The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

The Australian businessman tasked with making American manufacturing great for Donald Trump has broken with the President on climate policy

Andrew Liveris adamant US will revisit Paris climate deal,, 22 July 17 JAMIE WALKER, Associate Editor, Brisbane, @Jamie_WalkerOz

The Australian businessman tasked with making American manufacturing great for Donald Trump has broken with the President on climate policy, saying the US must re-engage with the Paris agreement.

And in a provocative address in Brisbane, Dow Chemical boss ­Andrew Liveris revealed that ­spiralling domestic gas prices had forced the multinational firm to review its Australian operations.

As the head of Mr Trump’s manufacturing council, Darwin-raised Mr Liveris is working with the embattled administration to deliver a key election promise to revitalise US manufacturing, while engineering one of the ­biggest corporate mergers in ­history between Dow Chemical and DuPont.

Warning that environmental sustainability was “no longer an initiative, it’s a business model”, Mr Liveris said Mr Trump’s decision to pull the US out of the Paris accord should not halt international co-operation on greenhouse gas mitigation. “We cannot as citizens of the world let that move impede our collective progress and our determination to ­remove carbon from the atmosphere,” he said, to applause from the crowd of 1500 that turned out for the UQ ChangeMakers forum, put on by his alma mater the University of Queensland and supported by The Weekend Australian.

“Many businesses in the US, NGOs and states have re-upped and picked up the commitment of what’s become the slack left behind by the federal government.

“I believe the US will re-engage ultimately with Paris and I am certainly being part of the solution to make that happen.” But he distanced himself from Mr Trump’s handling of the issue, saying it was “very unfortunate” the President had said the US was withdrawing from the 2015 Paris agreement, when the aim was to “redefine its engagement”. Under the UN-backed accord, Australia is committed to reduce greenhouse emissions by 26-28 per cent on 2005 levels by 2030. Mr Liveris said: “They are actually not withdrawing, they just want to re-­engage on different terms. So if you think about it that way, I would say the odds would be very high of a re-engagement.”

Mr Liveris was one of the first business leaders to warn of the “gas cliff” that has deepened eastern Australia’s energy crisis, prompting intervention by the federal government to limit LNG exports and boost domestic gas supplies. He said yesterday that the gas price paid by Dow Chemical in Australia had rocketed from “roughly five or six dollars” to $20 in less than a year, jeopardising the business. “So my leader of Australia-Pacific … he’s got a proposal in front of us to look at exiting Australia right now in terms of uncompetitive energy prices.

We are not alone. We … can see the future in terms of the ­trajectory … you need to fix supply and you have got to basically recalibrate demand so that 90 per cent of the gas isn’t ­exported.”

Backing the controversial Finkel report to the government on energy security, Mr Liveris said it offered a “great series of policy ­solutions” and business would ­accept a target for renewables. The country, however, needed “policies that outlive” the government concerned. “What I would say is give me a policy that has a renewable target, give me time to develop it and I will develop a partnership model with you, in an innovation hub … to develop the technologies over time,” he said.


July 22, 2017 - Posted by | general

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: