@Roar987. You are right – the local ‘market’ has not cottoned...

@Roar987. You are right – the local ‘market’ has not cottoned on because they simply never considered. However local sentiment and government are finally turning when it comes to Energy policy, as renewable pipe dreams hit the cold hard wall of reality. I’m in the industry – and I’m seeing it – as banks and funds nervously look up at their disintegrating ‘clean flags’ whilst the smart money is plundering everything else. 90% Aussie fund managers are just lickspittles and tug the forelock to international trends. Those trends are firmly lining up for Nuclear and Gas. Not just USA – but take a look at Germany’s latest volte face.

Did someone say Schadendfreude.
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But back to Australia and a look at who our erstwhile fund managers genuflect too. I present the two greatest evangelists of our 'green energy future'. The foundation to Bowens / Albos ridiculous vision of Australia’s destiny as a leading 'green energy export nation' by 2030 (and juicy tax payer funded gifts for rent seeking grifters)

Case 1:
Name: Twiggy ( aka 'S##t Stick') Forrest.
Energy Expertise: None
Actual Expertise: Digging up and shipping red dirt very profitably - especially with tax breaks break for the mind boggling quantities of Diesel he burns doing this.
Plan to save the world : Green Hydrogen.
Status: In tatters.
Hypocrisy note: His Squadron Energy …and I quote from their website " Squadron Energy is Australia’s leading renewable energy company that develops, operates and owns renewable energy assets in Australia. We are 100% Australian owned". Hmm – no mention of a Hydrocarbon importation side hustle here.

As we know, Squadron are actually promoting the building of import facilities (with government $) to ship in relatively dirty gas (compared to Australia’s relatively low CO2 gas), and doing so with an additional filthy great carbon footprint of LNG tankers sailing all the way from the middle East to transport it here. So… to prop up his failing Squadron enterprise, the billionaire’s plan leaves a greater carbon footprint and forsakes local industry and jobs. Disgustingly, importing foreign gas also forsakes opportunities for local industry to provide much needed royalites and tax to fund Australian hospitals/schools/ NDIS… and fund the very windfarm tax funded subsidies he leaches off.

Also note, those foregone production royalites that would be for Australia, will now go to well-heeled Middle Eastern dictators.

To ice the cake – the ‘Stick’, as he shall be called, puts his hand out for government largesse for this abomination of a plan.

Case 2
Name: Mike Cannon Brookes.
Energy Expertise: None

Actual Expertise: Computer programming
Plan to save the world: Sun Cable - exporting Solar Energy to Singapore.

Status: In tatters. Sun Cable soon to be announced going into care and admin as all funders have backed out - for many reasons - not least of which is they can’t answer Singaporean requirement to have uninterrupted power supply (i.e. when the sun goes down). Hmmm - also no mention of the two existing solar farms stranded in tumbleweed in the NT.

Hypocrisy note: Fond of telling the Plebs to stop using gas (and by consequence telling Plebs to suffer the cold, lose industry and jobs) - all the while buys himself a private jet. Last used to fly to UK to visit his Formula 1 team. So… Victorians can take comfort as they start shivering through cold winters, unemployed and mired in debt, that MCB has got their backs. Or more accurately sees their backs as he flies out with a glass of champers. I will not even get onto the poor huddle masses in the developing world. But then again what does a computer coder care about impoverished masses who need energy.

Icing on the cake: His business fortune is built off, and indeed is critically dependant on energy hungry fossil fuel powered data centres. There seems a conspicuous lack of interest, commentary, and action by MCB to convert to 'clean' windmill and solar energy the daily Godzilla size carbon footprints his data centres business generates.

++++++++++++++++++++++++++++++++++++++++++++++++

So, In summary.

The Bad News:

The Wallies behind the Aust funds will wake up – but most likely only after their betters in the international markets have taken their positions in companies like TBN / Woodside / Santos etc. Sadly, those same Wallies will be wasting hard earned Aust superannuation money to back out of their disastrous flirtation with green mania, and be too late to realise full value of the Australian Energy Sector.

The Good News

The smart/contrarian money will make a fortune.

Good luck and fair winds to TBN holders