Bought some more, just couldn't help myself. In now for a...

Bought some more, just couldn't help myself. In now for a $100k.

I had a chat with my old man last night (only go to him after his first red, not second, ha ha ) trying to digest all of this climate change stuff, co2 emissions, bad coal outlook, opportunistic politician's, coal price cap (crap) etc. His response, this current carbon offset / carbon credit stuff is BS and makes no sense at its fundamentals. He reckons we are paying fools to not farm, just carbon farm, invent machines to extract co2 and still cut down millions and millions of trees a year. Costing us billions and billions of dollars a year.

At the end we came up with an idea, the coal industry needs to invest in some kind of alternative natural co2 sink / storage (profitable) real business thus creating a real carbon offset year in year out. Then sell each 1 Co2 carbon credit offset with 1 tonne of coal. Then have the government offset the 1 carbon credit against coal royalties. This takes capital and prob a lot, but for current coal producers its prob money well worth spent. It could be investing in agri land that produces a real profitable outcome (return on capital) and more importantly creating a co2 offset / sink.

Maybe I'm crazy but I've had a go, more so call out our greedy, lazy, useless, opportunistic politician's. Who can't balance their ledger, so they increase tax.

Go you good thing TER.