abbott's coal powered future in strife, page-7

But there's more to the manner in which Tony Abbott's Govt turned it's back on the environment that may well endanger future investment in Australia by global investment banks; much more!

The extract below is from an article by Tom Allard in The Age online of 11.11.13:

"... Neither Foreign Affairs Minister Julie Bishop nor Environment Minister Greg Hunt will now be attending global talks in Warsaw on how to reduce global greenhouse emissions. Not even a parliamentary secretary will represent.

Hunt's focus, he said, would have to be on repealing the carbon tax, this nation's primary - and tentatively successful - measure to reduce carbon emissions. Then there were revelations of the culling of up to 1500 jobs at CSIRO, one of Australia's pre-eminent climate change research institutions.

And, perhaps most ominously, the Queensland government launched its plan to develop the Galilee Basin coal deposits, flagging royalty concessions to miners - including Clive Palmer and Gina Rinehart - who will build the mega mines slated for central Queensland. ..."

http://www.theage.com.au/federal-politics/political-news/abbotts-climate-change-achilles-heel-the-weather-20131108-2x6r8.html

Abbott's Government treated global environmental concerns with contempt; they may have thereby placed future investment in Australia at risk - forcing up interest rates, delaying and preventing projects and even bankrupting companies that had planned ahead.