Author: Michael West

Adani trumps sale of Manhattan as worst deal in history

The sale of Manhattan Island to the Dutch is fabled as the worse deal of all time; worse even than Adani inveigling Australian politicians into paying for the world’s biggest new thermal coal mine, Carmichael. We disagree, however. Adani is worse. While it is true that the Dutch picked up New York for just 60 guilders worth of beads and trinkets, there is reasonable evidence to suggest that the Indians who sold them the island were not the rightful property owners anyway. The deal was struck by the Canarsie Indians who did not even live in Manhattan but liked...

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Bad deal, bad partner. Why Adani?

Why, if Adani’s gigantic Carmichael coal project is so on-the-nose for the banks and so environmentally destructive, are the federal and Queensland governments so avid in their support of it? Once again the absurdity of building the world’s biggest new thermal coal mine was put in stark relief on Monday evening via an ABC Four Corners investigation, Digging into Adani. Read more: Adani gives itself the green light, but that doesn’t change the economics of coal Where the ABC broke new ground was in exposing the sheer breadth of corruption by this Indian energy conglomerate. And its power too. The TV crew was detained and questioned in an...

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The Minerals Council, coal and the half a billion spent by the resources lobby

There is no peak body in the country which conducts its business as belligerently, and its proponents would say as successfully, as the Minerals Council of Australia (MCA). Flush with funding thanks to the contributions of its multinational mining company members such as BHP, Rio and Swiss-owned coal giant Glencore, the miners’ peak body can raise a campaign warchest at a moment’s notice. And it is uncompromising, often venomous, in its rhetoric. In 2010, the MCA managed to oust a sitting prime minister, Kevin Rudd, from office with a $22 million advertising blitz against the mining tax. Earlier this...

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Audit superhero Captain Can’tCount to the rescue

“Which #AuditorProud superhero are you?” asks Australia’s peak chartered accounting body today. “Are you an auditor? Take the quiz as we celebrate true superheroes #AuditorProud Day, 28 September 2017. #AuditorProud is a fun global initiative launched by the Centre for Audit Quality in the United States in which we partake to create the buzz around the world about the audit profession.” This correspondent is no auditor but we took the quiz anyway and here is the result: “35% Superman, 20% Spider-Man, 20% Iron Man, 5% Wonder Woman, 20% Batman, and 100% superhero!” The 5 per cent Wonder Woman is...

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BCA investigation: power of the business lobby in Australia

This is the first in a series of investigations into Australia’s most powerful business lobby groups. To begin, we have selected the Business Council of Australia, the most elite and influential peak body of them all. Among the findings, the nation’s premier corporate lobby group has broken the law at least 11 times in 20 years. The Business Council of Australia (BCA) notched up revenues of $11.4 million last year. The first duty of the lobby group is promote the interests of its members, and that sort of money buys a lot of influence. That, however, is the tip...

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New Michael West Podcast

Created by PodcastOne, this 3 part series looks into how Australia has gone from one of the cheapest countries in the world for energy to one of the most expensive, and reveals just what has happened with our gas and electricity supply and why we are on the verge of an energy crisis.

Listen to THE ENERGY TRUTH on the PodcastOne website

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