Sunday, 1 March 2015

So who are these Americans thought willing to put "tens of millions" of dollars into Tony Abbott's re-election coffers?


It causes enough unease to know that a Conservative Party peer of the realm sitting in the U.K. House of Lords financed past Liberal Party of Australia federal election campaigns to the tune of $1.5 million, now it seems Americans are expected to donate to Tony Abbott’s 2016 re-election coffers.

The Sydney Morning Herald 24 February 2015:

Mr Higginson wrote that he had raised $70 million since 2011 and recently "laid out my plans to the PM" to travel to the United States to raise "tens of millions" from donors.

Is the Prime Minister so unpopular with home-grown donors that he now has to look elsewhere for the big money?

Or is this trawl for foreign political donations part of the Abbott Government's "open for business" approach to governing?

ERM Power would like to bail out of coal seam gas miner Metgasco Limited ?


Metgasco Limited's largest shareholder appears to be losing interest in the fate of this coal seam/tight gas explorer and wannabe production company.

Unfortunately with the ordinary share price being firmly in the 2 cents range, ERM Power will have to wait before any move to sell off its interest in this company.

Argus Media


ERM Power mulls future of NSW gas assets
22 Feb 2015, 11.48 pm GMT
Sydney, 22 February (Argus) — Australian power and gas group ERM Power is still considering the future of its gas interests in New South Wales (NSW), which include an interest in independent coal-bed methane (CBM) gas developer Metgasco and some exploration areas.
ERM bought a 13pc stake in Metgasco in 2013, but the CBM exploration group has been hampered by a NSW government ruling halting further exploration at the company's Casino project because of community concerns and there has been no resolution to the issue.
"These assets are being impacted by regulatory uncertainty in NSW which, at this point, seems far from being resolved. We will continue to keep these assets on minimum expenditure until investment conditions materially improve," ERM said.
The company also operates its 100pc owned 332MW Oakey peak demand gas-fired plant in Queensland, which was only used 3pc of the time during July-December last year. Oakey reported a 3.8pc fall in its asset value from a year earlier to A$223mn ($174mn) in the six-month period. There were increased opportunities for Oakey because of higher volatility in electricity prices in Queensland during the 2014-15 summer, ERM said, with electricity spot market prices reaching the maximum price cap of A$13,000/MWh on numerous occasions.
km/rjd

On 24 February 2015 Metgasco Limited released its Financial Report For Half Year Ended 31 December 2014.

In the last six months of 2014 it recorded a loss of $2,105,164 with $955,547 of this figure listed as professional fees.

Presumably these fees are associated with its court case Metgasco Ltd v Minister for Resources & Energy which has been waiting judgment since the end of October 2014.

Since announcing its script merger with Elk Petroleum on 22 December involving a convertible loan facility for Elk of $2.5 million, Metgasco has lent Elk a further $1.4 million this year.

Metgasco's ailing fortunes will not have been helped by the fact that one of the main planks in its argument for the establishment of Northern Rivers gasfields - ie. that these gasfields would bring down the cost of gas for business and residential users - has been contradicted by the Select Committee on the Supply and Cost of Gas and Liquid Fuels in New South Wales (25 February 2015) report which states gas prices; will rise regardless of whether there is an indigenous supply...Eastern Australia is becoming part of a single global market for commodity gas, and wholesale prices are being increasingly set by international prices. In the future, it is likely that NSW gas retailers will have to compete with offshore demand and pay export parity prices for wholesale gas.

Saturday, 28 February 2015

Headline of the Week


WAtoday 27 February 2015

New Australian Health Minister Sussan Ley demonstrates she has as big a tin ear as her prime minister


Readers of The Australian newspaper on 21 February 2015 could be forgiven for wondering who was going to find themselves on receiving end of her 'examination' - the medical profession or bulk-billed patients.

The minister will see you now: Sussan Ley. Picture: Nick Cubbin Source: News Corp Australia

Tony Abbott fails to understand the nature of violence against women according to campaigner


Excerpt from The Age article Tony Abbott fundamentally misunderstands the violence against women epidemic by Phil Cleary on 16 February 2014:

Political life might look profoundly different for Tony Abbott had he not stood smiling in front of those misogynist banners "Ditch the Witch" and "Julia – Bob Browns (sic) Bitch" during his push to become Australia's 28th prime minister. Imagine if he'd shown genuine leadership and courage and torn asunder the hatred of women that bristled in those banners. Instead, he and Bronwyn Bishop revelled in the attention while campaigners against the epidemic of violence wondered how he could not grasp the deeper significance of his complicity in the banners.
Had Abbott not lent his name to words that mimicked the tawdry courtroom depictions of murdered wives as bitches and witches, maybe his creation of an advisory panel on family violence would have looked like the actions of a genuine prime minister. Instead, in the absence of a documented passion for the anti-violence cause, his announcement of such a panel reeks of opportunism in the face of the opprobrium that flowed from his knighting of Prince Philip. Without as much as talking to the campaigners, the Prime Minister created a panel then offered not an original thought about the extent of the violence against women, its origins, or how we as a society might begin to deal with it.
Don't get me wrong. The former Victoria chief commissioner of police, Ken Lay, is a passionate and admired campaigner against the violence. And the symbolism of Rosie Batty's appointment, along with her experience with the institutions entrusted with the task of protecting women and children, will be invaluable.
But what's the point of an advisory panel if you're up to your neck in cuts to the funding of frontline services crucial to the safety of women? If only Abbott had committed funds to fortify and extend those services, rather than promise an unpopular, hugely expensive paid parental leave policy (now thankfully shelved). If only he'd promised to sweep away the platitudes and address the inconvenient truth that it is violence against women by men that is our problem, and that the murder of Luke Batty was an act of male revenge against a woman, as was Robert Farquharson driving his three sons into a dam in 2005 and Arthur Freeman throwing his 4-year-old daughter, Darcey, off the Westgate Bridge in 2009……
The sad truth is that we don't regard the life of a murdered wife as being as valuable as that of a child. When a child is murdered by their father, it is invariably described as an inexplicable act and the source of unimaginable pain, as if the loss of a woman to a man who claims to love her isn't equally as painful for her parents. Children are always innocent, whereas too often a murdered wife must run the gauntlet of guilt.
Faced with the opportunity to expose these contradictions and the hypocrisy, and to stare down the attitudes that have fostered the killing of women, Tony Abbott has failed to deliver the appropriate leadership. After 25 years of campaigning, I'm not interested – nor are the campaigners I speak with – in politicians or commentators who camouflage the origins of the violence, disregard the lessons of the campaign, or won't say that the problem is men. Rather than inspiring me, Abbott's decision to create an advisory panel on family violence left me believing he didn't understand the nature of the violence stalking modern women. It is just one more reason his leadership of the country is under threat.
We've come a long way since the days when violence against women was regarded as secret men's business. So far have we come that it is now politically acceptable to select the mother of a boy killed by his father as Australian of the Year. Unfortunately, like so many times in his recent political career, Tony Abbott did not seize the moment. How different it might have looked had he said he would not and could not entertain those who blame the Family Court, or mothers, for the violence of a vengeful father. If only he'd stated that it is "un-Australian" to kill your wife. If only he'd posed for a photo with the parents or siblings of women murdered by an estranged man, especially those devastated by the misogynist provocation law or the failed defensive homicide law in Victoria.
Like so many campaigners, I long for the day when the murder of 60 women a year by intimate partners, estranged or current, produces the same sorrow and outrage from a prime minister and his opposition counterpart as does the killing of a child – and inspires a condolence motion in Parliament of the kind moved for the victims in the Martin Place siege. For that day will truly mark the beginning of the end for the wife killers and bashers.

Friday, 27 February 2015

MUUUM! He's doing that thing with the hair again!


Tony Abbott's changing hairline is not just a reflection of male vanity but may also be a barometer for his level of personal insecurity.

This is Tony Abbott in I don't give a damn mode:



This is Tony Abbott putting his best foot forward during a bad week in Canberra. The tonsorial comb over was on both sides of his part on 26 February 2015 and the 'hair product' he admits to occasionally using appears to have darkened his bald patch again:




Australia’s international standing sinks to a new low under Prime Minister Tony Abbott


The United Nations reacts.

International Coordinating Committee of National Institutions for the Promotion and Protection of Human Rights (ICC) letter to Prime Minister Tony Abbott concerning his government's treatment of the President of the Australian Human Right Commission, Prof. Gillian Triggs.

This letter was copied to the United Nations Commissioner of Human Rights.

On 26 February 2015 the ICC Chairperson spoke to ABC News Radio about his letter to Prime Minister Abbott and expressed his concerns about the federal government's treatment of the President of the Australian Human Rights Commission. 

The next ICC Bureau Meeting will take place on 11 March 2015 at the United Nations Palais de Nations in Geneva and, I suspect that the Australian Government will be discussed at some point.