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Government abandons Banking Royal Commission recommendations

The government’s delay or abandonment of most of the recommendations from the Banking Royal Commission is a commitment to the hands off approach that caused the problems in the first place, the Greens say.

“The Liberals had to be dragged kicking and screaming into this Royal Commission, and they have never accepted that there is serious criminality and bad behaviour within the sector,” Greens Economic Justice spokesperson Senator Nick McKim said.

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Failure of Chevron's Gorgon Project shows carbon capture is an expensive myth

Nick McKim 16 Jan 2021

The failure of Chevron’s Gorgon carbon capture and storage project is a symbol of the total failure of the CCS industry, the Greens have said today, calling for the federal money wasted on the project to be returned.

New reporting shows the project was years behind schedule, over budget, and rapidly slowing down carbon storage rates as the $180bn corporation struggles to figure out how to inject millions of tonnes of gas below the ground.

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Coalition and Labor light the fuse on Beetaloo gas bomb

The Greens have slammed the Liberals and Labor for today throwing $217 million in road funding to enable the Beetaloo Basin gas project, saying the funding would worsen the climate crisis and result in a stranded asset as our trading partners abandon gas. 

"The Coalition and NT Labor are in lock step in their plan to light the fuse on the Beetaloo climate bomb,” Acting Greens Leader Nick McKim said. 

"If your plan for the future includes fracking a massive gas mine for 70 years, there's no mincing words - you're a climate denialist.

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Decades of manufacturing decline limits vaccine options, publicly-owned vaccine manufacturer could save lives

The Greens say that decades of decline in Australian manufacturing puts the nation at risk of having fewer options when it comes to Covid-19 vaccines, and have called for a publicly-owned vaccine manufacturer.

Both Pfizer/BioNTech and Moderna vaccines are based on new technology (mRNA), and while CSL has capacity to manufacture the protein based vaccines it doesn’t at this time have the ability to produce mRNA.

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Statement on Michael McCormack

Nick McKim 12 Jan 2021

“McCormack's actions over the last two days are an attempt to take Australia down the dangerous path of post-truth politics. 

“The facts are simple. The Black Lives Matter movement is a push back against racist policing and politics. In contrast the Capital riots were because the far right didn't want to accept the results of a fair and democratic election. 

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MYEFO

MYEFO shows yet again that the Liberals are locking in inequality and damage from climate change, the Greens say.

“The economy continues to be underpinned by Government spending, with state governments’ investment in social housing and public transport responsible for a lot of the improved outlook," Greens Economic Justice Spokesperson Senator Nick McKim said.

"But wages growth has been revised down following the Government’s announcement that they will reduce public sector wage increases.”

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Future Fund must divest from Adani

The Future Fund must divest the $3 million it has put into a railway for the climate-destroying Adani coal mine, the Greens say.

Greens Economic Justice Spokesperson Senator Nick McKim said.

"This is public money and should be invested for the public good."

"Having already ruled out investing in tobacco products, the Future Fund must urgently get out of fossil fuels."

"This is a bad investment financially, morally and environmentally. To use public funds to cook the planet is an extraordinary error of judgement."

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Anti-money laundering laws

The Government and Labor have again wasted an opportunity to include real estate agents, accountants and lawyers subject to mandatory reporting of money laundering.

"We have been waiting 14 years for this badly needed reform," Greens Economic Justice spokesperson Senator Nick McKim said.

"Dirty money is flooding Australia's property market, helping to push house prices even higher, and making owning a home even more difficult for too many Australians."

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National accounts show government spending must continue

Today’s national accounts figures show that government support for people who need it most must continue, Greens economic justice spokesperson Senator Nick McKim says.

 

 

“These figures show it was government spending that propped up the rest of the economy,” Senator McKim said.

“And even then, we are still way behind where we were before the pandemic hit. Millions of Australians are unemployed or underemployed.”

“As the OECD has made clear, now is not the time for the government to cut spending.”

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