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Tag: australia
Australia lobbies Unesco stop it from listing Great Barrier Reef as 'in danger'
2015-05-14 23:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The Australian government is undertaking frantic diplomatic efforts to avoid the Great Barrier Reef being listed as in danger by the UN, amid rising international concern over the opening up of a vast region in the state of Queensland for gigantic new coal mines. A draft decision on the reefs status is expected to be delivered by the end of this month ahead of a meeting of Unescos world heritage committee in Bonn, Germany in June. Unesco has already expressed its concern over erosion of the...
Macquarie to buy Crown Castle Australia for AUD 2 bln
2015-05-14 14:25:00| Telecompaper Headlines
(Telecompaper) Mobile towers operator Crown Castle announced an agreement to sell its Australian subsidiary to a consortium of investors led by Macquarie Infrastructure and Real Assets for AUD 2.0 billion in cash (USD 1.6 billion). Crown Castle will use the estimated net proceeds of USD 1.3 billion to finance its previously announced acquisition of Sunesys and paying down debt. US-based Crown Castle announced in February it was considering the sale of the Australian subsidiary CCAL, in which it owns 77.6 percent. CCAL is the largest independent tower operator in Australia with around 1,800 sites under management. It entered the Australian market in 2000, acquiring towers first from Optus and later from Vodafone and Hutchison, and also serves the NBN Co and emergency networks. The Australian company contributes around 4-5 percent of Crown Castle's estimated annual EBITDA. Macquarie is an Australia-based financial services company with investments in infrastructure throughout the world.
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Australia budget taxes backpackers
2015-05-13 10:07:36| BBC News | Business | UK Edition
Budget changes to Australia's working holiday rules are not as bad as they seem but risk scaring away backpackers, say experts.
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australia budget
Australia forecasts A$35.1bn deficit
2015-05-12 13:35:46| BBC News | Business | UK Edition
Australia's budget deficit for the 2015-16 financial year is estimated to reach A$35.1bn, below expectations of about A$41bn.
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deficit
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australia forecasts
Australia: Renewable energy target still in limbo after Labor rejects biennial reviews
2015-05-12 05:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The future of the renewable energy target (RET) remains in limbo, after Labor announced it would not support a deal while the government insisted on implementing biennial reviews. On Friday Labor endorsed in principle a reduced target of 33,000 gigawatts an hour (GWh), paving the way for a bipartisan agreement. But on Tuesday its environment spokesman, Mark Butler, said the inclusion of a two-yearly review of the RET would stifle investment and industry certainty. Unless the government...
Tags: reviews
australia
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