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‘Adani’s Carmichael Mine Is Just Not Going to Happen’

first_img FacebookTwitterLinkedInEmailPrint分享Michael West for the Sydney Morning Herald:Much is the wailing and gnashing of teeth at the move by the Queensland government to approve the project but this approval is entirely political.The evidence is compelling. Carmichael is the whitest of white elephants.  It is all about the appearance of commitment to jobs, jobs that will never occur unless the coal price doubles, and it is about the government not getting bashed up by the opposition for being anti-jobs and abandoning its election commitments.Even Adani is coy. No sooner had the Indian conglomerate been granted approval than it deferred the project for another year. Buried in the detail of its press release was this: “opportunity for final investment decision and construction in 2017”.Reaching “final investment decision” would require willing financiers with a cool $10 billion just for Phase One. But Adani’s bankers have long since fled the scene.There would be no taxpayer support nor “dredging [of the reef] at Abbot Point [port] until Adani demonstrates financial closure,” said Resources Minister Anthony Lynham.Which brings us to the real world, financial closure; not only is the project “bankerless” but, apart from the Australian government, which is “energy-policyless”, the real world has moved on, quickly.The head of the world’s biggest power provider, chairman Liu Zhenya of China’s State Grid Corporation, recently told a US energy conference the ramp-up of renewable energy and ongoing integration of wind and solar power projects into the grid were gathering pace.“A fundamental solution [to address power needs and climate change] is to accelerate clean energy,” Liu told his audience of energy executives. The eventual aim was “replacing coal and oil.”The rapid build-up of renewables can be deployed quickly and economically. “Clean energy is competitive,” said Lui. “The only hurdle to overcome is mindset. There’s no technical challenge at all.”This, and equally enlightened energy policy in India, lies in stark relief to the utterances of the Australian resources-led regime, whose unwavering commitment to new fossil-fuel projects is quite bizarre, as though it is wilfully ignoring global realities, even economic realities, by flooding an already depressed market with new sources of supply.China Shenhua Energy Co, the world’s second-largest coal miner, declared last week it had delayed construction on more than 80 per cent of its coal-fired plants.Its 2015 annual report cites a 55 per cent decline in net profit to $US2.7 billion on a 30 per cent year-on-year decline in revenue.Domestic coal consumption in China fell 5 per cent in 2015, said  Shenhua, whose own coal sales were down 18 per cent, and it forecasts a further 8.4 per cent decline in its Chinese coal sales volumes this year. Australia is now competing against Shenhua, as an exporter.Its Watermark project in NSW, apparently still in train, is yet to win board approval and according to the Institute for Energy Economic and Financial Analysis (IEEFA), a green think-tank whose market forecasts have been spot on, Watermark is “inconsistent with Shenhua’s rapidly changing strategic direction”.Full article: Adani’s Carmichael Mine Is Just Not Going to Happen ‘Adani’s Carmichael Mine Is Just Not Going to Happen’last_img read more


December 31, 2020 0

Colorado Event and Festival Schedule Live Outside and Play

first_imgWe would love to see you at any and all events. Look for the van and come say hi. This tour is about getting outside, so if you want to head out for a hike or bike, that would be great too! The Live Outside and Play Road Team is on their way back to Colorado to celebrate the summer and play in the mountains. Six meetups, four festivals, and a boatload of adventures down, the west is calling and they must go. They have a summer full of events, with almost every weekend in a new location. Browse away, and then mark your calendars, we want to see your faces!CKS PaddlefestMay 25th through 28th | Buena Vista, ColoradoSunny Buena Vista welcomes you with a wonderful festival featuring whitewater, flat white and land events.CKS Paddlefest River Park Clean UpMay 28th | Buena Vista, ColoradoJoin us for a river clean up on May 28th after the festival to restore it to its pristine condition. Bags and gloves provided, prizes for those that help!Van Life Panel at A-LodgeMay 30 | Boulder, ColoradoAre you interested in #vanlife and don’t know where to start? We have nine panelist split into two groups ready to answer all your questions. Plus, the A-Lodge is a wonderful place to hang out.Lyons Outdoor GamesJune 2 | Lyons, ColoradoLast year a member of the Live Outside and Play road team did yoga with goats at this festival. For quirky fun and a plethora of beer tastings, come hang out with us in Lyons.Boulder Creek Cleanup with Rocky Mountain AnglersJune 4th | Boulder, ColoradoJoin us for a clean up right in town. Come after work ready to get dirty, and then stay for a bbq afterwords to thank you for the work.GoPro Mountain GamesJune 7th through 10th | Vail, ColoradoThis festival spans two separate villages in Vail and has a packed schedule. Families, athletes, and spectators gather for four days of excitement.Group Mountain Bike Ride with Kristi Mountain SportsJune 12th | Del Norte, ColoradoLet’s celebrate the Del Norte Trail Showcase and go out with a bang! Join us on the final ride of the celebration.FIBarkJune 14th through 17th | Salida, ColoradoIf you want to watch handmade floats battle their way down the Arkansas River from a ferris wheel, we know a festival.Gunnison River FestivalJune 22nd through 23rd | Gunnison, ColoradoLocated at the headwaters of the Taylor and Gunnison Rivers, with regional creeks flowing off the Continental Divide, Gunnison River Festival celebrates clean waterways and fun ways to use them.Ridgeway RiverFestJune 30th | Ridgeway, ColoradoCelebrating rivers and families, this day centers around the “Junk of the Unc” event where participants race unconventional rafts down the Uncompahgre River.Copper Mountain Music FestivalJuly 6th through 8th | Copper Mountain, ColoradoWith free music and plenty of activities, this festival celebrates Americana and Bluegrass music, set against a background of mountain biking and beautiful views.Elevation Outdoors Magazine’s Summit for Someone 2018July 28th | Mt. Democrat, Mt. Bross, and Mt. Lincoln, ColoradoElevation Outdoors is proud to partner with Big City Mountaineers this year to raise money and awareness for the work they are doing around the country. Check out the facebook invite for more information and how to participate.Salida Mountain Trails Trail Maintenance DayJuly 14th | Salida, ColoradoCome volunteer with Salida Mountain Trails, Salida Mountain Sports, and Elevation Outdoors Magazine while we help build new trail in Salida, Colorado. It’s going to be hard work, but absolutely rewarding.Boulder Group Camp OutJuly 21st | Boulder, ColoradoGet out and enjoy some camping with new friends and old. Join us for a relaxed group car camping experience just outside of Boulder.Après Day with Upslope BrewingJuly 28th | Boulder, ColoradoUnlike previous van life rallies we’ve put on with Upslope, this one will take place on a larger scale with Apres all day in the back parking lot (think their anniversary party). We’ll be celebrating the outdoor lifestyle and bringing in experts from the road and their vans for touring – and let’s be honest, showing off a bit.ARISE Music FestivalAugust 3rd through 5th | Loveland, ColoradoA meeting of the hippies. Complete with a star-filled music line up, downward dog, and workshops to enlighten the soul. Carve out this weekend in your summer for the perfect combo of zen and party.Van Life Rally Colorado SpringsJuly 28th | Colorado Springs, ColoradoWe’re rallying some of the local Colorado Springs van-lifers to give tours of their vans and have a fun night of raffles, adventure convos, and the best beer in town.Mountain Town Music FestivalAugust 17th through 18th | Keystone, ColoradoA fitting festival for our final hurrah in Colorado, the Mountain Town Music Festival celebrates vistas, seasonal treats, and sweet tunes. Make sure to stay for the signature fireworks show. There is one way for this tour to be a reality, our sponsors! Sending a thank you shout out to our title sponsor Nite Ize, and all of our other awesome sponsors like Crazy Creek, National Geographic, Sea to Summit, Mountain House, Lowe Alpine, Old Town, Leki, HydraPak, UCO Gear and Wenzel. If you like the gear that keeps us groovin’ click here to enter for a chance to win our Grand Gear Giveaway!last_img read more


December 30, 2020 0