbon tax, the greater the distance, the greater the cost.

From 2014, the carbon tax will apply to transport fuels, making the costs of getting things out to regional Australia more expensive.

People in regional Australia already pay more for electricity too. Australians in regional NSW spend 25 per cent more on electricity than those in Sydney and Australians in regional Victoria spend 30 per cent more than those in Melbourne. There are already people out there who can’t afford the price of power as it is.

The carbon tax will make our industries less competitive. That is its whole point. That means some will lose their jobs, even if jobs are created elsewhere.

What sort of solace is that to the coalminer in the Hunter valley who must tell his wife and kids that they have to move to western Queensland to keep a job? They probably would like to stay in the Hunter where their family, friends and home are.

Most of the jobs forecast to be lost as a result of the carbon tax will be in regional Australia because that is where the mining, manufacturing and power generation jobs are.

Economic modelling by the Queensland Labor government found that the carbon tax would see 41,000 fewer Queensland jobs, with the biggest impact in regional areas. The Rockhampton and Gladstone area will see economic activity fall by 8.2 per cent, the Mackay area by 5.7 per cent, double to triple the impact of the carbon tax on the rest of Australia.

NSW Treasury figures show that the carbon tax will lead to 31,000 lost jobs in NSW but over 26,000 of these jobs would be in regional Australia, including 18,500 in the Hunter, 7000 in the Illawarra and 1000 jobs in the central West.

Some of Australia’s most competitive manufacturing companies are in the food processing industry located near Australia’s world-class agriculture. The carbon tax will add $3.3 million per year to the costs of just one of JBS Australia’s abattoirs. JBS employs over 4000 people in regional Australia. After the live cattle fiasco, the last thing our beef industry needs is a carbon tax.

Unemployment in regional Australia is already higher at 6 per cent, compared to 5.1 per cent in the rest of Australia.

Given all this you would think that a government seeking to introduce a carbon tax would carefully analyse its impact on the smaller towns and communities which may not be able to recover if their local abattoir or mill cannot survive the higher costs of a carbon tax.

But, no, the government has not released any economic modelling of the impact of the carbon tax on regional areas. That’s despite the Queensland, New South Wales and Victorian governments doing so, although they haven’t had access to the same economic models that Canberra has used because Wayne Swan refuses to release them.

The Government is treating Australians, particularly regional Australians, with absolute contempt. The people of Rockhampton want to know what the carbon tax means for them, the people of Newcastle want to know what the carbon tax means for them and the people of the La Trobe valley want to know what the carbon tax means for them. The government, though, is refusing to give them any answers.

When the last Coalition government faced heat over National Competition Policy in the 1990s it asked the Productivity Commission to evaluate what its impact had been on regional Australia. It made these results public, including the finding that employment was lower in 33 out of 57 Australian regions because of national competition policies. Not everyone liked NCP but at least the government was up front about its impacts.

Another poll released the other day showed that one out of every two Australians think that minority government has been bad for Australia. Is that any wonder when we have a government which goes back on its promises and fails to be up front with the people about its own policies.

And for the Canberra Times yesterday:

Mad carbon tax burns hole in Labor’s credibility

It is a frightening thought that our nation is about to recalibrate its economy on a colourless, odourless gas at a time when the global economy is on the edge of a precipice.

It is deeply saddening that the warrants, given before the last election on the banks of the Brisbane River to national television, that ”there will be no carbon tax under the government I lead”, mean nothing and that by reason of this the dignity of the office of prime minister has been sullied.

It is a very bad day for democracy when the views of the Australian people as voted for at a federal election, then reinforced in all the polls since, are to be ignored.

It is historically momentous that the oldest party in Australia has been dragged so low that they are now the captive to the peripheral extremism of the Greens party, which is quite evidently determining substantial sections of the Labor Government’s policy.

Former Labor leader Kevin Rudd is obviously on the move against Prime Minister Julia Gillard and there is no love lost between the two or reason for any dtente. Australia is suffering all the signs of a government which is in critical and dangerous demise as they fight each other, rather than sail the ship which is now heading toward a rather large economic iceberg.

Last week we borrowed an extra $2billion, again, and we are now $212billion in gross debt. Our manufacturing industry is in real trouble and the final thing our nation needs is a tax that removes the strategic advantage we have, cheap power.

Industry lobbyists have been literally running around desperately trying to cover the multiple exposures coming down the path to them. Their frustration is palpable.

The banks are happy, however, they are about to score a ticket to billions of dollars in commissions. This is the new world that the Greens have forced on a capitulated Labor, which is now stumbling around making excuses for this complete and dangerous policy fiasco.

As Manufacturing Australia’s Dick Warburton said, the commodity boom will one day end then our economy will be one of services, banks and agriculture. This trio will be trying to pay off a massive debt left by a party that maxed out the credit card when there was a minerals boom.

May the divine spirit have mercy on us, as our nation tries to pay the debt off when China decides that it does not wish to pay us as much as it used to for our coal and iron ore.

The key issue is this, whether you are the most fervent supporter of the argument on human induced global warming, or alternatively believe that human capacity to change the climate is vastly overblown, there is one unifying fact; Australia’s action on carbon reduction will have no effect whatsoever on the climate, it is merely a gesture.

So how much do you wish to pay for this gesture? Labor’s political position is that on the one hand it will have little price effect, which if that is true then the carbon tax as a pricing mechanism is pointless, yet it comes with a multiple $100million bureaucracy.

On the other hand, if it does have a bad effect then Labor promises to compensate you. People only get compensated if they have been unjustly hurt. So who by this statement does Labor believe will be hurt? Pensioners, steel production, coal mining, power companies, low-income earners all by Labor’s own admission of compensation will be hurt by this pointless gesture to placate the policy desires of the Australian Greens.

The final lunacy is that Australia signs up to send up to $57.9 billion a year to the very dubious carbon credit market overseas. Your loss of lifestyle will support the most lucrative scam market in the history of the planet.

So good luck finding the mythical green jobs they promise, good luck paying back the debt and, most importantly, the best of luck finding one Labor member who will say that they will campaign at the next election knowing they are personally responsible for the predicament this mad tax put us in.

UPDATE:

If only it were true.

And … if only Senator Joyce sent his knockout punch in this direction too –

A Word Of Encouragement From Barnaby

13 Oct

From Senator Joyce yesterday:

In response to this tweet:

Stay motivated?

And mobilise?

It’s a movement. You should join it.

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