How anti-coal campaigners are protecting Australia’s economy

Damn the Matrix

This is a guest post from Paul Gilding who kindly gave me permission to republish his excellent article……

Irony doesn’t get any better than this. Environmentalists and farmers fighting the expansion of coal mining and coal seam gas across Australia are protecting the economy. If they are successful in slowing down or reversing these sectors in Australia, future governments will be spared an economic mess, Australian workers will have much improved employment prospects and our big banks will be spared major losses.

 
That’s because, while not their intention, such campaigns are the only thing likely to moderate the rude economic awakening we face when the global carbon bubble bursts and the fossil fuel industries start their inevitable and terminal decline.  While the world economy will be impacted Australia is particularly exposed and with the active support of our governments and financial institutions, coal and gas companies are doing their…

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