#hunterregions — Public Fediverse posts

This is an interesting article. Why? Because it goes beyond the normalized threadbare reporting we are subjected to from main stream media. And because the information imparted by the article is so… *refreshing* ?… due to its structure (the way it is written) and the information it reveals, both of which entice the reader to pay attention while reducing the temptation to *skim* the article — *skim reading* is a pathology thrust upon readers of social media platforms, it is highly infectious and to date there are no remedies (but maybe this article and the type of *journalism* it champions is the antidote).

The article **explains** (wooaah, that’s bold and inovative) that the #TomagoSmelter bail out isn’t, in fact, a run-of-the-mill govt *bail out*.

“…there is every chance that this arrangement will be cost-neutral over the decade, while at the same time turbocharging the energy transition and economic diversification of Australia’s most prominent industrial region.” That is the exiting part.

But there is a dependency and #RioTinto needs to stick to the commitment for a decade at least. “ For its part, Tomago has committed to investing a minimum of $1.1 billion in reducing energy usage and switching to renewables. Not only will closure be avoided, but there will be a value-add to the region.”

And that #Corporation has a track record : https://www.accr.org.au/news/rio-tinto-climate-hypocrisy-accr-to-disengage-following-revelation-of-lobbying-the-prime-minister-on-climate-trigger/

If it all works out as planned, this public funding/investment (not a bail out as such) will benefit all parties including the #HunterRegions and support the transition to #Renewables energy.

Read the article here: https://thepoint.com.au/opinions/260814-tomago-aluminium-deal-is-no-ordinary-bail-out

#ThisIsJournalism #NotThreadbareReporting #AusPol #Economics #PublicPurse #QuidProQuo #EnergyCosts #ElectricalEnergyContracts #GovtBailOut #Electrification #GreenEnergy #TransitioningToRenewables #GreenAluminium
#AustralianSmelters

This is an interesting article. Why? Because it goes beyond the normalized threadbare reporting we are subjected to from main stream media. And because the information imparted by the article is so… *refreshing* ?… due to its structure (the way it is written) and the information it reveals, both of which entice the reader to pay attention while reducing the temptation to *skim* the article — *skim reading* is a pathology thrust upon readers of social media platforms, it is highly infectious and to date there are no remedies (but maybe this article and the type of *journalism* it champions is the antidote).

The article **explains** (wooaah, that’s bold and inovative) that the #TomagoSmelter bail out isn’t, in fact, a run-of-the-mill govt *bail out*.

“…there is every chance that this arrangement will be cost-neutral over the decade, while at the same time turbocharging the energy transition and economic diversification of Australia’s most prominent industrial region.” That is the exiting part.

But there is a dependency and #RioTinto needs to stick to the commitment for a decade at least. “ For its part, Tomago has committed to investing a minimum of $1.1 billion in reducing energy usage and switching to renewables. Not only will closure be avoided, but there will be a value-add to the region.”

And that #Corporation has a track record : https://www.accr.org.au/news/rio-tinto-climate-hypocrisy-accr-to-disengage-following-revelation-of-lobbying-the-prime-minister-on-climate-trigger/

If it all works out as planned, this public funding/investment (not a bail out as such) will benefit all parties including the #HunterRegions and support the transition to #Renewables energy.

Read the article here: https://thepoint.com.au/opinions/260814-tomago-aluminium-deal-is-no-ordinary-bail-out

#ThisIsJournalism #NotThreadbareReporting #AusPol #Economics #PublicPurse #QuidProQuo #EnergyCosts #ElectricalEnergyContracts #GovtBailOut #Electrification #GreenEnergy #TransitioningToRenewables #GreenAluminium
#AustralianSmelters