BigOl64 wrote on Jun 5
th, 2013 at 5:10pm:
Chimp_Logic wrote on Jun 5
th, 2013 at 5:00pm:
The AUstralian mining and energy resource sector is 83% foreign owned.
Also a majority of the power stations, which are almost all coal fired, are foreign owned as well (NSW also going down the privatisation pathway, just like Victoria)
On top of that the mining and energy sector employs about 3% of the total Australian workforce. In fact there are more people employed in the Queensland tourism industry than the entire mining and energy sectors.
As far as your comment on base load power in North Queensland is concerned, what a great opportunity to invest in solar thermal - just like Spain, the USA and many other nations have done.
And you have perfect sunshine for it!! And its base load technology that uses molten salts to store energy during the night.
cheers!
Sh1t, if BHP, reinhart, palmer, twiggy and the rest own so little, why is everyone so up in arms about their minuscule efforts? But I, as you digress.
If you google copper string project, which we NTH QLDers spent a lot of time and effort to try and get going, included the latest in green power; but such is not to be.
You would be hard pressed to find 650 000 people anywhere outside of a third world country that doesn't have base load power close by. Well we're just the cash register for south east Queensland and that's all that has ever mattered to them.
lol,
BHP is over 50% foreign owned and RIO Tinto is about 80% foreign owned
Overall the mining and energy resources sectors in Australia is 83% foreign owned. 55% of that foreign ownership is in the hands of multinational US corporate giants.
When you talk about Palmer, Reinhart and Twiggy you are talking about 12% ownership of the resources sector (combined)
In fact Palmer, Reinhart and Twiggy aren't the problem even though they are very wealthy and pay little tax. But at least they are AUSTRALIAN CITIZENS and declare their assets and profits under the Australian umbrella. Unlike the 83% of shareholders who mainly live in the financial capitals of the USA etc...
Notice how the face of the mining industry that the media loves to bash is the Clive, Reinhart and Twiggy faces?
Looks like 83% foreign ownership is NOT ENOUGH for these foreign US corporations - they want it ALL - and they will get it too.
The TV networks in Australia are also foreign owned by US and Canadian private equity groups. Kind of explains their media agenda doesn't it? You think these foreign media attack dogs will question the foreign ownership of Australias biggest wealth assets? They don't even publicise the fact. Instead they attack the easy targets of Twiggy, Clive and GIna in their foreign owned corporate spinned up media machines.
Australia must be the dumbest nation on the planet - by far!