Sadly, Australia has too many cuntish mining billionaires to choose from. This was just as likely to be Clive Palmer.
Silly rabbits, safety nets are for the rich.
This cunt again. And i dont mean that in a friendly way.
If it was approved and then cancelled I dont see why he shouldnt get his money back. This isnt a dictatorship like China after all, we should be somewhat fair to Canadian investors.
The BoC already warns we lack investment into Canada, and are complaining that even Canadian pensions barely invest into Canada. If this was done for political means then its banana republic type stuff.
Sure let the courts decide. At the same time, the other thing that makes us a democracy is that we also get to call that money hoarder an asshole if we think she acts like one.
EDIT:
The Grassy Mountain project, which Rinehart purchased from Riversdale Resources in 2019 for $740 million, proposed to dig up 4.5 million tonnes of metallurgical coal a year over a 23-year period in a critical watershed of the Oldman River in southern Alberta near the Crowsnest Pass. That major prairie river provides water for communities and farm irrigation downstream. Due to water concerns, a broad public coalition of ranchers, farmers, First Nations and conservationists strongly opposed the project as well as related mining developments in the Rocky Mountains by largely Australian coal interests. In 2021 a joint review panel firmly recommended after an extensive public hearing that the Grassy Mountain project was not in the public interest for economic and environmental reasons, including selenium pollution. It also raised issues about the quality of coal Northback proposed to mine.
Yea, fuck that asshole and fuck whoever thought this was a good idea in the first place.
The courts DID decide, all the way up to the Supreme Court. She didnt like that answer so chose to go over their heads using international investor state arbitration. The experts in the article seem to imply she doesnt have a leg to stand on but its disturbing such a thing is even available to help the rich escalate past the highest judiciary in the land and affect domestic policy even if only with simply the threat of proceedings and the massive losses of economic and political capital that could entail
Well its even weirder if it was bought from an existing resource company. Obviously all coal is dirty, despite the “clean coal” moniker, the problem is we still use it ourselves in places like BC.
You pay for the initial leg work, hoping it plays out the way you envision it. If it gets deemed unfeasable for reasons, you don’t get your initial investments back? That’s not how business is done. If they said go ahead before looking at it, then came back and stopped the project, sure, you might have a case. I would want all the facts before making a decision there, so let the courts handle it. It’s what they are there for.
Ms. Rinehart is a world-class billionaire asshat.
