By Andrew Bolt ~
A potential energy source in Australia is set to remain untapped, with a geothermal power project in the far north of South Australia now closed.
Energy company Geodynamics closed and remediated the sites of several test wells and generation plants in the Cooper Basin after deciding they were not financially viable.
So who spruiked it? Climate catastrophist Tim Flannery:
There are hot rocks in South Australia that potentially have enough embedded energy in them to run Australia’s economy for the best part of a century. They are not being fully exploited yet but the technology to extract that energy and turn it into electricity is relatively straightforward….
But we’ve totally ignored the technologies that really, I think, have a lot of potential to do the job very cost effectively such as geothermal and solar thermal….
Green groups complain to a gullible ABC that all that geo-thermal projects need is a grant:
South Australia’s Conservation Council is keen to see more public investment in geothermal energy and other renewable energy sources.
“There’s no doubt that a lot of these start-up, new sources of energy will require public funding to give them a start and, what we’ve found is, as soon as that happens the cost curve quickly reduces,” chief executive Craig Wilkins said.
In fact, Flannery (actually a Geodynamics shareholder) managed to help persuade the Rudd Government into giving Geodynamics a $90 million grant that’s now gone:
Geodynamics Limited is pleased to announce that all conditions precedent for the $90 million grant awarded to the Company under the Federal Government’s Renewable Energy Demonstration Program (REDP) have been satisfied… The $90 million grant was initially awarded to Geodynamics in November 2009 and is the largest amount awarded to any project under the program.
I did once confront Flannery about that and other dud predictions, but I never got a sorry. But he got a great new gig from the Gillard Government – Climate Commissioner.
Remember how Flannery also managed to help persuade state governments to invest in a string of desalination plants, most since mothballed, after falsely predicting that “even the rain that falls isn’t actually going to fill our dams and our river systems”?
Andrew Bolt writes for the Herald Sun, Daily Telegraph, and The Advertiser and runs Australia’s most-read political blog. On week nights he hosts The Bolt Report on Sky News at 7pm and his Macquarie Radio show at 8pm with Steve Price.