Skip to main content

Business News Releases

Expensive and dangerous: Nuclear doesn’t stack up says ETU

LIFTING THE BAN on nuclear power generation in NSW using unproven small-scale reactors will only push up power bills, damage the environment and compromise safety, according to the Electrical Trades Union (ETU).

ETU National and NSW Secretary, Allen Hicks, said nuclear power would be hugely expensive compared to renewable energy, and that small nuclear reactors were still a pipe dream.

The recommendation around small scale reactors is one of 60 contained in the NSW Productivity Commission’s White Paper, which is supposedly designed to reboot the state’s economy, according to Mr Hicks.

“The Productivity Commission has lost the plot if it thinks small modular reactors, a technology that has been ‘just around the corner’ since the 1970’s but still doesn’t exist, is the answer to NSW’s productivity growth,” Mr Hicks said.

“Even if someone finally manages to build one that works, the electricity price forecast for their output is six times more expensive than renewables.

“Why does the Productivity Commission want NSW residents paying six times more for their electricity?

"There are massive offshore wind projects waiting for federal approval off the NSW coast near Newcastle, Wollongong and Eden. Rather than pie-in-the sky nuclear nonsense we should get on with approving this clean energy and getting it into out grid," he said.

"The commission said lifting the ban would provide another source of firming capacity in the grid. But its own report admits “a wide degree of uncertainty” about small-scale nuclear reactors, mainly due to cost," Mr Hicks said.

NSW Treasurer Dominic Perrottet said the government “will consider everything” in the report.

But Mr Hicks said the State Government must hit the stop button on nuclear power, as the business model for a dirty and dangerous technology did not stack up.

“Even if they improve the technology, a small modular reactor would take far too long to build, and we don’t have time to waste in the fight against climate change,” Mr Hicks said.

“Globally, most countries are moving away from nuclear power. Few new reactors are being built and nuclear companies are going bankrupt or facing financial distress. 

“Nuclear power also has the potential to contribute to weapons proliferation.”

Mr Hicks said the government should instead continue to focus on renewable energy. 

“With a bit of foresight, some investment and some big thinkers, Australia is uniquely positioned in the world to become a renewable energy leader," he said.

"Boosting the economy, providing more jobs, and dealing with climate change are big problems, but nuclear power is not the answer.”

ends

  • Created on .

Growing aquaculture to $2 billion

THE Australian Government’s ongoing commitment to grow the value of Australian aquaculture to $2 billion by 2027 will be discussed at an upcoming public hearing by the ​House Agriculture and Water Resources Committee

The Committee will speak to the Department of Agriculture, Water, and the Environment this Thursday as part of its inquiry into the Australian aquaculture sector. Witnesses will appear in person.

Committee Chair, Rick Wilson MP, noted that, while the day-to-day operations of aquaculture enterprises are regulated by state and territory governments, the Commonwealth holds several key functions which directly affect the sector. These include biosecurity and environmental management, aquatic animal health, food safety, national research programs, and market access and trade.  ​​​

"The Government is currently implementing a National Aquaculture Strategy which recognises the increasingly important role of the sector to the Australian economy and aims to grow its value to $2 billion by 2027. The Committee looks forward to discussing the progress of this strategy with the Department," Mr Wilson said. 

For further information, visit the inquiry website.

ends

  • Created on .

Finding the path from the justice system to employment

THE Glen Drug and Rehabilitation Centre will give evidence to the House Standing Committee on Indigenous Affairs this Thursday and talk about the success and challenges it has faced helping both Indigenous and non-Indigenous men move into employment.

The hearing is part of the Committee’s inquiry into pathways and participation opportunities for First Nations peoples in employment and business. Witnesses will be appearing via videoconference.

Committee Chair, Julian Leeser MP, said the Committee visited ‘The Glen’ during its public hearings on the Central Coast in April and was very impressed with its work.

"The Glen has operated since 1994 and has helped both Indigenous and non-Indigenous men with a history of addiction and contact with the criminal justice system to overcome significant hurdles and move into employment," Mr Lesseer said. "The Committee noted, however, that these men still faced immense structural barriers which can make it very difficult to find work.

"The Committee looks forward to speaking with The Glen about their successes as well as the ongoing challenges for participants in their program," Mr Leeser said.

Public hearing details

Date: Thursday, 3 June 2021
Time: 11.40am to 12.25pm AEDT

A live audio stream of the hearing will be accessible at https://www.aph.gov.au/Watch_Read_Listen.

A full program will be available at the inquiry website.

ends

  • Created on .

Navy Women’s Mentor Program now available to all through Women & Leadership Australia

THE Expert Mentoring Program, created by Women and Leadership Australia (WLA) to support the Royal Australian Navy in their gender equity work, is now available for all people in Australia who wish to contribute to gender equity in their industry and organisation.

The program was created in partnership with the Royal Australian Navy, as part of the service's initiatives to support more women to take on entry level, middle and senior leadership roles within the organisation.

Lieutenant Kim Green, from the Directorate of Navy Culture, said of the program, “The Navy Women’s Mentoring Program links Navy personnel of all ranks, categories, primary qualifications and experience, from across the country through a virtual mentoring framework where the support and development of all Navy people is a priority.

"Navy views mentorship as a key enabler to retention and capability and as Navy continues to grow our female participation rate, the mentoring program is seen as a key enabler for gender equality and future gender parity.

“The inaugural first round of the Navy Women’s Mentoring Program was well received with over 200 personnel registering for mentorship. As the mentoring program matures we are seeing an increased demand for future participation which is a fantastic outcome for Navy and our people,” Lt Green said.

The program has now been adapted to assist current and aspiring mentors in all industries to maximise their approach, in order to provide meaningful professional and personal growth to their mentees.

Suzi Finkelstein, CEO of WLA, said of the initiative, “We have done so much meaningful work with the Navy. The impact of this program inspired us to adapt this program for all industries. We want to ensure women across all industries and sectors can benefit from this best-practice mentoring program.

“Mentoring is a powerful tool for enabling gender equity and breaking down stereotypes. Good mentors have no agenda other than assisting their mentees in reaching their own goals. They aim to provide a safe, confidential space for their mentees to explore new ideas, and an unbiased sounding board to test their assumptions.

“And for the mentor, the relationship can build confidence, provide opportunities for self-reflection, and generate a sense of satisfaction in supporting emerging women leaders.​

“The Expert Mentoring Program imbues mentors with the skills required to facilitate learning, connection and advancement for the mentee.”

Chief Petty Officer Zoe Mack, who participated in the Navy Women’s Mentoring Program said, “Throughout working with my mentor I have gained insight into different opportunities available to me that I hadn’t previously considered. My mentor encouraged and supported me to tread my own path and facilitated a space for me to be unapologetic with my ambitions. Discussions with my mentor have propelled me, shaping my career into something that fulfils me and helped me find strength in non-traditional paths.

“The Navy Women’s Mentoring Program has not only assisted me in having clarity of my own professional career path, but has also given me the confidence and the skills to support the younger generation of Navy personnel to develop theirs.”

The Expert Mentor Program is a one day, online, immersive program. Facilitated by Women and Leadership Australia, participants will spend the day learning from WLA’s expert leadership facilitators and subject matter experts.

https://www.wla.edu.au/emp.html

 

ends

  • Created on .

Qld exploration results continue to defy pandemic

EXPLORATION expenditure in Queensland have risen by 24 percent over the past 12 months to reach $708 million since March 2020, the Queensland Resources Council (QRC) said today. 

QRC chief executive Ian Macfarlane said the latest ABS exploration data released today shows that in spite of the global pandemic, Queensland’s resources sector has continued to surge ahead, particularly in petroleum and minerals. 

“The latest data is the first time we’ve been able to look at how the exploration industry has performed over a 12-month period since the onset of COVID, and the news is very good for the Queensland economy and for regional jobs,” he said. 

“Annual expenditure on petroleum exploration in Queensland has risen by almost 60 percent since March 2020 to reach $297 million, compared to $188 million for the previous 12-month period. 

“Queensland minerals exploration expenditure has also kept increasing throughout COVID, rising by seven percent over the past 12 months to reach $411 million.” 

Looking at the performance of individual commodities over the 12 months, copper exploration expenditure is up 13 percent since March last year, gold is up 33 percent and selected base metals and coal are steady. 

Mr Macfarlane said while coal exploration expenditure was flat over the period, the good news is that demand for Australian coal is still very strong. 

“Queensland Treasury analysis highlights Queensland’s future coal demand will continue to be linked to key economies in North-East and South-East Asia, and demand for our metallurgical coal in particular hinges on the world’s two largest coal consumers, China and India,” he said.

“In Queensland, our coal industry enjoys some key advantages such as our strategic geographic location in the region and the superior quality of our coal compared with global competitors. 

“We are well placed to meet this projected increase in demand as long as we have the right policy settings in place.”

The QRC’s exploration arm the Queensland Exploration Council (QEC) Chair Kim Wainwright said Queensland’s exploration industry has shown resilience through what has been a tough year for explorers. 

“A year on from the pandemic, this informative expenditure data has proven our explorers are confident Queensland’s prospectivity is strong.

“It’s welcome news to know that the exploration industry is recovering from the challenges of COVID-19,” Ms Wainwright said.

www.qrc.org.au

ends

  • Created on .