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Barack Obama Highlights Climate Change In Speech At University Of Queensland

Ahead of the G20 meeting, President Barack Obama has placed climate change at the centre of a speech to students at the University of Queensland.

Obama

Obama told the gathering that no region had more at stake than the Asia-Pacific. He said climate change was causing more wildfires, flooding, extreme storms and rising seas. “The incredible natural glory of the Great Barrier Reef is threatened,” he said.

Obama pledges $3 billion to the Green Climate Fund to assist developing countries. “Let them leap frog some of the dirty industries that powered our development, go straight to a clean-energy economy that allows them to grow, create jobs and at the same time reduce their carbon pollution,” he said. [Read more…]


Tony Abbott’s Remarks At G20 Leaders’ Retreat

Prime Minister Tony Abbott has welcomed world leaders to the G20 meeting in Brisbane.

AbbottSpeaking in the former Legislative Council chamber of the Queensland Parliament, Abbott said: “This room symbolises the limitations on our power.”

Abbott emphasised the importance of economic reform. He told the gathering his government had repealed the carbon tax, stopped the “illegal boats”, started building roads and getting the Budget under control. [Read more…]


We Shirtfront The Tsar; Abbott Says He Will Confront Putin Over MH17 At G20

Prime Minister Tony Abbott says he will “shirtfront” Russian President Vladimir Putin over the shooting of Malaysian Airlines Flight MH17.

Abbott

Abbott made his comments at a media conference at Caval Ridge Mine in the Queensland electorate of Capricornia, held by Michelle Landry. He defended and praised the coal mining industry. [Read more…]


G20 Finance Ministers And Central Bank Governors Meeting Concludes In Cairns

The meeting of G20 Finance Ministers and Central Bank Governors has broken up in Cairns and Treasurer Joe Hockey says progress has been made on the group’s aim to lift global economic growth by 2% of the next five years.

Hockey

Hockey said: “The IMF and OECD have looked at over 900 measures put forward by countries – of which 700 are new – and estimate our efforts could lift global GDP by 1.8 per cent through to 2018. Their analysis has been released. We are 90 per cent of the way there to meet our 2 per cent goal.” [Read more…]


Abbott Calls For Independent Investigation Of MH17; Foreign Minister Off To UN To Co-Ordinate Campaign

The Prime Minister, Tony Abbott, has dispatched the Foreign Minister, Julie Bishop, to the United Nations to co-ordinate Australia’s demand for a full and fearless investigation into the shooting down of Malaysian Airlines flight MH17.

Abbott

Speaking at a press conference, Abbott and Bishop said a binding United Nations Security Council resolution was needed to ensure that an independent and impartial investigation takes place.

Abbott said a proper investigation “is a matter of the utmost gravity for us and others”. He said 298 innocent people have been killed, “people who had no part in the conflict in Europe but whose lives were snuffed out”. [Read more…]


Shorten: A Pall Of Shock Hangs Across The Australian Nation

The Leader of the Opposition, Bill Shorten, has given support to the government and called for an independent investigation of the attack on Malaysia Airlines flight MH17.

Shorten

Speaking at a press conference in Melbourne, Shorten describing the shooting down of the plane as an “act of devastating evil and shocking beyond comprehension”. He said a “pall of shock hangs across the Australian nation” as it attempts to comprehend something “alien to our experience”. [Read more…]


G20 Finance Ministers Commit To 2% GDP Growth Target

The G20 Finance Ministers have committed to a collective growth rate of 2% above the current trajectory over the next five years.

Hockey

Speaking after the meeting of Finance Ministers and Central Bank Governors in Sydney, Treasurer Joe Hockey said: “Realistically, these policies could mean an extra US$2 trillion in global economic activity and tens of millions of additional jobs.” [Read more…]


Joe Hockey Speech To Lowy Institute: “The Age Of Personal And Corporate Responsibility Has Begun”

Federal Treasurer Joe Hockey has delivered a speech in which he says the age of personal and corporate responsibility has begun.

Hockey

Addressing the Lowy Institute in Sydney, Hockey said: “Individuals must do more for themselves, they must become more self-reliant. And the business sector must shoulder more of the burden. It must restore corporate accountability, and rely less on government assistance. It must stand on its own feet, and it must pay its fair share of tax.” [Read more…]


Abbott Arrives In Davos For World Economic Forum

Prime Minister Tony Abbott has arrived in Davos, Switzerland, for the annual meeting of the World Economic Forum.

Abbott

Founded in 1971, the WEF is a Swiss non-profit foundation, based in Geneva. On its website, the organisation says: “The World Economic Forum is a membership organization. Our Members comprise 1,000 of the world’s top corporations, global enterprises usually with more than US$ 5 billion in turnover.” [Read more…]


Gillard-Swan Open Letter To G20 Leaders

This is the text of an open letter from Prime Minister Julia Gillard and Treasurer Wayne Swan to G20 leaders.

The G20 met at the Los Cabos resort in Mexico. Various reports suggest the letter was not well received by other leaders.

The G20 is the “Group of Twenty Finance Minister and Central Bank Governors” from 19 countries plus the European Union. The countries are: United States, Canada, Australia, Saudi Arabia, India, Russia, South Africa, Turkey, Argentina, Brazil, Mexico, France, Germany, Italy, United Kingdom, China, Indonesia, Japan and South Korea.

Dear colleagues,

The G20 Los Cabos Summit comes at a challenging time. Risks in Europe have intensified significantly in recent weeks.

Increasing concerns over Greece and the stability of the Spanish banking sector are adversely affecting global financial markets and moving us quickly into crisis management mode. [Read more…]