BREAKING: ALBANESE CRUMBLES.
Labor’s “renewables only” fantasy just got torched.
Albo and Bowen demanded every AI data centre in Australia run 100% on wind and solar.
Queensland and the NT told them that’s impossible as renewables cannot generate that much power.
Result?
National Cabinet caves. States can now use coal and gas to power the data factories that will run the AI economy.
Reality 1 – Net Zero ideology 0.
You cannot power 24/7 hyperscale AI data centres with intermittent renewables. Full stop. Queensland and the Territory forced Labor to admit it.
While Bowen still lectures about “doing their bit”, the actual decision is clear: reliable power wins.
Australia First energy policy just scored a rare win against Canberra’s green religion.
The renewables fantasy is just laughable.
And if Albanese is so concerned about the environment, how come he never raises this issue with the Indian PM, Modi?
As India are the biggest polluters in the world.
@ClareONeilMP Labor talks up super, then taxes it more:
- $3m super tax: Higher tax on large balances
- Unrealised gains: Proposed taxing paper gains then backed down
- $3m threshold: Originally not indexed then backed down
-Performance test: Paused, then changed
@JEChalmers Dim Jim: Chalmers says the old CGT system distorted investment away from shares and towards property. He then removes the CGT discount on shares as well, increasing the tax burden on share investors.🤡