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Coal hard light of day for dud scheme June 17, 2012

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Coal hard light of day for dud scheme

SMH
June 17, 2012

Kevin Rudd’s decision to spend hundreds of millions of dollars on technology to capture and store carbon has failed to deliver.

They’ve conferenced in empire-style Parisian ballrooms and dined in Kyoto on food cooked by a genuine Iron Chef. But deeply disgruntled former staffers believe Australia’s $300 million Global Carbon Capture and Storage Institute has not achieved very much.

In 2008 the then prime minister Kevin Rudd decided a fledgling technology called carbon capture and storage was the key to two of his government’s big aims: joining a successful international fight to reduce global warming and continuing to be the world’s largest exporter of coal.

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Gillard faces revolt on economy June 10, 2012

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Gillard faces revolt on economy

NZ Herald
Jun 8, 2012

Australian Prime Minister Julia Gillard faces popular rebellion on key economic policies that could prompt their reversal if Labor loses power in the next election.

This includes the carbon tax due to begin on July 1 and its later evolution to an emissions trading scheme, and increasing foreign investment in mining and agricultural land, especially from China.

The latest annual Lowy Institute poll also shows Australians place little faith in the Government’s economic management, believing instead the minerals boom saved the nation from recession.

The poll’s findings on climate change policies present the most urgent issue for Gillard.

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Heavy ice could delay start of Shell Alaska’s Arctic drilling June 1, 2012

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Heavy ice could delay start of Shell Alaska’s Arctic drilling

The Kansas City Star
May. 26, 2012

SEATTLE — The heaviest polar ice in more than a decade could postpone the start of offshore oil drilling in the Arctic Ocean until the beginning of August, a delay of up to two weeks, Shell Alaska officials said.

Unveiling a newly refurbished ice-class rig that is poised to begin drilling two exploratory wells this summer in the Beaufort Sea, Shell executives said Friday that the unusually robust sea ice would further narrow what already is a tight window for operations. The company’s $4-billion program is designed to measure the extent of what could be the United States’ most important new inventory of oil and gas.

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