Australia Natural Gas Export Overbuild Is Collapsing

first_imgAustralia Natural Gas Export Overbuild Is Collapsing FacebookTwitterLinkedInEmailPrint分享The Guardian:Australia’s natural gas export boom, which is causing soaring gas prices and pushing up carbon emissions, appears to be rapidly shedding value.Santos wiped more than $1bn off the value of its liquefied natural gas plant in Queensland on Tuesday, just a week after Origin announced a similar devaluation.The devaluations were predicted by commentators, who pointed out previous devaluations of the projects relied on overly-optimistic forecasts.The Santos share price dipped a further 2.39% on Tuesday morning after a drop of more than 85% since its peak in 2008.“This industry has torn up its shareholders’ wealth and now it’s tearing up the nation’s wealth,” said Bruce Robertson from the pro-renewables Institute for Energy Economics and Financial Analysis.On Tuesday Santos announced it was expecting to wipe more than A$1bn off the value of its GLNG plant on Curtis Island in Queensland.Just last week Origin announced a post-tax $815m devaluation of its APLNG facility on Curtis Island – a figure that implies more than a billion-dollar devaluation before tax.Along with another facility on Curtis Island owned by Shell, the three plants are responsible for Australia’s LNG export boom, which has been vacuuming Australia’s gas and caused domestic prices to skyrocket.Each plant has been shedding value since construction began. Shell’s plant was US$7bn over budget, and then suffered a $5.4bn pre-tax devaluation in 2015. Between Santos and Origin, the two plants have now been devalued by about $6bn.More: Australia’s gas export industry sheds value while tightening local supplylast_img read more

One charged in neglect investigation

first_imgGreensburg, In. — Greensburg police made one arrest in an alleged case of child neglect last week.Police responded to the 1000 block of North Park Street on Wednesday, August 30 at 8:37 a.m. on a report of two small children wandering in the roadway. Quickly police located a male and a female, both two years of age wearing damp, soiled clothing.After canvassing the area police found a home in the 1100 block of North Anderson Street with the back door standing open. After several loud announcements by police Emilee Keith, 22, of Greensburg, came to the door.When police entered they found the home to be in deplorable condition. Trash, food, waste, animal waste and clutter was reported throughout the home. Police said the amount of debris made it difficult to walk through the home.Keith was transported to the Decatur County Jail.last_img read more

Tipp trainer Stack to retire at end of year

first_imgTipperary trainer Tommy Stack has announced that he’s going to retire at the end of this year. The Classic-winning trainer will hand over the reigns of the business to his son Fozzy who will take over operations at Thomastown Castle in Co Tipperary.Stack began training in the 1980s and over a 30-year career he has sent out the winners of both the Irish and English 1,000 Guineas.last_img

WHY NEXT WEEKEND IS THE PERFECT EXCUSE TO VISIT TORY ISLAND

first_imgTory as far as the eye can see!The stunning setting of Tory Island will provide the perfect backdrop for a 10K walk in aid of a very special cause next Saturday.The walk, from East Town to West Town, will take place for the Irish Guide Dogs on August 9th.Tory’s famous lighthouseIf you have never visited Tory Island then this is your perfect chance. From boasting its very own King in the affable Patsy Dan Rodgers to the Tory Island Painters, the island is a remarkable piece of the Donegal landscape which not enough of us see.The cost of the walk is €10 per adult, €5 per child and €20 per family.Registration is at 12.45pm at the Harbour Hotel and the walk commences at 1.30pm.A reduced boat fare of just €20 return is available for walkers. There will also be refreshments and a session in the Harbour View Hotel which is now run by the former lighthouse keeper Sean Doherty and his family.If you have always wanted to visit Tory then now is your chance to do so for a good cause.For more details ring Bernie on 086 603 9343 or email margaretosullivan@guidedogs.ie. WHY NEXT WEEKEND IS THE PERFECT EXCUSE TO VISIT TORY ISLAND was last modified: August 5th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Guide Dogspatsy dan rodgersTory HotelTory IslandWalk for th Blindlast_img read more

The European Broadcasting Union EBU and the Inte

first_imgThe European Broadcasting Union (EBU) and the International Paralympic Committee (IPC) have formed a partnership whereby the EBU will exploit the media rights to the Sochi 2014 Paralympic Winter Games, the Rio 2016 Paralympic Summer Games and various other para-sport events for all EBU territories, excluding Russia for Sochi 2014 and the UK for both Paralympic Games. According to the EBU, 27 of its member broadcasters have committed to show the Rio 2016 Paralympics.The EBU’s Eurovision network will also provide the IPC with extra services, such as production, distribution and onsite activities, to enhance the coverage of IPC Championships and test events.“This agreement is a major statement of intent about the growth of the Paralympic Movement and the growing appeal of the Paralympic Games,” said Sir Philip Craven, IPC president. “London 2012 was broadcast to over 100 countries, reaching a cumulative global TV audience of 3.8 billion, all of whom I am sure were left inspired and excited by what they saw. To have secured so many territories through the EBU for Sochi 2014 and Rio 2016 so far out from both Games is fantastic news and I’d like to personally thank both Organising Committees for their support.”last_img read more