Monday, December 17, 2012
Another quarter billion dollars down the gurgler
The struggling Sydney Morning Herald has, I kid you not , a Carbon Economy Editor which probably goes some way to explain why the paper is going down the tubes. With the staff levels now cut to the bone only those vital to the the paper now remain including the above position.It would obviously be impossible for a newspaper to operate without a Carbon Economy Editor . This must be a board decision - the same board which wants the richest woman in the world before she invests to sign a declaration that she will not change the editorial policies that have sent the paper broke.
Anyway the Carbon Economy Editor has the story of the "clean coal" project at the old Callide Power station which has racked up close to a quarter billion dollars trying to capture CO2 and stuff it into a hole in the ground where it is supposed to stay in this looney-tunes plan.
It seems that the main fuel that the trial plant burns is taxpayer dollars !