Google Maps on why Labor's Fitzgibbon doesn't like renewables
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Labor Party backbencher and former defence minister Joel Fitzgibbon has written an opinion piece in The Australian newspaper today challenging the Climate Change Authority's preliminary recommendation to keep the level of the renewable energy target largely unchanged.
Also on Monday he gave a speech to parliament arguing that we should reduce the renewable energy target stating:
“The 20 per cent target is now possibly going to 25 per cent, possibly 26 per cent. As energy demand falls, because it is a fixed amount—45,000 gigawatt hours—as a percentage of our consumption it is actually rising. Have a think about that for a moment. I ask all members to think about that. Fossil-fuel-rich Australia is now seeking to source one-quarter at least of its energy consumption from renewable sources.
"Of course, it is our abundance of fossil fuels which in part makes us economically competitive as a nation.”
Rather than a chart of the week, a picture from Google Maps will help reveal more than a thousand words about why Fitzgibbon feels the way he does – something he has been quite open about.
The picture below is an aerial view of a large chunk of Fitzgibbon's electorate. Those grey/white scars on the landscape are coal mines.
In addition, if you were to zoom in towards Lake Liddell you'd find the Liddell and Bayswater coal-fired power stations. These two power stations are suffering from low levels of utilisation as they struggle to be dispatched into the electricity market due to reduced demand. They're likely to continue to struggle due to the substantial additions of renewable energy thanks to the RET.
Source: Google Maps
Call 1300 880 160
Start a chat
Schedule a call
