What does business do when society is up in arms and can’t be ignored? Full fascism? Not often. No, usually it wheels out some soothing promises of imminent-ish techno-salvation. And so it came to pass on this day 27 years ago –
The NSW coal industry is about to tap into the resources of its colleagues on the east coast of the United States, following the signing of a historic agreement between the State of Pennsylvania and the NSW Government.
The agreement covers all areas of minerals and energy policy, including clean coal technology and renewable and alternative energy policies.
Moffet, L. 1990. NSW, Pennsylvania in Energy Pact. Australian Financial Review, 10 April, p. 30.
Also on this day –
2006 New research on global warming has caused a split at the top end of town, writes Deborah Snow.
WESTPAC chief executive David Morgan had an interesting story to tell at an invitation-only breakfast for a handful of journalists in Sydney last week.
The anecdote concerned a recent private conversation with the head of the giant General Electric Company in the US, Jeff Immelt.
“He said to me he was virtually certain that the first action of the next president of the United States, be it Republican or Democrat, would be to initiate urgent action on climate change. And he wasn’t saying that as a casual political comment … he is [allocating] billions of dollars worth of investment in the confidence of that development.”
Snow, D. 2006. Business warms to change The Sydney Morning Herald, 10 April , page 10.
Phillips, S. 2015. Energy White Paper: short on vision. ABC Environment, 10 April.
Renewable energy was described as “important” in the Energy White Paper, but existing policies to support it are due to be dismantled.