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. ..."
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.
