{"id":346281,"date":"2024-10-10T16:16:45","date_gmt":"2024-10-10T14:16:45","guid":{"rendered":"https:\/\/climatescience.press\/?p=346281"},"modified":"2024-10-10T16:16:48","modified_gmt":"2024-10-10T14:16:48","slug":"nanny-state-rule-and-banking-cartel-may-crash-out-coal-plant-and-4-of-our-electricity-after-christmas","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=346281","title":{"rendered":"Nanny-state rule and banking-cartel may crash out coal plant and 4% of our electricity after Christmas"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From JoNova <\/a><\/p>\n\n\n\n

By Jo Nova<\/h4>\n\n\n
\n
\"\"<\/figure>\n<\/div>\n\n\n

Banker warfare to destroy businesses but make the weather nicer\u2026<\/h4>\n\n\n\n

It\u2019s another emergency on the Australian Soviet-style electricity grid. An entirely profitable and law abiding operation is potentially about to be shut down, putting 4% of the national electricity supply at risk, because the bankers want to save the world, and the government is helping them. Who runs the country, is it the PM or the banker cartel?<\/p>\n\n\n\n

Delta Electricity needs a bank guarantee so it can keep trading in our national electricity market, but 15 banks have refused to supply that because of their own show-pony ESG requirements, designed to impress their ski buddies at Davos. Essentially, the bankers want to decarbonize our electricity grid, and make electricity more expensive for the poor, but can\u2019t be bothered to run for election, so they are running the country the way they want anyhow \u2014 voters be damned.<\/p>\n\n\n\n

It\u2019s even more absurd that it looks, Delta isn\u2019t asking for a loan \u2014 it\u2019s profitable, it has the cash. But the bankers won\u2019t even hold the cash and promise to pay it back when needed. Delta\u2019s current bank guarantee runs out on Dec 31, and after that it won\u2019t be legally able to supply electricity unless the bureaucrats change the rules. So Delta has issued an urgent request for a rule change to add the words \u201cor cash\u201d to the current market rules.<\/p>\n\n\n\n

Anthony Albanese could solve this in five minutes. Apart from the banal rule change, all these banks are only allowed to trade in Australia with government approval, and their role is to serve the people, not to control the weather, or run political agendas. All the PM has to do is threaten to revoke their licenses or issue a new license to a competitor that will serve fossil fuel entities. He could also pull government contracts and pension accounts from bankers who boycott legal Australian entities for political reasons. (See how Ron de Santis did that in the US<\/a>). The US Republican States have already solved this to some extent.<\/p>\n\n\n\n

One of Australia\u2019s oldest coal generators refused bank guarantees, operating status under threat<\/a><\/h4>\n\n\n\n

Delta Electricity, which operates the Vales Point coal-fired power station in New South Wales, has requested an urgent rule change from the Australian Energy Market Commission after 15 banks refused to offer it credit on emissions grounds.<\/p>\n\n\n\n

Chief executive Richard Wrightson said he had even offered to deposit money with an institution as security, simply to procure the financial instrument necessary under the rules, but even that offer was refused.<\/p>\n\n\n\n

\u201cWe\u2019re actually not asking them to lend, we\u2019re just asking them to issue a bank guarantee,\u2019\u2019 Mr Wrightson said.<\/p>\n\n\n\n

\u201cThis de-banking is dangerous \u2026 I won\u2019t describe it as a crisis now, but unless we prepare for this, it\u2019s chaotic.\u2019\u2019<\/p>\n\n\n\n

Delta Electricity runs the Vales Point coal fired station in New South Wales. It has a capacity of 1320MW, and was marked for closure in 2029, but the Czech group that owns it said it should run at least another 4 years. The poor sods.  What foreign company would want to invest in Australia any more with a rabid government that allows the banking mafia to run the electricity grid and to bankrupt legal entities on a whim?<\/p>\n\n\n\n

What looks, acts and smells like a banker cartel?<\/h4>\n\n\n\n

What are the odds in a free market that 15 out of 15 banks decided to adopt the same \u201canti fossil fuel\u201d boycott program at the same time? All of them are saying \u201cNo thanks\u201d to the profits from arrangements with thermal coal. Speaking of which, why aren\u2019t all the other private coal plants struggling? The plants owned by Alinta and EnergyAustralia are Chinese State assets, so President Xi is happy to help. But AGL and Origin Energy own coal plants and they aren\u2019t begging for a rule change. Do they get a free pass from the bankers because they also own unreliable generators too? Is that how this works  \u2014 to squeeze out the only independent coal plant with no vested interest in sabotaging coal power?<\/p>\n\n\n\n

The octopus grip of the big bankers spreads.<\/p>\n\n\n\n

All the Australian \u201cBig Four\u201d bankers signed the GFANZ banker cartel agreement<\/a> \u2014 ANZ, CommBank, Westpac, NAB, plus Macquarie Bank, and Bank of Queensland. They serve the globalist UN, or their BlackRock and Vanguard masters, not the Australian people. All banks depend on government protection for their ability to create legal currency out of thin air. If you or I loaned money we didn\u2019t have, it would be called counterfeiting.<\/p>\n\n\n\n

The money-printers have more control over our national grid than our PM seemingly has.<\/p>\n\n\n\n

h\/t Bally, RickWill,<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s another emergency on the Australian Soviet-style electricity grid. An entirely profitable and law abiding operation is potentially about to be shut down, putting 4% of the national electricity supply at risk, because the bankers want to save the world, and the government is helping them. Who runs the country, is it the PM or the banker cartel?<\/p>\n","protected":false},"author":121246920,"featured_media":346286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818216,691830876,691830873,691830875,691830874],"class_list":{"0":"post-346281","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-australia","9":"tag-bank-guarantees","10":"tag-banker-warfare","11":"tag-delta-electricity","12":"tag-soviet-style-electricity-grid","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0-bankos.png?fit=1024%2C632&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1s5b","jetpack-related-posts":[{"id":220193,"url":"https:\/\/climatescience.press\/?p=220193","url_meta":{"origin":346281,"position":0},"title":"Winning: Antitrust laws slow down the climate plans of $130T monster cartel of UN and global bankers","author":"uwe.roland.gross","date":"23\/09\/2022","format":false,"excerpt":"It was the massive miracle-funding coalition of Glasgow, but it is already starting to unravel as the banks figure out that conspiring to force \u201cclimate action\u201d puts them at risk of antitrust suits.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1098.png?fit=1200%2C627&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1098.png?fit=1200%2C627&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1098.png?fit=1200%2C627&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1098.png?fit=1200%2C627&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1098.png?fit=1200%2C627&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":385335,"url":"https:\/\/climatescience.press\/?p=385335","url_meta":{"origin":346281,"position":1},"title":"Global Banks retreat from trying to change the climate and pour $900 billion into fossil fuels","author":"uwe.roland.gross","date":"27\/06\/2025","format":false,"excerpt":"Elections do have consequences. 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