Thursday, December 15, 2011
Friday, November 11, 2011
Saturday, July 23, 2011
Carbon Tax
On Sunday, July 10, 2011 the Gillard Government announced publicly that the 500 largest polluters in Australia would be taxed at $23/tonne of carbon emission, effective from July 1, 2012.
Who are the big "victim" under the new tax and regulation. thetelegraph.com.au has list out 50 top emitters in Australia. For example, Macquarie generation is the state owned power plant, has to pay $538 million for emits 23 million tonnes carbon per year from the generation of electricity power. Year 2010 the company revenue is $1,157 million and net profit is $196.5 million. The figure shows the company will significant loss in the following year. The question is does it be cost transferred to consumer.
Top 50 emitters in Australia - carbon emissions (tonnes) and carbon cost
Macquarie Generation - 23,408,791 $538,402,193
Great Energy Alliance - 19,797,636 $455,345,628
International Power - 17,247,970 $396,703,310
CS Energy - 16,824,919 $386,973,137
Tru Energy - 15,612,214 $359,080,922
Delta Electricity West - 12,324,323 $283,459,426
Eraring (Origin) - 12,067,677 $277,556,571
BlueScope Steel - 10,791,351 $248,201,073
Loy Yang Holdings - 10,186,782 $234,295,986
OzGen Holdings - 10,173,421 $233,988,683
Verve - 8,418,390 $193,622,970
Woodside Petroleum - 8,391,652 $193,007,996
Tarong - 8,230,839 $189,309,297
Delta Electricity - 8,128,790 $186,962,173
Alinta Energy - 7,863,143 $180,852,289
Rio Tinto - 7,701,301 $177,129,923
Stanwell - 7,445,704 $171,251,192
NRG Vic - 7,034,972 $161,804,356
Alcoa Australia - 6,757,567 $155,424,041
AZSA Holdings - 6,117,764 $140,708,572
BHP Billiton - 5,150,942 $118,471,666
Anglo American - 4,059,269 $93,363,187
Qantas - 3,956,061 $90,989,403
Queensland Alumina - 3,556,459 $81,798,557
Adelaide Brighton - 3,095,806 $71,203,538
Cement Aust - 2,774,673 $63,817,479
Xstrata 2,692,486 $61,927,178
OneSteel 2,583,496 $59,420,408
Exxon 2,578,735 $59,310,905
Peabody Energy 2,575,759 $59,242,457
HRL Limited 2,474,092 $56,904,116
Boral 2,328,307 $53,551,061
Orica 2,113,590 $48,612,570
Transfield Worley Power 2,052,048 $47,197,104
Alcan Gove 1,987,588 $45,714,524
Centential coal 1,985,142 $45,658,266
Origin Energy Limited 1,873,394 $43,088,062
Caltex 1,817,628 $41,805,444
Virgin Blue 1,730,209 $39,794,807
Conoco 1,574,820 $36,220,860
Burrup Fertiliser 1,538,899 $35,394,677
BP Regional 1,472,407 $33,865,361
Shell Australia 1,442,496 $33,177,408
AGL 1,435,808 $33,023,584
Queensland Nickel 1,248,685 $28,719,755
Rio Doce 1,235,783 $28,423,009
Energy Developments 1,045,811 $24,053,653
Asciano 1,023,720 $23,545,560
Incitec 987,302 $22,707,946
Pechiney 983,247 $22,614,681
Qenos 839,465 $19,307,695
On other side, GE Energy report said the main contributor of greenhouse gas emissions are associated gas flaring from oil and gas industry. What is associated gas flaring? In oil exploration and production, associated is hydrocarbon gas from the well. When extracting the crude oil from the well, this associated gas will flow together with oil. However some of the gas will utilized for power generation and heating. The rest of gas will be flared if there is no export gas or injection gas facilities available. The gas is burnt without generating any utilities power. Why the gas must be flared? It is due to safety issue. When unburnt hydrocarbon gas release to atmospheric will threaten the workers.
The company shall use most energy efficiency machine or technology to reduce the greenhouse gas emission. They should more environmental responsible.
Saturday, July 2, 2011
Monday, June 7, 2010
Sunday, March 14, 2010
Accumulator (Structured product)
Accumulator is financial derivative product. Last financial crisis, Hong Kong folks dubbed this pain investment as "I kill you later". How does it work...
Basic idea is an issuer (banker/broker) sells accumulator contract to buyer (investor) for a underlaying stock at a predetermined fixed price (strike price), settled periodically. this allows the investor "accumulate" the underlaying stock over the term period of contract.
Example:
An investor agreed to "accumulate" 100 shares a month at fixed price of $80/share for one year contract. Below diagram illustrated for scenarios of underlaying stock go up and down.
Bear in mind, all investment products have its risk.
Friday, June 12, 2009
Sunday, May 24, 2009
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