Forest Products Industry
Friday Analysis: Pressure point for the Environmental Defenders Office
Pressure is piling up for the Federal Government to cut the nearly $10m funding of the Environmental Defenders Office. The Federal Opposition has been joined by Australian Energy Producers and the Australian Forest Products Association in calling for action against the EDO. The Northern Territory Chief Minister Eva Lawler has already said her government would be reviewing its $100,000-a-year funding arrangement. The call for defunding follow the EDO losing an action brought by the North East Forest Alliance against the Commonwealth of Australia and the State of NSW with its lawyers arguing that the RFA should not have been renewed without assessment and approval under federal environment laws, and a landmark case against Santos’s $5.3bn Barossa LNG project, with claims the company’s proposed 262km pipeline would cause irreparable damage to First Nations people and their sites. In the second case, a Federal Court judge described a “cultural mapping” exercise and other key components of the Environmental Defenders Office case against the Santos Barossa gas project as “so lacking in integrity that no weight can be placed on them” and tainted by “confection” and “construction” of evidence. Opposition spokeswoman for Indigenous Australians Senator Jacinta Nampijinpa Price in The Australian today wrote that “the absurdity of the Albanese government funding an organisation hellbent on undermining government processes beggars’ belief and points to a government that is both out of touch and out of its depth”. “That Anthony Albanese and Environment and Water Minister Tanya Plibersek would continue to allow taxpayer money to be wasted like this is simply astonishing. It begs the question: is this all just a thinly veiled attempt to, as Queensland senator Susan McDonald puts it, ‘secure votes in inner-city seats under threat from the Greens’?” Very well put. All it seems Tanya Plibersek can say to the EDO is ‘I hope they take notice’. That might not be enough.
Categories: Forest Products Industry
New York Community Bancorp Has a Hidden Risk No One Is Talking About
Categories: Forest Products Industry
Intel delays $20 billion Ohio project, citing slow chip market - WSJ
Categories: Forest Products Industry
Elon Musk Thinks This Warren Buffet-Backed Chinese EV Manufacturer Is Going To 'Demolish Most Other Car Companies'
Categories: Forest Products Industry
Zuckerberg announces $50bn payout for Meta shareholders amid child safety concerns
Categories: Forest Products Industry
Seattle woman who returned Costco couch after 2.5 years goes viral, sparks ethics debate
Categories: Forest Products Industry
Volvo stock surges on strong sales and EV deliveries, will no longer fund Polestar
Categories: Forest Products Industry
Stock market today: Stocks rebound after worst day of 2024 ahead of Big Tech earnings bonanza
Categories: Forest Products Industry
Apple China sales lag overshadows quarterly profit, revenue beats
Categories: Forest Products Industry
Pfizer Surprises With Profit But Revolutionizing Cancer Treatment Is Its Best Chance Of Getting Back In The Saddle
Categories: Forest Products Industry
Fed’s Powell tries to correct market’s rationale behind six rate cuts in 2024 — and fails
Categories: Forest Products Industry
The job market is strong. So why did layoffs double in January?
Categories: Forest Products Industry
The Fed risks making a big policy mistake this year that could spark a 30% drop in the stock market, portfolio manager says
Categories: Forest Products Industry