LYC (ASX) Greetings from DAP

Originally posted by ausheds: ↑

BTW, here's the full text of PH's "promise" to shut Lynas down in pre election Manifesto:

Promise 39: Balancing economic growth with environmental
protection

Malaysia's development is now taking place without regard to
environmental protection and sustainability. The sea is so polluted that it
affects the fish habitat. Mining has become an uncontrolled activity until
entire areas have become red with dust due to pollution. Logging is licensed
without regard to rules and regulation until the catchment areas have
become dry which have caused severe flooding. In addition, the dams are
built near the rich tropical forests which pose threats various species of
animals. UMNO and the current government have ignored the protection of
flora and fauna which are extremely important to environmental protection
and preservation.
The current government is being dictated by large corporations and their
crony capitalists. People's welfare and environmental sustainability are not
their main concerns.
The Pakatan Harapan Government promises to govern the country based on
principles of sustainability and sustainable development. In short, it will be
an environmentally friendly Government.
Additionally, environmental policies and regulations will be regularly
reviewed and benchmarked against International Best Practices. All
development projects must comply with international environmental
protection standards before being granted approval. Approved or ongoing
controversial projects will be reviewed to ensure that they comply with
established standards.
The logging quota will be enforced strictly so that our forests are
conserved. At the same time, the Pakatan Harapan Government will
streamline and implement regulations to protect marine life, wildlife and
nature, and take punitive action against poachers and illegal loggers.
The Pakatan Harapan Government supports the United Nation’s Sustainable
Development Goals (SDG). The goal of reducing 40 percent carbon emissions
by 2020 is one of our key administrative measures. The new Government
would also focus on green technology development and renewable
energy. The industry has the potential to grow rapidly, creating more job
opportunities and ensuring increased returns.
Renewable energy through renewable resources will be increased from the
current 2 per cent to 20 per cent by 2025. We will also reduce the
dependence on coal power plants which is one of the power generation
methods that has a serious impact on CO2 emissions.
The country's investment policy will also be re-evaluated to give priority to
high technology industries and to use energy from renewable resources. All
laws and regulations pertaining to environmental management and
protection will be revised so that proper governance structures can be
created, in line with the increasingly demanding modern times.
Strict rules will be enforced to ensure that foreign companies in Malaysia do
not contribute to pollution.
We will set up a "National Coordination Council for Climate Adaptation and
Mitigation" that will coordinate the actions of the federal, state and local
governments to address the challenges of climate change.
The changing climate has led to the extreme weather phenomena which are
unpredictable. Towns and seaside towns are now prone to unprecedented
flood risks. While there are international efforts to stabilise the climate by
reducing carbon emissions, the Pakatan Harapan Government will
accelerate adaptation work so that both the infrastructure and the people
are ready to deal with the changes that are taking place.
The UMNO and Barisan Nasional’s efforts to build nuclear power plants will
be stopped.
The new government will make protection of biodiversity a top priority which
will also contribute to the country's sources of income. Our aim is to have at
least two more of our country’s National Parks, recognised as a UNESCO
World Heritage Site ("World Heritage Site").

Expand

"Renewable energy through renewable resources will be increased from the current 2 per cent to 20 per cent by 2025"

Would be interesting to see how they intended to achieve that without using REs...

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(20min delay)
Last $7.63		Change -0.065(0.85%)		Mkt cap ! $7.136B

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