The Federal Opposition is promising to spend nearly $420 million to support mining exploration and promote research into clean coal technologies.

It says most of the money will come from redirecting money from the Labor Government's carbon capture and storage program.

Opposition resources spokesman Ian Macfarlane says the Coalition's policy has a broad focus, including investment in biochar, biofuels and clean coal.

"What this Coalition is doing, if we're in Government, is to offer opportunities to spread that risk," he said.

"So whilst the Labor Party is completely captured on coal and carbon geo-sequestration, we're saying there are other ways that we can do this."


http://www.abc.net.au/news/stories/2010/08/14/2982935.htm?section=justin

buzzanddidj wrote on Aug 14^th, 2010 at 11:58am:

The Federal Opposition is promising to spend nearly $420 million to support mining exploration and promote research into clean coal technologies. It says most of the money will come from redirecting money from the Labor Government's carbon capture and storage program. Opposition resources spokesman Ian Macfarlane says the Coalition's policy has a broad focus, including investment in biochar, biofuels and clean coal. "What this Coalition is doing, if we're in Government, is to offer opportunities to spread that risk," he said. "So whilst the Labor Party is completely captured on coal and carbon geo-sequestration, we're saying there are other ways that we can do this." http://www.abc.net.au/news/stories/2010/08/14/2982935.htm?section=justin

Clean coal technology :) LOL

Just flushing more tax payers money down the toilet :(

Why not 400 million for an all Australian electric car which we know can definitely be made ?

Oh but I forgot the libbos don't believe in manufacturing anything. That's for other countries to do :(

Sir lastnail wrote on Aug 14^th, 2010 at 12:58pm:

buzzanddidj wrote on Aug 14th, 2010 at 11:58am: The Federal Opposition is promising to spend nearly $420 million to support mining exploration and promote research into clean coal technologies. It says most of the money will come from redirecting money from the Labor Government's carbon capture and storage program. Opposition resources spokesman Ian Macfarlane says the Coalition's policy has a broad focus, including investment in biochar, biofuels and clean coal. "What this Coalition is doing, if we're in Government, is to offer opportunities to spread that risk," he said. "So whilst the Labor Party is completely captured on coal and carbon geo-sequestration, we're saying there are other ways that we can do this." http://www.abc.net.au/news/stories/2010/08/14/2982935.htm?section=justin Clean coal technology :) LOL Just flushing more tax payers money down the toilet :( Why not 400 million for an all Australian electric car which we know can definitely be made ? Oh but I forgot the libbos don't believe in manufacturing anything. That's for other countries to do :(

I know Iam is gunna have a ball with this. But my Dad works in a electricity generator and he says that it is quite possible and quite realistic to use Clean coal technology.  

Mining companies are more than capable of funding their own exploration work. There are more than enough economic mechanisms in place to ensure they reap the rewards for their efforts.

So , basically let me get this straight, , Abbott's NOT only saving the Mining bosess money he is also Supporting them. Arrhhh.

yes Let OUR tax money go to Clive

wrote on Aug 14^th, 2010 at 4:55pm:

So , basically let me get this straight, , Abbott's NOT only saving the Mining bosess money he is also Supporting them. Arrhhh. yes Let OUR tax money go to Clive

Ya beat me to it, vegi.

More along the lines of NOT taxing them fairly AND throwing money at them as well.

Is Abbott all there?

:D :D

Lobo wrote on Aug 14^th, 2010 at 7:25pm:

wrote on Aug 14th, 2010 at 4:55pm: So , basically let me get this straight, , Abbott's NOT only saving the Mining bosess money he is also Supporting them. Arrhhh. yes Let OUR tax money go to Clive Ya beat me to it, vegi. More along the lines of NOT taxing them fairly AND throwing money at them as well. Is Abbott all there? :D :D

No, Julia is though. At least she hasn't got a stupid laugh.

http://www.youtube.com/watch?v=ZO-7OycRNp0
:D :D :D

Lobo wrote on Aug 14^th, 2010 at 7:25pm:

wrote on Aug 14th, 2010 at 4:55pm: So , basically let me get this straight, , Abbott's NOT only saving the Mining bosess money he is also Supporting them. Arrhhh. yes Let OUR tax money go to Clive Ya beat me to it, vegi. More along the lines of NOT taxing them fairly AND throwing money at them as well. Is Abbott all there? :D :D

I suppose it's only fair
Given the amounts poured into anti Labor Party television campaigns, why SHOULDN'T they be re-imbursed by a Coalition government - courtesy of the tax-payer ?

You know this policy of Abbotts alone is a double tax on the people.

Firstly ,now the people will have to pay tax for  the money that the mining tax could have covered.  As well as another tax to fund the mining assistance program..
And they say under labor we will be worse of ..  I cant believe that rant.

"Clean Coal", is a little bit like "compassionate, thinking, Liberal voter"
As they are both oxymorons, although you could probably just drop the oxy off the Libs. ;).

buzzanddidj wrote on Aug 14^th, 2010 at 11:58am:

The Federal Opposition is promising to spend nearly $420 million to support mining exploration and promote research into clean coal technologies. It says most of the money will come from redirecting money from the Labor Government's carbon capture and storage program. Opposition resources spokesman Ian Macfarlane says the Coalition's policy has a broad focus, including investment in biochar, biofuels and clean coal. "What this Coalition is doing, if we're in Government, is to offer opportunities to spread that risk," he said. "So whilst the Labor Party is completely captured on coal and carbon geo-sequestration, we're saying there are other ways that we can do this." http://www.abc.net.au/news/stories/2010/08/14/2982935.htm?section=justin

Are you sure this isn't a gee up from the Chaser boys?
Surely this cant be real.
Looks like Clive and Ziggy really did buy the Liberal Party, then again they say they are the party small business/free enterprise so I suppose it was only time before someone with enough money came along.

While they're at it they should throw some money at the banks, they're doing it tough, the capitalists have to stick together.

Perhaps it is to try to redress some of the ills the GALP have delivered to us?

Under the GALP there has been an unprecedented sell off of mines, mining companies and infrastructure development to the Chinese government.

If we can get local miners to develop materials rather than just sell the farm to foreign governments some of the money may stay here?

Ex Dame Pansi wrote on Aug 16^th, 2010 at 6:04am:

While they're at it they should throw some money at the banks, they're doing it tough, the capitalists have to stick together.

Yes, the GALP have certainly made the banks very, very profitable haven't they.

And delivered them the vast bulk of customers.

Whatever happened to the mortgage competition the coalition left us?

mozzaok wrote on Aug 15^th, 2010 at 7:27pm:

"Clean Coal", is a little bit like "compassionate, thinking, Liberal voter" As they are both oxymorons, although you could probably just drop the oxy off the Libs. ;).

As the Libs delivered better health outcomes, funding for tertiary education into the future, more jobs, better wages and greater competition between banks you may want to reconsider your post.

deepthought wrote on Aug 16^th, 2010 at 6:38am:

Perhaps it is to try to redress some of the ills the GALP have delivered to us? Under the GALP there has been an unprecedented sell off of mines, mining companies and infrastructure development to the Chinese government. If we can get local miners to develop materials rather than just sell the farm to foreign governments some of the money may stay here?

Please name the Australian Government owned mines sold to China.
You cant can you
2 reasons
1) no mines are owned by the Australian Government
2) see 1 & therefore they cannot sell any
Private enterprise has sold the mines to China & if Labor tried to stop it you'd be howling government interference,COMMUNISM etc etc.
Your HYPOCRISY is breath taking, stick with dog whistles.

Oh & BTW the development of materials is called MANUFACTURING something both Liberal & Labor governments have watched die.
Again the HYPOCRISY at laying the blame at just 1 party shows how one eyed your thinking is.
Does a parrot live on your shoulder me'hearty??? :D

Dsmithy70 wrote on Aug 16^th, 2010 at 11:51am:

deepthought wrote on Aug 16th, 2010 at 6:38am: Perhaps it is to try to redress some of the ills the GALP have delivered to us? Under the GALP there has been an unprecedented sell off of mines, mining companies and infrastructure development to the Chinese government. If we can get local miners to develop materials rather than just sell the farm to foreign governments some of the money may stay here? Please name the Australian Government owned mines sold to China. You cant can you 2 reasons 1) no mines are owned by the Australian Government 2) see 1 & therefore they cannot sell any Private enterprise has sold the mines to China & if Labor tried to stop it you'd be howling government interference,COMMUNISM etc etc. Your HYPOCRISY is breath taking, stick with dog whistles. Oh & BTW the development of materials is called MANUFACTURING something both Liberal & Labor governments have watched die. Again the HYPOCRISY at laying the blame at just 1 party shows how one eyed your thinking is. Does a parrot live on your shoulder me'hearty??? :D

it makes you wonder where these people get their information from. Do they dream it do they make it out for does some fool tell them and they believe it    . But at least it's good for a laugh :)

Ex Dame Pansi wrote on Aug 16^th, 2010 at 6:04am:

While they're at it they should throw some money at the banks, they're doing it tough, the capitalists have to stick together.

Are you stupid enough to forget that that is EXACTLY what labor did? throw money at the banks? Yes, you ARE that stupid!

longweekend58 wrote on Aug 16^th, 2010 at 6:52pm:

Ex Dame Pansi wrote on Aug 16th, 2010 at 6:04am: While they're at it they should throw some money at the banks, they're doing it tough, the capitalists have to stick together. Are you stupid enough to forget that that is EXACTLY what labor did? throw money at the banks? Yes, you ARE that stupid!

Please tell which banks did the Labor govt throw money at ?  ;D

Enforcer wrote on Aug 16^th, 2010 at 7:02pm:

longweekend58 wrote on Aug 16th, 2010 at 6:52pm: Ex Dame Pansi wrote on Aug 16th, 2010 at 6:04am: While they're at it they should throw some money at the banks, they're doing it tough, the capitalists have to stick together. Are you stupid enough to forget that that is EXACTLY what labor did? throw money at the banks? Yes, you ARE that stupid! Please tell which banks did the Labor govt throw money at ?  ;D

all of them in the form of the guarantee. they also assisted in the support of overseas credit lines.

deepthought wrote on Aug 16^th, 2010 at 6:46am:

mozzaok wrote on Aug 15th, 2010 at 7:27pm: "Clean Coal", is a little bit like "compassionate, thinking, Liberal voter" As they are both oxymorons, although you could probably just drop the oxy off the Libs. ;). As the Libs delivered better health outcomes, funding for tertiary education into the future, more jobs, better wages and greater competition between banks you may want to reconsider your post.

True.

Dsmithy70 wrote on Aug 16^th, 2010 at 11:51am:

deepthought wrote on Aug 16th, 2010 at 6:38am: Perhaps it is to try to redress some of the ills the GALP have delivered to us? Under the GALP there has been an unprecedented sell off of mines, mining companies and infrastructure development to the Chinese government. If we can get local miners to develop materials rather than just sell the farm to foreign governments some of the money may stay here? Please name the Australian Government owned mines sold to China. You cant can you 2 reasons 1) no mines are owned by the Australian Government 2) see 1 & therefore they cannot sell any Private enterprise has sold the mines to China & if Labor tried to stop it you'd be howling government interference,COMMUNISM etc etc. Your HYPOCRISY is breath taking, stick with dog whistles. Oh & BTW the development of materials is called MANUFACTURING something both Liberal & Labor governments have watched die. Again the HYPOCRISY at laying the blame at just 1 party shows how one eyed your thinking is. Does a parrot live on your shoulder me'hearty??? :D

Have you heard of the Foreign Investment Review Board (FIRB)?

In order for foreigners to purchase property an application must be lodged with the FIRB.

You will note I did not say that the Australian Government sold a mine, and once you read my post again (possibly for the first time) you will see I actually said "there has been an unprecedented sell off of mines, mining companies and infrastructure development to the Chinese government".

The government (via the FIRB) determines what is or is not sold, and major decisions are generally escalated all the way to the minister responsible.

While the coalition rejected previous bids for such holdings on the basis that the best interests of the nation are not served  by foreign governments owning Australia's mines, the GALP had no such reservations and for the first time in Australia's history a foreign government controlled mines in Australia.


Quote:

Felix Resources takeover given nod THE Rudd Government has approved China's biggest-ever takeover in Australia's mining sector, Yanzhou Coal's $3.3 billion bid for Queensland's Felix Resources, subject to a long list of conditions. "It represents the first time a Chinese state-owned enterprise operating in Australia will list on our stock exchange.

This is the GALP you defend.  They sold Australia by the tonne while you denied it was happening.