By CRAIG KELLY
The catastrophic stupidity of Blackout Bowen is unleashing an intergenerational financial catastrophe on Australia.
This deranged, subsidy-soaked spending spree on “renewables” is permanently locking in crippling, uncompetitive electricity prices for decades to come.
Hundreds of billions of dollars have been torched on reckless malinvestment and woke virtue-signalling — money that will achieve absolutely nothing to stop bad weather.
Through sheer selfishness and breathtaking arrogance, Bowen and Albanese are deliberately impoverishing Australian children not yet born. These kids will be saddled for their entire lives with punishingly high electricity bills to pay for this grotesque folly.
This entire disaster is the direct result of lying grifters, spivs, rent-seekers and corrupt con artists who have shamelessly deceived and defrauded the Australian public about the true cost of so-called “renewables”.
Albanese and Bowen deliberately duped the country with their grubby lies that the renewables scam would deliver cheap, reliable power.
With more than two years until the next election, it may already be too late to save Australia from this economic treason. But we have one last desperate, fighting chance to halt this madness.
We need One Nation to storm to victory at the next election – and then to completely annihilate Net Zero, rip Australia out of the Paris Agreement, axe every single renewable subsidy immediately, and start building new coal-fired power stations flat out.
If that doesn’t happen, we will have utterly and unforgivably betrayed our own children and grandchildren.”
From The Australian …… The NSW and Victorian renewables plan is set to be the biggest financial disaster since Federation.
The original financial estimates on which the decision to proceed was made were total fiction and completely underestimated the complexity and cost of the project.
Back in 2020, the AEMO cost estimate for most of the transmission line projects was just $8.5bn. Renewables looked to be low-cost and very profitable.
Now the transmission lines will cost at least $120bn but, as explained below, are more likely to explode beyond $200bn.
Add another $160bn for the wind and solar generators and we have a $350bn-plus project that is being financed with high-cost loans, which could boost the total 35-year outlay above $1 trillion.
The enormous burden this sickening disaster puts on the nation means if we proceed, we can no longer consider reacting to the impacts of the Iran crisis aiming to make the nation far more independent with additional oil refineries, key manufacturing industries and other proposals that are becoming essential for Australia’s future.
The government could argue that the funding for renewables is not really borrowings because it will be met by the consumers of power over 35 years. But that would send power costs through the roof and make Australia an uneconomic destination for most activities.
Those currently bemoaning the cost of living are now set for a continuation of the disaster for at least three decades.
The designers of the chaos appear to delight in running their thousands of kilometres of cables and thousands of towers — that are about the height of Sydney Harbour Bridge pylons — through our best agricultural land.
The nation can be very grateful to our wonderful farmers, who might not have understood the financial disaster they were delaying, but they knew they were acting in the national interest to protect our agricultural industry.
The combination of their actions and the chaos created by lack of proper planning means that outlays so far appear to have been restricted to not much more than $10bn. We can avoid a nation-crushing disaster.
