Target $18.72, page-2169

As someone that has studied science and chemistry, if I was asked "do you believe in climate change" I'd respond with "it's not that I "believe" in climate change, I understand the science and the evidence.

Nice work @Alex.shipway as education is a good thing. With your studies you are on the right path to truly understand the full picture on climate change. Next semester you must be due to study the most serious type of climate change there is for all of us - Political Climate Change. The change in the political climate poses risks for all of us investors with the federal government discussing possible measures in next Wednesday's cabinet meeting although it's likely they will leak some exaggerated details before the meeting so they get a sense of the reaction from those impacted, just like they leak most budget details before the budget.

They must be two independent events as the government has firstly said it is consulting with industry on possible changes/capping on coal prices before any changes are announced next week and the second event is the WHC CEO selling off some shares recently. Must be just an unfortunate coincidence with the timing.

There is merit in selling off some holdings because any measure that restricts prices is going to have a big impact on the share price of coal companies on the day they are announced. Yes, most of us understand that companies like WHC & NHC export most of their production and that local coal power stations may not be able to actually use the coal that WHC produce as Australia has failed to invest in modern coal stations that can make the best use of high quality coal. This is unlikely to stop a sell off on the day though, so the buyback team better be ready for it with everyone's annual leave cancelled next week.

It's a tough choice at the moment with the political headwinds versus the increasing price of coal, debt free status of large coal companies, buyback in progress, dividends starting to grow and a weak Aussie dollar - it all seemed to be going so well until politics raised its ugly head.

On another note if there are times during the day when renewables are supplying the majority of electricity why aren't those companies also being asked to make a contribution to reducing costs.