Tectonic shifts: Macquarie CEO warns coal industry will ‘run off’

was “dead” which prompted rebukes from Prime Minister Scott Morrison and Treasurer Josh Frydenberg.

“We are accepting the coal industry is running off. It’s very profitable at the moment but it is going to run off,” she said. “So the people of Newcastle, we the people of Australia, need new industry. We need reskilling for jobs.”plans to reduce this to zero by 2024, joining a growing number of financial institutions closing the door on coal.

Fossil fuels still make up 80 per cent of global energy consumption and Wikramanayake said it was unrealistic for this to change overnight. She said renewables would continue to grow market share but the transition must be done carefully and with respect for all affected communities.

We need a referendum to remove this two party system and preference votes they are no longer relevant now or in the future will you support such actions for the people of Australia

Maybe get rid of the banks!

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