Keen’s a bad gambler with other peoples money
May 26, 2024 4:22:05 GMT 8
NFA, Struth, and 1 more like this
Post by NFA on May 26, 2024 4:22:05 GMT 8
Keen’s bad gamble
Vikki Campion
Former NSW Treasurer Matt Kean made a big gamble on renewables and lost big time.
Like an addict hiding in the corner of pokies room under the delusion that one more spin will deliver the impossible jackpot – he kept playing – and now we’re paying.
Big energy companies get a $300 boost for each household.
We are underwriting a coal power station for nine times what we sold it for. Big “green” Origin has done so well. It told us renewables were the answer while storing Kean’s subsidised coal. Now, they are getting an extraordinary $450m to keep Eraring open for two years because it turned out renewables aren’t the answer.
Eraring provided 2880 megawatts for 24/7 baseload power 365 days a year and we sold it for $50m.
To replace it, we were to have Snowy Hydro 2.0, which was supposed to provide 2000 megawatts for just ten days, now costing between $12 and $20bn.
Shhh, the pokie bosses say it’s fine. The new addicts on the stool keep playing Kean’s game and once in a blue moon, they’ll give you $300 of your money back.
Sit back on the stool, sucker.
Vikki Campion
Former NSW Treasurer Matt Kean made a big gamble on renewables and lost big time.
Like an addict hiding in the corner of pokies room under the delusion that one more spin will deliver the impossible jackpot – he kept playing – and now we’re paying.
Big energy companies get a $300 boost for each household.
We are underwriting a coal power station for nine times what we sold it for. Big “green” Origin has done so well. It told us renewables were the answer while storing Kean’s subsidised coal. Now, they are getting an extraordinary $450m to keep Eraring open for two years because it turned out renewables aren’t the answer.
Eraring provided 2880 megawatts for 24/7 baseload power 365 days a year and we sold it for $50m.
To replace it, we were to have Snowy Hydro 2.0, which was supposed to provide 2000 megawatts for just ten days, now costing between $12 and $20bn.
Shhh, the pokie bosses say it’s fine. The new addicts on the stool keep playing Kean’s game and once in a blue moon, they’ll give you $300 of your money back.
Sit back on the stool, sucker.