The Queensland Resources Council has just announced that Queensland (Australia) coal exports have reached a record high. The Australian government must be jumping for joy, with the resources sector once again contributing substantial growth in federal revenues (and the election war-chest). Apparently two thirds of our coal is destined for steel making, while the remainder will be used for power generation.
Maybe it is just sour grapes, but the news does not lighten my current mood or temperature, which can best be described as volcanic. Why? Because short-term gains are being put before long-term national interests, and because I am sweltering in my lounge room through yet another extended extreme heatwave. My phone tells me it is 41º celcius (105º F) outside. Read more