Stanwell laments lost power station benefits

Well well well. are we serious about the environment? NO
The bottom dollar is all powerful.
Should it all be about economics, I know there needs to be a balance, as the money needs to come from somewhere, and increased power costs is a great way of hobbling economic development and growth… But…

ABC News Online

The Stanwell Corporation has expressed regret that the environmental benefits of a power station to be built near Rockhampton, in central Queensland, will be lost… [after] A feasibility study ..found that the $330 million project is not economically viable.

The future of the planned $1.4 billion coking plant nearby is still being assessed. Stanwell acting chief executive Gary Humphrys says the power station would have turned the waste heat of the coking plant into electricity. “And that goes to again our disappointment that the economics for us didn’t stack up,” he said. “Accepting the waste heat and converting that into electricity was certainly an environmentally sustainable and sensible thing to do … and yet the economics didn’t stack up.”

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Govt puts brakes on Townsville V8 Supercar funding

    Hmmmm….
I am worried that this is an omen. This post in Two Sections. 1. Qld Govt. Decision and; 2. V8Supercars response…
First the QLD govt. decides not to fund another race in the streets of Townsville. OK. I can see it from a politically defensible position. The they do fund the Gold coast Indy, but that race makes the state a pile more money than it cost. With hundreds of thousands of ticket sales over the weekend it is a huge direct boost to the economy. Then there are the Thousands of jobs, and millions spent on supplies. This is spent in QLD, and that is spent and so it goes…
But the numbers have until now shown the Townsville race to be a better return on the investment. So I don’t quite understand this decision from the government…
    ABC Online …