If the environment has become Australia’s enemy, fossil fuels are its best friend once again. Two months after it struck down the carbon tax, the government forged a deal with a fringe party led by a mining tycoon to repeal a tax on mining profits. It appointed a noted climate-change skeptic—yes, another one—to review its renewable energy targets. Surprise: He’s expected to slash them. Independent modeling in a study commissioned by the Climate Institute, Australian Conservation Foundation, and WWF-Australia finds that the cuts to renewable energy won’t reduce Australians’ energy bills. They will, however, gift the country’s coal and gas industry another $8.8 billion U.S.
“The Saudi Arabia of South Pacific”.. Follow link to Slate website.