Aussies eating junk to get better weather, old coal plant increases 730,000% in value in two years

Funny things happening today in Australia:

Australians are cutting back on Fruit and Veges to pay electricity bills:

Since eating raw fruit and vege is associated with lower mortality, efforts to stop people dying of climate change in 2100 may be killing people today:

Australians are cutting back on basic things like fresh fruit and vegies in order to keep the lights on with the National Debt Helpline taking 14,000 calls in September — a record for the month, and up 14 per cent on the same time last year.

Dying stranded coal plant increases in value by 730,000% in 2 years:

The NSW government sold Vale Point power for $1m two years ago. It’s now valued at $730m:

In November 2015, the NSW Government offloaded Vales Point Power Station — an old, polluting coal-fired plant on the shores of Lake Macquarie — for $1 million.

Last week,… Sunset Power quietly released its latest financial reports — revaluing the Vales Point Power Plant at a cool $730 million.

Over the past year, Vale Points’ owners gained $380 million from electricity sales from the power station, compared to $270 million for energy generated […]

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October 24, 2017 at 04:45AM

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