The resource/coal part actually took a dip 4/5 years ago. The main driver of the economy in the last couple of years has been real estate.
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Coal is more directly related to carbon emissions though....
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Yeh, some of us are aware of this, but most vote for the people who profit off these industries, so no action is being taken
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As friends said when I lived in Australia: A huge quantity of China’s raw materials for growth came out of a hole in the ground in AU. Managed/negotiated properly, that transaction should have set Australia up for a generation or more. Instead, it didn’t. What happened?
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“Part of the challenge is urban sprawl, as rising inner-city home prices push Australians into distant suburbs brushing up against the forest.” Might as well be speaking about CA.
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Coincidentally, PG&E’s new-ish utility CEO:https://mobile.abc.net.au/news/2018-08-27/how-andy-vesey-became-the-fall-guy-in-the-national-power-play/10166882?pfmredir=sm …
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Canada is fairly similar, replace coal with oil.
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Be the change you want to see in the world.
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Australia may well be saved by the increasing inability of the Chinese corporate and local government sectors to borrow more money to finance (uneconomic) new infrastructure. Seems like that’s the only way the politics change. Big firms will have to restructure first.
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