ivor rees joins the 'baseless rampers', page-9

Thanks for the post Yaq. Very informative.

I see the local agitator is still on the threads, and you are still responding to him :)
12 months on and I am sure he is just as pessimistic. You must feel for anything that he loves if this is the way he loves it :)

Anyway here are some interesting facts for my friend if you are out there:

Where were we 40 years ago?
-In 1970 Australia had 13.6m people
-The world had a meagre 3.6 billion people
-Australia was consuming a net amount of 2400PJpa of energy, made up in part by a small 427PJ of electricity


Where are we now?
-Australia has 22.6m people
-In August, the worlds population is predicted to crack 7 billion
-Over the past 40 years, Australia has consumed a cumulative amount of energy equal to 161,612PJ comprised of 43,348 PJ of electrcity gen (yes that took some approximating and mathematical gymnastics to come up with.
-Santos is increasing its stake in ESG
-Santos has taken out a 700mEuro subordinated loan
-NSW has 0 PJ of oil reserves.
-NSW is the largest energy consuming state in Australia
-831 PJ is NSW current annual consumption of black coal alone


Where are we going, 40 years on?
This is where it gets interesting...

-In 2050 the world is predicted to have 9.3 billion people in the median case prediction by the UN for population growth.
-Australia will have run out of oil 30 years before this in 2020 (based on current reserves to production span of 10 years)
-Santos will still have another 20 years still left on their subordinate debt for GLNG1/2


So with all these people...

With certainty coming in the form of a carbon price...

With so much current carbon intensive generation...


..Does ESG look like an asset which is valuable now and in the future?

SF