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Elon Musk weighs in on Aussie miner's expletive spray about the future of coal

Elon Musk weighs in on Aussie miner's expletive spray about the future of coal

Daily Mail​2 days ago
An Aussie miner's expletive-filled spray about the decline of coal has drawn the attention of climate-conscious billionaire Elon Musk.
Gerry Noonan, a mining industry veteran, founded his company Geotech in 1972 and now serves as a technical manager at Mining Equipment Safety (ME Safety).
In an interview with global mining equipment supplier Epiroc, he complained about the move away from the use of coal as a primary energy source.
'We have coal, because we have the biggest coal deposits in the world, but we're not allowed to burn the f***ing stuff, so the world's rooted, really,' he said.
'It's alright to be idealistic, but you have to be realistic. And until the lights go out, the idiots that want to be green on everything and not do mining and not do coal, not do anything, they're going to have to go back and use candles and live in tents.'
'You might f***ing laugh, but it's true,' he told the interviewer.
The clip resurfaced on Thursday after it was shared by Money of Mine podcast co-host Travis Ricciardo, gaining attention on social media including from Elon Musk.
'If he looks up, he will see something called 'The Sun',' Musk posted on X.
Ricciardo fired back: 'Coal is ancient solar power, compressed over millions of years.
'A natural wonder that affords reliable energy when the sun goes down.'
'(Musk is) not an idiot, but he is a f***wit.'
During the original interview, Mr Noonan lashed out at Australia's uranium policy.
'We're not allowed to use uranium, we've got the biggest uranium deposits in the world in Australia and we're not allowed to mine the f***ing stuff,' he said.
'So, it's all fed. When half these c***s die, the world will be a better place, and those of us that survive will get going again.'
He also mocked his lawyer neighbour during the rant, taking issue with their suggestion that people build electric-vehicle charging plugs along highways.
'I said, "But if you haven't got a f***ing source from a power station, plugs on the highways aren't going to do jacks***".'
Daily Mail Australia has contacted Geotech and ME Safety for comment.
The federal government has a target of reaching 82 per cent renewable energy in the national grid by 2030, up from 43 per cent this year.
Almost half of renewable energy investors rate Australia as only 'somewhat attractive' for future projects, The Clean Energy Investor Group revealed earlier in July.
The group, whose 26 members have combined investments of about $38billion, were quizzed on topics including the biggest challenges, opportunities and locations for renewable energy.
Of the 13 investors who responded, almost half (46 per cent) rated Australia as a 'somewhat attractive' destination for clean energy investments, while 23 per cent remained neutral and another 23 per cent classified the nation as 'very attractive'.
Electric vehicles also accounted for a record high of 10 per cent of Australian sales in 2024, still falling well short of the 20 per cent of new purchases globally.
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Meet Charles Emond, the Canadian backing Sizewell C with £1.7bn
Meet Charles Emond, the Canadian backing Sizewell C with £1.7bn

Times

time4 hours ago

  • Times

Meet Charles Emond, the Canadian backing Sizewell C with £1.7bn

'There's always risk in a transaction,' says Charles Emond. The chief executive of La Caisse is keen to stress that he and the other equity investors named last week in the financing of the Sizewell C nuclear power station project are not getting a completely free ride from British taxpayers and electricity billpayers. Billpayers will have £1 a month added to their electricity bills from this autumn to help finance the gigantic project. UK taxpayers will stand ready to foot the bill if the construction costs rise above a certain point. But the equity investors putting in £8.5 billion aren't entirely free of exposure if things go wrong, he says. Even so, analysts believe that La Caisse and other investors, which include the British Gas owner Centrica and the French energy group EDF, have got a bit of a steal as a result of the way the deal has been structured. Even Emond admits the terms have been 'de-risked to an acceptable level'. La Caisse may be a new name to British readers, but it is a gigantic institution, one of the biggest pension fund groups in Canada with $473 billion to invest. It has just changed its name from Caisse de dépôt et placement du Québec, an institution responsible for paying pensions to six million Canadians. When Rachel Reeves visited North America last autumn to bang the drum for the UK, Emond was one of the people she went to see. La Caisse for years was a shareholder in Heathrow, while it has also bought into the London Array, the forest of 175 wind turbines in the outer Thames Estuary. La Caisse, which has not invested in nuclear power before, has committed £1.7 billion to Sizewell C in return for a 20 per cent stake. It will be the biggest single equity investor in the project, which when built will produce enough reliable electricity to power the equivalent of six million homes. Emond, a former banker with Scotiabank, likes the way the financing of the Suffolk-based project has been structured, which means investors are more protected than they were in the case of its sister station, Hinkley Point C, which has already gone hugely over budget. Sizewell, he says, is 'trailblazing' because 'it institutionalises nuclear from an investor perspective'. That will make it much easier for other future nuclear projects to raise private-sector cash. • Why a Canadian pension fund has put wind in my sails The structuring of the deal has 'shed a different light on nuclear' as well as chiming with La Caisse's push towards net zero. It puts nuclear into 'the zipcode of reasons it is attractive to capital providers like me'. Big, long-running infrastructure projects such as Sizewell C are perfect for pension funds which have to invest to produce income to meet defined benefit pension promises stretching decades into the future. If all goes well, Sizewell will produce inflation-protected returns for 60 years. It also fits in well with La Caisse's plan to make the UK 'our biggest overseas investment destination outside North America,' says Emond. He's a big fan of the UK, saying 'it checks all the boxes,' especially in an era of high geopolitical risk. La Caisse already has £17.8 billion of UK assets. Emond aims to lift that by £8 billion over five years, which means that after Sizewell C, he has another £6.3 billion of net investments to make. He gives a long list of Britain's attributes, naming rule of law, a business-friendly government and a big local financial centre as some of the factors important for foreign investors. 'There are all these things that, even before you look at a transaction, you say we like that sandbox.' • Welcome to Britain's biggest building site. There's a 'fish disco' Wasn't he put off at all by Britain's sluggish economy, low productivity growth and shaky public finances? No. 'It's not the growth in the economy that's the only criterion [for investing],' he says. The government's emphasis on infrastructure has made Britain especially attractive. La Caisse is by one measure the second biggest infrastructure investor in the world with $64 billion allocated to the asset class. La Caisse opened an office in London in 2016, from which it manages all its European operations. Emond recently hired Dame Sharon White, the former chairwoman of John Lewis Partnership, as head of Europe, to spearhead the investment drive. 'She's been great, providing exceptional leadership,' he says, adding that her experience of running a regulator, Ofcom, was helpful because of the many regulated industries La Caisse tends to invest in. Which sectors in the UK is La Caisse now looking at? He mentions information technology, telecoms, renewable energy, transportation, insurance, private credit and real estate. 'For us there's a pretty good set of opportunities. Our London office has teams for all asset classes.' Insurance and real estate have been rich seams already. La Caisse has been a long-time backer of Howden Group, the privately owned insurance broker recently valued at well over £10 billion, and is a backer of Inigo Insurance. Property ventures include PLP and Greystar, and, on the debt side, a £525 million credit line to Blackstone-owned St Modwen. • Centrica really can't lose at Sizewell It is also a big investor in renewable energy through last year, buying a 25 per cent stake in First Hydro, the group that operates two pumped storage projects in Snowdonia, as well as the 25 per cent holding in the London Array. Other investments include a 19.3 per cent stake in Eurostar, the cross-channel train operator. Another is FNZ, a private company that provides software to wealth managers and was valued in a past fundraising at $20 billion. It hasn't been plain sailing for Emond in his first five years. In Montreal, the company has come under heavy criticism for delays and overruns on a mass transit project Réseau express métropolitain or REM. 'We took a lot of flak,' Emond admits, but says it was funding the project at much lower cost per kilometre of track than other projects. 'Every time they [Quebecers] take the train, it helps fill their pension,' he adds. Another potential blow is the charging by the US Justice Department of executives from La Caisse and other companies with conspiring to pay $265 million in bribes to Indian state government officials to secure solar power contracts. The Securities and Exchange Commission is also pressing civil charges in connection with the same alleged scheme. La Caisse has said it is co-operating with the US authorities. As one of the so-called Maple Eight big Canadian pension funds, La Caisse is a role model for policymakers in the UK trying to encourage consolidation of UK funds to build scale and in-house investment expertise that is then confident about putting money into private equity and infrastructure. Reeves is introducing measures to encourage smaller schemes to merge. Emond says that is the right direction of travel, but cautions that it took decades for La Caisse to build scale and expert teams. 'It doesn't get done over a long weekend,' he says.

How Albanese's 1.2million housing policy failure and record immigration has created a new category of Aussies with nowhere to go
How Albanese's 1.2million housing policy failure and record immigration has created a new category of Aussies with nowhere to go

Daily Mail​

time6 hours ago

  • Daily Mail​

How Albanese's 1.2million housing policy failure and record immigration has created a new category of Aussies with nowhere to go

Australia's housing emergency is now so dire nurses are living in cars while thousands of mothers and their children are sleeping rough or crammed into crisis accommodation with no path out. Prime Minister Anthony Albanese promised to fix the housing crisis but Australia today is home to some of the most expensive real estate in the world, with near record low rentals available and the worst levels of homelessness in living memory. Recent data by Homelessness Australia reveals the number of people accessing their services each month has grown by 10 per cent since the Albanese government came into power in May 2022. The situation is even more dire for women and girls, with an increase of 14 per cent. But while women and children go without a roof over their heads, immigration is booming, which experts say is putting unprecedented strain on the local property market. Australian Bureau of Statistics figures show in the year to May, 1.1million permanent and long-term arrivals hit Australian shores, including international students and skilled workers. In cities soaking up the bulk of the arrivals like Sydney, Melbourne, Perth and increasingly Brisbane, the competition for rentals is fierce, sending rents and house prices soaring. Australian Population Research Institute president Bob Birrell blamed the housing crisis on record overseas migration, which meant working Australians were being pushed out of the market, unable to buy or rent. 'The Albanese government is completely irresponsible on this issue,' he said. Freelancer CEO Matt Barrie (pictured) said the Great Australian dream of home ownership is out of reach for many now and he places the blame on record migration 'They have neglected it ever since they got back into power in 2022, they've just let immigration rip. 'We've had enormous levels of migrants, which is just unprecedented, and irresponsible in the context of the housing crisis.' Dr Birrell said part of the problem is the skilled migration program recruits hardly any tradespeople, especially for the beleaguered building industry. 'Migration is not adding to the supply of those important trades at all,' he said. 'Although a lot of temporary migrants who are adrift in Melbourne and Sydney would probably like to take up an apprenticeship in these areas, they can't, because they're temporaries.' Freelancer CEO Matt Barrie said the Albanese government had created a system so perverse doctors were living in share houses and nurses were sleeping in their cars. 'The Great Australian Dream is now mathematically impossible for the average Australian,' he said. 'In Sydney it now takes 46 years just to save a house deposit. Think about that, for a child born in Sydney today, their retirement party will come before they've saved enough for a house deposit.' Mr Barrie said the housing crisis had been 'engineered' by the government which has flooded the country with the largest immigration wave in history. 'Why, in a cost of living crisis, would they allow nearly one million international student enrolments? 'Why, in a cost of living crisis, would they allow 2.46million people on temporary visas into a country of 27million when there's only 36,000 rental vacancies?' Refuge workers and frontline services are also sounding the alarm on the crisis which is leaving women and children behind. As politicians returned to Canberra for the first sitting week of the new term, Everybody's Home spokeswoman Maiy Azize said the Albanese government has a chance to deliver a lasting legacy on housing or risk being remembered for letting it slip away. It comes after the public release of a written warning to Treasurer Jim Chalmers that the Albanese government could not meet its commitment of supplying 1.2million homes by 2029. 'This is a national crisis that is now pricing out everyday people right across the country,' she said. 'The government can't ignore the increasing number of Australians who are sleeping on streets and couches, forgoing food and medicine to pay rent, and living in unsafe and makeshift housing.' Ms Azize said warnings the government is unlikely to meet its ambitious housing target are further proof that relying on the private market alone won't work. The organisation said social housing has declined to around 4 per cent of all homes, down from 4.7 per cent in 2013. 'To reach six per cent social housing Australia must build more than 36,000 additional social housing dwellings every year for the next decade,' she said. 'If we want one in ten homes to be social housing, we need to build an extra 54,000 social homes every year for 20 years. 'Whichever way you look at it, the scale dwarfs current government commitments and lays bare both the enormous demand and decades of chronic underinvestment.' During Question Time on Wednesday, Opposition leader Sussan Ley pushed Mr Albanese on whether he would abandon his failing policies to tackle the housing crisis. In his defence, Albanese said Labor had 'inherited a decade of neglect' and it would take time to catch up. One Nation Senator Pauline Hanson said Australian cities were full, housing is unaffordable, and services are stretched to breaking point. She said One Nation will cut permanent and temporary migration and restore the population to a level the country can support. 'This isn't extreme. It's common sense,' she said. 'Mass migration must stop. The system is broken. Let's fix it and give our people the chance to thrive.' For many it is too late. Shocking new data from Homelessness Australia reveals a record surge in families stuck in temporary refuges, with thousands of mothers and children sleeping rough or crammed into crisis accommodation. CEO Kate Colvin said one reason for the dramatic deterioration in families and women being pushed further into crisis is rising rents, with Labor's investment in social housing failing to keep pace with demand. Ms Colvin said many were one health tragedy away from losing a stable roof over their heads. 'It's heartbreaking when you meet people who have cancer and due to the number of hospital visits they attend they can no longer work. They lose their home and end up living in their car because you can't afford rent on income support payments,' she said. 'I've spoken to lots of young people who have been in and out of refuges for years, slept in parks or are couch-surfing with dubious people. 'There's always someone who'll offer a 16-year-old girl a bed but it comes with obligations.' Ms Colvin said homelessness is increasing for all, but women and girls are copping the brunt of this crisis. 'The Prime Minister talks about leaving no one behind but the harsh reality is that with 45 per cent of women and girls seeking homelessness support having experienced domestic and family violence, more women and girls are returning to violent homes.' Housing and Homelessness Minister Clare O'Neil said the government has invested more than $1.2billion in crisis and transitional housing. 'We're acutely aware of just how complex the challenge of homelessness is, which is why we continue to listen to people with first-hand knowledge right across the homelessness sector,' she told the ABC.

Allerton Bywater battery storage plans blocked
Allerton Bywater battery storage plans blocked

BBC News

time7 hours ago

  • BBC News

Allerton Bywater battery storage plans blocked

Plans for an energy storage plant have been blocked for a second time after more than 1,000 people Energy faced renewed opposition to proposals for the Battery Energy Storage System (BESS) on land off Newton Lane, between Ledston and Allerton Bywater near said the development would help tackle climate change and stabilise energy supplies by storing electricity for future City Council planning panel members passed a motion not to accept a recommendation from council officers to approve the application. 'Green belt harm' Earlier this month, more than 1,200 residents, along with MPs and councillors, objected to other proposals by Harmony to install 72 containers storing lithium ion batteries on farmland at Heath near City Council initially refused planning permission for the Allerton Bywater proposals in November 2023 after environmental and fire safety fears were raised, along with the impact on green belt land.A plans panel was told national planning policy changes meant the site could now be downgraded to "grey belt" – deemed less environmentally that was disputed by action group Save our Villages and council leader James Lewis, who represents Kippax and told the panel: "I don't believe this site is grey belt and therefore the harm to green belt, which this site is, should be a reason for refusal."Objector Adrian Appleyard said a fire at the site could see contaminated water run off in to Fairburn Ings Nature Reserve, 400m away, according to the Local Democracy Reporting Tessa Fletcher said the company had an excellent safety record and the BESS would have the capacity to power thousands of said: "As a nation we are legally bound to reduce carbon emissions and must do so at pace."A final decision will be made after a report is drawn up on detailed reasons for refusal and the chances of losing an appeal. Listen to highlights from West Yorkshire on BBC Sounds, catch up with the latest episode of Look North.

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