THE stupidity of the international “carbon credits” scam played out in Tasmania this week after the Treasurer Jim Chalmers approved the sale of Tasmania’s biggest farm to a foreign investor expecting to profit from the scam by planting pine trees.
Chalmers and the Foreign Investment Review Board (FIRB) approved the $100 million-plus sale of Rushy Lagoon to the Tasmanian Natural Asset Trust, which is managed by the United Kingdom’s Gresham House.
The Clean Energy Finance Corporation financed the deal with $69 million claiming Rushy Lagoon was the “cornerstone” of a project that would “create local jobs and inject significant capital into the regional economy while generating high integrity Australian Carbon Credits Units and protecting an important Ramsar wetland”.
The 22,000-hectare property in the northeast has been owned by the Pye family of New Zealand and has been a major producer of dairy and beef. But the lush pastures will be planted in common pine trees so Gresham House can earn carbon credits.
NSW Libertarian Craig Kelly says it’s straight out economic vandalism. “It makes you want to weep for Australia,” he posted on X.
He compared Luddites buying a factory and smashing the productive machines with sledge hammers.
The farm has been known as a powerhouse of beef and dairy production for decades but will now be shut down for “carbon credits” that Kelly described as “worthless pieces of paper peddled by grifters, spivs, and rent-seeking parasites in the name of Net Zero so they can profit while the nation suffers.”
“Just when you think it can’t get any worse — congratulations, Australia — our taxpayers are being forced to fund this insanity with $69 million.
“That’s right. Chris Bowen’s Clean Energy Finance Corporation is pumping $69 million of our money into the deal to become a minor shareholder in the destruction of productive farmland.
“Think about the l has been known evel of this insanity. $69 million of Australian taxpayers money is being used to help a foreign company buy Australian farmland and shut it down.
This is the international green movement in action: collapsing food production, productivity and living standards in the name of “saving the planet”.
“This is economic sabotage. With this decision today, Australia is a poorer, weaker nation,” says Kelly.
“Productive land is taken out of commission, food production is hit – so we’ll pay higher prices at supermarket and taxpayers foot the bill so the carbon credit scam industry can flourish.”
“They are vandalising our productive economy, enriching their mates, and driving us into decline — all while lying that this is “progress.”
One Nation has pledge to pull out of the Paris Agreement that facilitates this kind of folly, in addition to scrapping the wasteful, destructive neo-Marxist institution called the Department of Climate Change.
