Is Net Zero Just an Accounting Scam? Albo's Corruption Report Card & Canavan's Question Dodge + The Billion Dollar Scam Driving Up Your Mortgage

Is Net Zero Just an Accounting Scam? Albo's Corruption Report Card & Canavan's Question Dodge

THE SCAM: Government sells carbon offsets to companies for trees that were never planned to be cut down, allowing corporations to claim emissions reductions while continuing business as usual. Gas companies use taxpayer-funded "carbon capture" schemes to inject CO2 underground - then use it to extract more gas for export.

THE DAMAGE: Punters pay twice - funding fake carbon credits through government schemes while companies avoid real emissions cuts. Australia continues giving away gas for free to the same cartels gaming the carbon offset system, all while energy bills rise.

THE OUTCOME: Both major parties take fossil fuel donations while engaging in culture war theatre over net zero targets. Liberal Party's net zero backflip serves as distraction politics, keeping media focus off the real issue - corporate bludgers still getting gas royalty-free.

Punter Citations:
ABC - Many carbon credits for deforestation could be 'nothing more than hot air', report finds

 

The Billion Dollar Scam Driving Up Your Mortgage

THE SCAM: Santos doubled the size of their Curtis Island export plant mid-construction, then signed overseas supply contracts they couldn't fulfil with affordable gas. Their solution: siphon gas from Australia's domestic market, tripling east coast gas prices since 2011.

THE DAMAGE: Higher gas prices drove electricity costs up across the economy, forcing Reserve Bank to hike interest rates higher and for longer than necessary. Australian households pay through higher energy bills AND higher mortgage repayments to subsidise Santos' failed business gamble.

THE OUTCOME: Three prime ministers (Turnbull, Morrison, Albanese) have failed to fix the crisis through government inquiries instead of action. Santos claims forcing domestic gas reserves would create "sovereign risk" - corporate speak for "let us keep screwing you or we'll leave."

Punter Citations:
ABC - Why Santos is behind your soaring electricity and mortgage costs