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Why is The Conversation still pursuing the Adani Carmichael Mine?

POLITICS
Why are we still pursuing the Adani Carmichael mine? Michael West, University of Sydney 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...
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Australian Bank Indicates It Will Not Refinance Adani

POLITICS
Adani’s financing for its proposed Carmichael coalmine could face a further hurdle, with Westpac appearing to indicate it will not refinance its existing loan to Adani’s coal terminal at Abbot Point. A recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) revealed Adani needed to refinance more...
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Mining companies’ links with politicians ‘susceptible to corruption’ – report

POLITICS
Transparency International Australia says particular corruption risk in regard to infrastructure approvals in Qld and WA A new report shines a critical light on the links between mining companies, lobbyists and politicians, pointing to the Indian mining giant Adani as an example of how a company with a questionable record...
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Don’t be fooled by the ‘Gas Crisis’

POLITICS
In the next few weeks there will be an announcement that a large, gas-intensive Australian manufacturer is to lay off about 1000 workers. The ripple effects this will have on society will be devastating and most certainly could have been avoided. It is likely this news will be made to...
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Companies that paid NO TAX 2013-2014

BUSINESS
The List of Australian Companies that PAID NO TAX in 2013 -2014 How to generate revenues of A$452,784,661,933 and PAY NO TAX Lifters or Learners?   In a future article we will investigate if there are political donors in this list - even though they made insufficient profit to pay tax! Pigsfly Newspaper Supporter Unlike many...
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Vital Signs: the spooky mortgage risk signs our bankers are ignoring

BUSINESS
Vital Signs: the spooky mortgage risk signs our bankers are ignoring There are signs our frothy housing market, combined with rising interest rates, could have serious consequences for our economy. Nick Vidal-Hall/Flickr, CC BY-SA Richard Holden, UNSW Vital Signs is a weekly economic wrap from UNSW economics professor and Harvard PhD Richard Holden...
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ATO 2013-2014 Corporate Tax – Groundhog Day – Who Did Not Pay Tax

BUSINESS
ATO Corporate Tax Report 2013-204 or TURBULL wants to give these guys Tax Breaks Why? More than a third of large public and private companies paid no tax in 2014-15, with 36 per cent of large firms reporting zero tax payable.
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ATO isn’t being honest with taxpayers about the $2.5b corporate ‘tax gap’.

POLITICS
More than a third of large public and private companies paid no tax in 2014-15, with 36 per cent of large firms reporting zero tax payable. The Australian Taxation Office was working with the government to ensure that it had the right public "messaging" before releasing its tax gap figures,...
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‘No one is steering the ship’: five lessons learned (or not) since the SA blackout

ENERGY
Kate Griffiths, Grattan Institute A year ago, the power system went down in South Australia. Homes and businesses across the state were without electricity for hours, some for days. While its specific causes have already been worked through, the nation’s most widespread blackout in decades quickly became a symbol of...
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We have enough cheap, easy-to-extract gas to last 100 years. There’s just one problem.

POLITICS
Hard to believe, isn’t it? But it’s true: in the last decade, tens of thousands of square kilometers of Queensland farmland has been covered in gas fields. The export gas rush in Australia is one of the largest and fastest expansions of a gas industry ever seen, anywhere in the...
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