the problem is money///////?????
far from the real situation.
POLITICAL ... whats in it for me ...
KEEP IN POWER both for the political parties and power operators.
CARBON TAX will alter the political motivation moving forward.
Public shift to a cleaner environment/ power operators change or go bust.
Hopefully ALCOA and LYP CEO are at the conferences.
400 MILLION DOLLARS TO SECURE 25 years of energy from LYP super pits ,relative small price to pay to access over 60 billion tons of energy, makes the link below put in perspective A VERY CHEAP entry price for Vietnam .
http://www.2point6billion.com/news/2011/09/21/india-china-vie-for-australian-coal-fields-10202.html
It is estimated that there are 7.9 billion tons of coal in GVK’s portion in Queensland, which is almost the same as the Adani Group’s purchase in the area. Gautam Adani, head of the Adani Goup and the sixth richest person in India, also sealed a contract in the Galilee basin for some 7.8 billion tons of coal.
Another 3.7 billion tons of the Galilee Basin is held by Australian billionaire Clive Palmer, who is developing his deposit in partnership with Chinese investors, according to The Australian. All of Palmer’s output is destined for Chinese power stations, in a 20-year deal worth US$60 billion
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