The Big Bad Australian, Battling the Nation’s Interest

BHP, the world’s largest mining company, has demonstrated its clout by firing the head of the Minerals Council of Australia, Brendan Pearson. Amongst the most competent and seasoned energy specialists in Australia, Brendan had led the MCA with self-effacing charm.

He had sought to ensure an integrity in the organisation (this being the second most important of BHP’s stated values – clearly trumped by the organisation’s view of it first stated value “sustainability”). MCA commissioned GHD  to do the basic research on the costs of new coal in Australian generation; though careful to doff a hat to Political Correctness by measuring only high cost HELE (high efficiency low emissions) plant it estimated the costs at under $50 per MWh, much less than half of the costs of unreliable wind and solar. Such costing confirmed those of my own, which were developed by examining costs of the most recently commissioned Australian generator and estimating cost increases in coal, labour and capital since then.

Perhaps because its executives have caught the greenhouse climate change disease or perhaps because they fear the campaigning left, BHP has been in the forefront of politically correct statements on the issue.

It was a major supporter of the Gillard carbon tax and contributed heavily to funding the ALP taxpayer floated think-tank, the Grattan Institute, for which it also got a free pas from the ALP to pursue its unconsummated takeover of its iron ore rival Rio.

BHP bankrolls organisations like the World Resources Institute to give it a clean bill of health as a greenhouse gas emitter, claiming that its in-house and related emissions have been halved to about 18 million tonnes of CO2. Of course that excludes its sales of the fiendish emitting products which involve some 70 million tonnes of CO2 from coal and maybe half that in terms of gas and petroleum.

Coal and petroleum contribute $3.8 billion and $4.1 billion respectively to gross profits with only iron ore greater at $9.2 billion – though this itself like the other major commodity copper (earning $3.5 billion in gross profits) is valueless without subsequent use of fossil fuels for processing.

The key Australian manager and deliverer of the death blow was Mike Henry who has overseen impressive cost cutting and for this may even be worth his $4.5 million a year remuneration. Henry doubtless believes that the world must move out of carbon fuels but there is no path for the Bad Australian to achieve this. Indeed in a delicious irony, its South Australian smelter lost $138 million as a result of the wind-induced state blackout debacle last year, a coal replacement strategy that the firm has championed.

It may make a deal of sense for BHP to pay greenmail and denigrate the products that create its profits if in doing so they buy peace with the howling green agitators, who are proving their influence in the costly greenfare surrounding the Queensland Adani mine. But any net benefits that BHP shareholders from such strategies are peanuts compared to the damage its agitprop support does to the Australian economy.

p.s. Raider Elliott thinks BHP management have taken their eyes off the ball, as The Australian reports “BHP’s embattled boss has been given six months to save his job”

To his great shame Alan Moran admits to owning shares in BHP

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46 Responses to The Big Bad Australian, Battling the Nation’s Interest

  1. OneWorldGovernment

    BHP are one of the world’s greatest arsehole companies.

    Why don’t they only take wind and solar energy at their head office?

    Obviously a bullshit company.

  2. egg_

    Perhaps because its executives have caught the greenhouse climate change disease or perhaps because they fear the campaigning left, BHP has been in the forefront of politically correct statements on the issue.

    Blame a total lack of leadership from the political class for not calling the likes of TheirABC to task for their rabid Green/Left agenda, leading the 24 hour News cycle and setting the MSM agenda- starting with Abbott, who announced hands-off the ABC immediately once in office (WTF? Turnbull’s portfolio).

    The country is still in the throes of recovering from the departure of seasoned politicians – on both sides of the house – who would have taken Aunty by the scruff of the neck and tutored her in reality.

    Unfortunately, Labor allowed the likes of KRudd to surmount the totem pole, ousting senior talent such as Beazley and Latham – Aunty itself unseated the sitting Prime Minister with what turned out to be a virtue signalling talentless ABC hack with nothing to speak of in her achievements whilst in the house, other than being a seat warmer.

    The current crop of third-rate retail politicians are worse than useless loose canons rolling about the deck and Turnbull is worse than KRudd.

  3. Major Elvis Newton

    Beyond an invertebrate aboardand aexecutive team, the source of BHPs woes are increasing activist shareholders like this clown outfit run by a social justice lawyer:

    BHP to review Minerals Council membership after green push

    It’s organisations like this that have undermined the MCA and the resources industry in Australia and they will continue to do so with increasing prejudice.

  4. OneWorldGovernment

    egg_

    You are talking about f*ckwit politicians. Fair enough.

    I’m responding to my perception of Alan’s comments in regards to BHP.

    I take it further and say that ALL f*cking directors should be whipped and burnt.

    The ACCC is a joke along with ASIC. They are both classics of NAZI socialism.

    Imagine how the dumb fucks in both places cannot work out how AGL has an ENRON trained and primed rip off merchant prepared to destroy Australia.

    And hey you bastards, not a problem if you think you will shut my comments down.

    I will front up in any court of law, where there is law.

  5. stackja

    An outstanding work ethic drove Essington Lewis to devote his whole life to developing industry in Australia, in particular the Broken Hill Proprietary Company.

  6. stackja

    Liberty Quote
    Trade unions, professional associations, industrial organisations, special interests of all kinds, from artistic to environmental, not only demand increased government expenditure but also oppose reductions that would limit their activities, power, influence, and incomes.

    — Arthur Seldon

  7. OneWorldGovernment

    Major Elvis Newton
    #2505173, posted on September 23, 2017 at 7:11 am

    Beyond an invertebrate aboardand aexecutive team, the source of BHPs woes are increasing activist shareholders like this clown outfit run by a social justice lawyer:

    Don’t worry Major.

    When the fuckheads disappear up their own bum holes WE will take over.

  8. 132andBush

    Blame a total lack of leadership from the political class for not calling the likes of TheirABC to task for their rabid Green/Left agenda, leading the 24 hour News cycle and setting the MSM agenda- starting with Abbott, who announced hands-off the ABC immediately once in office (WTF? Turnbull’s portfolio).

    The leader of the so called conservative side of politics who calls out this green, socialist, scam will win three terms minimum. That means zero RET and subsidies, applied retrospectively if possible so the scamming companies and union super funds have to pay some ill gotten gains back. (yes, a pipe dream).
    Think of the demolition jobs in the short term.

  9. OneWorldGovernment

    … because the fuckheads will starve to death because they cannot produce anything.

  10. OneWorldGovernment

    All that comes out of cities is shit.

  11. egg_

    Think of the demolition jobs in the short term.

    I’m advised that the cheap Chinese steel of turbine towers is virtually ‘planned obsolescence’, as they’ll (internally) corrode like buggery – sounds like a safety hazard, as the things are over 100 m high.

  12. OneWorldGovernment

    Major,

    If any of the crapping in their dacks ‘directors’ were alive when BHP and South came into being they would have begged the poofta Ghans/Turks to shoot them.

    And the current snivelling mob of BHP directors would have rushed out to crtitisize the folk that shot the shit out of the foul stinking Islamic Muslims.

    https://en.wikipedia.org/wiki/Battle_of_Broken_Hill

  13. OneWorldGovernment

    My mob were up there at the time and I have NO respect

  14. OneWorldGovernment

    Successive BHP directors have destroyed more wealth than you or I can point a stick at.

    They are fucking mad and have no idea about mining nor oil production.

  15. RobK

    Thanks Alan and the Major,
    Looking at the link in the Major’s comment, the ACCR board appears to firmly push the UN line on Agenda 21. Herein is the problem; politics from within. Well spotted.

  16. OneWorldGovernment

    RobK
    #2505210, posted on September 23, 2017 at 8:23 am

    Thanks Alan and the Major,
    Looking at the link in the Major’s comment, the ACCR board appears to firmly push the UN line on Agenda 21. Herein is the problem; politics from within. Well spotted.

    RobK

    Every single slug Australian director pushes Agenda 21.

    The old BHP building, when you got to the top boardroom floor, used to sway like blazes in the slightest of breezes.

    Now ALL Australian companies and so called directors have their noses up the bum of Agenda 21.

  17. RobK

    OWG,
    Yes, thanks. I’m a little wiser if not happier for that.

  18. 132andBush

    I’m advised that the cheap Chinese steel of turbine towers is virtually ‘planned obsolescence’, as they’ll (internally) corrode like buggery – sounds like a safety hazard, as the things are over 100 m high.

    Interesting info and doesn’t surprise. In other words these monstrosities are not designed for the long haul (not gold plated so to speak). Minimum possible capital investment for maximum gouge of the public purse.

    Should only need one wrap of shear cord to bring them down.

  19. OneWorldGovernment

    RobK

    I knew JB Were & Son, before they sold their everything to the octopus.

    I knew an offshoot of JB Were & Son, merchant bankers called Capel Court Corporation and another called Capel Court Securities.

    I knew Potter Partners and Cornhill Insurance.

    Nowadays I’m with Jeffrey Tucker http://catallaxyfiles.com/2017/09/22/jeffrey-tucker-icos-will-not-be-defeated/

  20. OneWorldGovernment

    132andBush
    #2505229, posted on September 23, 2017 at 8:56 am

    I’m advised that the cheap Chinese steel of turbine towers is virtually ‘planned obsolescence’, as they’ll (internally) corrode like buggery – sounds like a safety hazard, as the things are over 100 m high.

    Interesting info and doesn’t surprise. In other words these monstrosities are not designed for the long haul (not gold plated so to speak). Minimum possible capital investment for maximum gouge of the public purse.

    Should only need one wrap of shear cord to bring them down.

    Given the pathetic evidence in South Australia I’d reckon you would not need a complete wrap of cord!

  21. OneWorldGovernment

    What blows me away is that AGL has employed an aficionado of the ENRON cabel.

    And we are supposed to listen to him?

    Fuck off.

    Same with radio Alan Jones, Fuck Off.

  22. OneWorldGovernment

    … or some wanker that is supposedly the Chief Scientist.

    or some dickhead that runs the ACCC.

    Fuck Off.

    … or ASIC.

    Fuck Off.

  23. John Constantine

    Crony socialism.

    Their bhp has a massive compliance and regulatory division, so it can crush any agile, innovative up and coming competition by simply getting its crony bhp/union/bank/law/government/activist maaaates to impose a crushing lawfare burden on any sector bhp wants to itself.

    The cost of greentape and lawfare is absorbed by the massive legacy profits of the world class resources bhp exploits [ the work of obsolete and deplorable men]. the same costs cripple small start-ups.

    Crony socialism, Comrades, the government will borrow the cost of the failings.

  24. OneWorldGovernment

    John Constantine
    #2505248, posted on September 23, 2017 at 9:21 am

    Crony socialism.

    John Constantine

    The Red Gum Forests along the Murray River on both the Vic and NSW sides were the oldest managed forests in Australia. All shut to harvesting now.

    The scum that inhabit our cities can only produce shit.

  25. Chris M

    So BHP are pro-nuclear energy? Or they are fake-green only?

  26. RobK

    “But any net benefits that BHP shareholders from such strategies are peanuts compared to the damage its agitprop support does to the Australian economy.”
    A conflict between sovereignty and globalization. It seems globalization wins.

  27. H B Bear

    Big Government. Big Business. The Big Australian.

    Business – Australia style.

  28. OneWorldGovernment

    Chris M
    #2505262, posted on September 23, 2017 at 9:40 am

    So BHP are pro-nuclear energy? Or they are fake-green only?

    Like most Australian companies – fake green.

    They could not give a toss.

    If they were serious, the filthy scum, they would shut all their mines down.

    After all they are raping mother earth the bastards.

    How can you do that and still be a green communist?

  29. Rabz

    I’ll have to review my remaining shareholdings in Blobbition, it seems.

    Pity, they were a nice little earner.

  30. OneWorldGovernment

    … and all the other shithead company directors,

    why is the CBD of Melbourne, Sydney, Brisbane, Adelaide, Perth, Hobart (if you can call Hobart a CBD) not existing on wind power and solar you scum?

    why is the ABC not running on so called renewable energy?

  31. Louis Hissink

    There is one additional factor in play – the role of the mega-sized superannuation funds and their influence at the board level. I recall wondering when the ACTU, some decades ago, went onto a policy tack involving superannuation for workers etc.. At the time I thought it was a back-door entry to controlling capital by gaining control of the industry super funds and hence influencing policy, and more importantly, mega companies.

    During 1977 I worked for a short time for Snowy Mountains and Engineering Corp, and indirectly with BHP. Then I realised BHP was just another feather-bedded bureaucracy worse, at times, than government.

    Cliché it is but the Commies are in charge and it’s not going to end well.

  32. OneWorldGovernment

    Louis Hissink
    #2505284, posted on September 23, 2017 at 10:03 am

    There is one additional factor in play

    Louis Hissink

    Many, many, many years ago I went to an employment type agency that infested a building down St. Kilda Road in Melbourne.

    The bloke I spoke to loved every bit of my background but in the end he had to say, “you will never get a job”.

    Why not, I asked.

    Because you know how to make decisions was his reply.

  33. 132andBush

    Just imagine the visual.

    Waubra “windfarm”, all wired up together and then the command “initiate”.
    The only question is should there be a 1/2 sec delay between each charge , for a bit of a cascading effect, or simultaneous?

  34. Rob MW

    Absolutely incredible. Pretty much happening all over the world however. Large businesses ditching investors/clients/customers/suppliers based solely the politics of board members.

  35. Louis Hissink

    Why not, I asked.
    Because you know how to make decisions was his reply.

    Hah, HR for another “Big Miner” told me afterwards that I should never been hired in the first place – that I was too decisive and too intelligent, and hence a potential trouble maker; true as it ended out.

    That remark caused my eyes to glaze over.

  36. Robber Baron

    BHP joined the “progressive klan” years ago under Kloppers. They are paid up Klansmen and “progressive” crony government enablers. They are licking their lips at the prospect of a Shorten reich. The ore trains will run on time under il duce Shorten…1930s here we come…who said fascism is out-dated?

  37. Roger

    …who said fascism is out-dated?

    Fascist corporatism is our future.

    Big government, big business, big labour and big sport will unite to suppress individual rights and roll back democracy (“populism”) in every area of life in the name of the all encompassing corporate state.

  38. Alan moran

    Robk and major. ACCR seems to target CO2 emissions and GM food. Is headed by Meredith Edwards at Univ Canberra and presumably gets support from that public agency. It’s board comprises sinecured climate alarmists. Cannot see an annual report to allow funding to be tracked

  39. Andrew M.

    But any net benefits that BHP shareholders [get] from such strategies are peanuts compared to the damage its agitprop support does to the Australian economy.

    Quite possibly the only time a right wing author will be caught claiming that big corporations have deleterious effects on society that are not incorporated into the price of their products.
    Conversely, we’ll probably never hear the ALP arguing that any company conforming to Green/Left ideology should be taxed to “internalise the externalities” of the damage green tape causes.

  40. Crossie

    It may make a deal of sense for BHP to pay greenmail and denigrate the products that create its profits if in doing so they buy peace with the howling green agitators, who are proving their influence in the costly greenfare surrounding the Queensland Adani mine. But any net benefits that BHP shareholders from such strategies are peanuts compared to the damage its agitprop support does to the Australian economy.

    BHP thinks they will remain at the trough if they please the Greens and Labor socialists but they could be mistaken. By admitting to some sins they leave themselves open to more persecution. Greens/commies and socialists are not known for their compassion to big business. BHP will be in their sights as soon as another sacrificial company is required to placate their voters.

  41. Herodotus

    A company with as much technical expertise on tap as BHP has no excuse for joining the climate change cool-aid guzzlers. It’s not just unbecoming, it’s not in Australia’s interests.

  42. RobK

    https://mobile.twitter.com/AustCCR
    Some interesting reading on Twitter. They use Holfast Global Communications to manage their PR. A nice bank roll somewhere no doubt.

  43. Dr Fred Lenin

    It seems the big companies are infected with the IGFarben / socialist HITLER disease ,the u.n.communist fascists are hand in glove with the exploiting capitalists ,stuff the workers and productive people
    <the socialist fascists don’t represem]n them <more sympathetic to the renegade a Jew ,soros ,exploiter if currencies ,then again tgey never really gave a stuff about workers ,they were only to be used to gain power .

  44. H B Bear

    The last decent miners were Hugh Morgan and Charlie Copeman. They knew the value of the main game – busting the unions.

  45. Turtle of WA

    Mining and fossil fuel companies need to do a John Gault, not pander to the loafers.

  46. Jannie

    I sold all my BHP interests a while back already and have put about 30% of all capital offshore. That’s going to be 80% soon. It’s hard and unprofitable to invest in Australia unless you have inside info and government money.

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