June 2013 Memo to Ethical Investors re ERM Power Limited

Since ERM Power Limited decided to invite itself into the Northern Rivers by way of investment in coal seam gas exploration and mining companies Metgasco, Clarence Morton Resources and Red Sky Energy it has become a company which is willing to override the concerns and wishes of local communities.

ERM is currently in a trading halt as it attempts to raise $60 million by way of placement and SPP in order to reduce debt and create working capital to progress its business plans, which include its interests in NSW North Coast coal seam gas production, reserves and exploration.

Ethical investors are asked to consider what participating in this offer may mean to established regional economies, water security, agriculture, lifestyle and amenity across New South Wales by way of potential adverse impacts associated with creating and operating gas fields.

A grace note from the Twitterverse

Abbott and Murdoch exposed

Rupert Murdoch's News Ltd The Australian 1 June 2013:

A growing number of the nation's estimated five million recreational anglers are furious that laws set to come into effect next year will lock them out of 1.3 million square kilometres of ocean. Some fear the bans could eventually extend to include iconic fishing spots such as Sydney Harbour and Melbourne's Port Phillip Bay.

With a view to the power of the swinging vote, up to 1000 anglers are expected to gather tomorrow at Torquay fishing club, in the heartland of the nation's most marginal seat -- Corangamite in Victoria, held by Labor's Darren Cheeseman by just 0.4 per cent -- to demand change.....

ABC Radio AM 4 June 2013:

GREG HUNT: Well unfortunately this particular process hasn't had genuine consultation and been based on deep science. 

From no_filter_Yamba 4 June 2013:

Hansard 4 June 2013:

Mr BURKE (Watson—Minister for the Arts,

Minister for Sustainability, Environment, Water and Population and Communities) (14:45):

On the weekend I saw a big article in The Australian that told me that there were going to be up to 1,000 people rallying in Torquay who were going to be very angry about this process. After The Australian article—and I will table it—there was no media coverage of it at all. Then I discovered the reason must be the funny way 1,000 people was calculated. Those numbers were in some way short—they used the shadow Treasurer to do the figures, clearly. Why would so few people turn up to the rally?

What the shadow minister for the environment did not tell them was that when they were making their speeches from the tinny they were speaking from—they spoke in a tinny, though admittedly it was on land—they did not let people know that if you wanted to go from that rally to an area where you are not allowed to fish, you would have to go out, turn left, go across the Bass Strait and, after 460 kilometres, you would get to the first place where you could not fish, a place where the no-fishing zone was put in place in 2007 when the member for Wentworth was the minister for the environment. The nearest restriction on recreational fishing was put in place by the Howard government when they were in charge.

This is a process where the science it has been based on was commenced under the Howard years. Some of these plans on the inside cover have the happy smiling face of the member for Wentworth and the member for Dawson for science. As for the process of consultation when they say, 'No consultation happened at all,' there were five separate rounds of consultation and three quarters of a million submissions engaged—in a process that works. What we found for the Great Barrier Reef Marine Park work which has now come back with restrictions put in place by the Howard government that they now conveniently forget, is that fish stocks do improve. Coral trout numbers are six times what they used to be. Crown of thorns starfish are at a quarter of the levels in the protected zones that they are in the rest of the park. It is a process which for 20 years had had bipartisan support, and which the opposition are hoping will come to nothing tonight... [my red bolding]

The Liberal-Nationals Coalition lost their six motions to disallow the Commonwealth Maritime Reserve Network Management Plans by one vote each time and Northern Rivers readers will recognise the Nationals MP whose name was on these motions as the same John Cobb who (as Assistant Minister for the Environment and Water Resources in 2007) supported in the unsuccessful Howard-Turnbull push to dam and divert east coast rivers - in particular, the Clarence River.

These disalllowance motions may have been unsuccessful, however they offer a window on the attitude an Abbott-led government would have to marine reserves and attempts to ensure sustainable fish stocks in Australian waters. 

Those wonderful folks who taught the Liberal Party's Cory Bernardi how to politik

From ‘To quarterback behind the scenes, third-party efforts’: the tobacco industry and the Tea Party:

Figure 1.

Connections between the tobacco industry, third-party allies and the Tea Party, from the 1980's (top) through 2012 (bottom). The thick black line connects CSE with its direct successor organisations. Online supplementary tables S1 and S2 provide more details on the linkages depicted in this figure.

Conclusion

The tobacco companies have created third-party allies, front groups and used public relations firms to foment the appearance of popular public opposition to tobacco control policies for decades. Tea Party strategy and leadership has important roots in these tobacco industry efforts. AFP and FreedomWorks, national organisers of the Tea Party, grew out of CSE, an organisation with strong ties to the tobacco industry. AFP and FreedomWorks continue to mobilise grassroots opposition to tobacco control policies despite the evidence that Tea Party supporters favour such policies. It is important for policy-makers, the health community and people who support the Tea Party to be aware of these complex and often hard-to-track linkages. Rather than being purely a grassroots movement, the Tea Party has been influenced by decades of astroturfing by tobacco and other corporate interests to develop a grassroots network to support their corporate agendas, even though their members may not support those agendas. Greater transparency of organisation funding is needed so that policymakers and the general public—including people who identify with the Tea Party—can evaluate claims of political support for, and opposition to, health and other public policies. It is important for tobacco control advocates, in the USA and internationally, to anticipate and counter Tea Party opposition to tobacco control policies and to ensure that policy makers, the media and the public understand the longstanding intersection between the tobacco industry and the Tea Party policy agenda.

A brief look at South Australian Liberal Senator and former Parliamentary Secretary to Opposition Leader Tony Abbott, Cory Bernardi…..

Herald Sun 19 September 2012:

During a Senate debate yesterday, Senator Bernardi suggested legalising same-sex marriage could lead to demands to legalise bestiality and polygamy.

The Global Mail 21 September 2012:

He’s not just a homophobic, Islamophobic, climate-change denying South Australian senator, he’s an ideological entrepreneur, importing the Tea Party’s ‘astroturf’ techniques and now training others in the faux-grassroots campaigns first cultivated by the American far right….

He's Sarah Palin, without the lipstick. And he's now gone rogue.

News.com.au 28 January 2013:

Senator Bernardi is an international delegate of the American Legislative Exchange Council, an anti-gun control and pro-tobacco group.

The Australian 27 May 2013:

Senator Bernardi is a supporter of Dutch anti-immigration MP Geert Wilders, who toured Australia in February and called for a ban on Muslim migration.

Julie Bishop denies The Guardian article

 From Facebook  Exposing Tony Abbott & The LNP - Memes & Stuff's Photos

ABC News 31 May 2013:

Indonesia has sent another clear message that it opposes the Federal Opposition's policy of turning back boats carrying asylum seekers. Indonesia's ambassador to Australia says his country would welcome whoever wins the election, but has ruled out collaborating on turning back the boats to his country. Nevertheless, the Coalition is vowing to press ahead with its policy to turn back boats where it's safe to do so.

Herald Sun 3 June 2013:

"At no time did I say in an interview ... that the coalition had either negotiated or reached an agreement with Indonesia," she said. "Indeed I said repeatedly in that interview that the coalition in opposition cannot reach agreements with foreign governments."

The Guardian 3 June 2013:

Here is the relevant extract from the transcript of Lenore Taylor's discussion with Julie Bishop:

Lenore Taylor: “On Indonesia, you always seem to say that you have had lots of discussions with Jakarta and you think you could manage the issue of turning back boats. Why do you think you could manage the issue of turning back boats given what Indonesian officials always say publicly? What do you know that we don't know about how about that could be managed?”

Julie Bishop: “Well I am not at liberty to tell you. I have had a number of conversations with high-ranking Indonesian ministers and officials, as has [immigration spokesman] Scott Morrison as has [Coalition leader] Tony Abbott and I am convinced we can work in cooperation with Indonesia to achieve our policy aim.”

Lenore Taylor: “So they would take boats back?”

Julie Bishop: “I am confident we would be able to achieve what we did in the past. The fact is they are Indonesian boats with Indonesian crew and I am sure we can work cooperatively with them and Lenore, one thing you understand about diplomacy and others do as well is the professional diplomats are paid to present, aah, particular views but what goes on behind the scenes can be quite different – what people say privately can be different to what they say publicly, that’s why I am devoting my time to quiet consistent diplomatic messaging and relationships.”

Australian Government helps bring international arms treaty to fruition

More than sixty countries had signed this international treaty in the first 24 hours it was open for signature. The Federal Labor Government can be proud of its role.

PRESS RELEASE BY THE HIGH REPRESENTATIVES OF ARGENTINA, AUSTRALIA, COSTA RICA, FINLAND, JAPAN, KENYA AND THE UNITED KINGDOM

New York 3 June 2013

Seven High Representatives welcome the opening for signature of the Arms Trade Treaty and encourage its early entry into force.

Today, the Arms Trade Treaty will open for signature at the United Nations. This is a welcome and extremely important milestone. It is the culmination of seven years of efforts to achieve a comprehensive Treaty to set common standards for effectively regulating the international conventional arms trade. The Treaty clearly shows the commitment of the United Nations to human rights and international humanitarian law.

We, the High Representatives of the seven co-author countries of the UN General Assembly Resolution on the Arms Trade Treaty, are heartened by the large number of States that will sign the Treaty today, many of which will be represented at Ministerial level.

It is vital that the Treaty comes into force as soon as possible and is effectively implemented. It is only then that the international community will have an effective tool to address the unregulated and illicit conventional arms trade that causes unspeakable human suffering throughout the world and undermines peace, security, stability and human rights. The co-authors, mindful of the many challenges that still lie ahead, will continue to work hard with other governments and civil society to achieve early entry into force and effective implementation of the Treaty.

We urge all States to make every effort to sign and ratify the Treaty as soon as possible. On 2 April 2013, the UN General Assembly adopted the Treaty by an overwhelming majority. We need to carry forward that same commitment now and get the largest possible number of States to sign and ratify the Treaty, so that it can be swiftly and effectively implemented. It is only then that the Arms Trade Treaty will be able to save lives and help achieve a safer, more just world.

Follow on Twitter: #ArmsTreaty #ATT

Hogan, are you with the Knitting Nannas or Nash's Nats? asks Saffin

Hogan, are you with the Knitting Nannas or Nash’s Nats? asks sitting Federal Labor MP for Page Janelle Saffin.

Nationals candidate Kevin Hogan really needs to answer that question soon - for his ability to represent those Northern Rivers communities taking a stand against coal seam gas exploration and mining is in question as reports continue to reveal his political bosses are not in the mood to not listen to party small fry like himself:

* The Coalition has stated that it wants to remove the additional layer of federal oversight for CSG projects should it gain power in September, and create a “one-stop shop” for approvals at state level.

* Worse still was Opposition resources spokesman Ian MacFarlane, whose own electorate of Groom takes in CSG proposals, calling on industry to work to ensure the controversy surrounding the gas sector rollout does not become an election issue.

He needs to further explain how he would rein in both his Coaltion colleagues and the industry given that in May 2013 even the Productivity Commission has observed:

the practices of some resource explorers (and some subcontract drilling operators and others) have tainted the reputation of the industry.

While just yesterday ABC News North Coast reported that an email trail revealed that NSW Liberal MP and Minister for Resources & Energy Chris Hartcher was so eager to accommodate Metgasco that he was determined to grant that company a CSG production lease ahead of approval conditions being established - apparently in an attempt to help Metgasco bolster its faltering share price.

A ploy which apparently worked - because in September 2012 Metgasco's share price did rally before once again beginning its inexorable fall.

http://www.abc.net.au/news/2013-06-03/foi-csg-ministerjpg/4730022

Update

The Daily Examiner 4 June 2013:

In another revelation, it seems Metgasco did not want to have any announcement about their production licence being granted before council elections on September 8, possibly because of the CSG referendum being held by Lismore City Council.

On 3 September 2012 Citicorp Nominees Pty Limited had 9,996,123 shares in ERM Power Limited which is Metgasco Limited's largest shareholder. This represented 5.93% of all issues shares and made the Commonwealth Bank of Australia its third largest shareholder.

Since then the Commonwealth Bank of Australia and its subsidiaries appear to have divested themselves of the bulk of these shares and the bank ceased to be a substantial shareholder in ERM on 7 May 2013. Has the bank also sold off its Metgasco shares?