Files prepared for the 2012 state Budget Review Committee show climate change company was slated for sell-off despite notes showing it was "profitable" and "cash-flow positive".
Queensland’s former Newman Government sold off a profitable, state-owned business which tackled climate change, according to a news outlet.
Ecofund Queensland was a carbon-offsetting company, which cabinet documents, obtained by the ABC, show was a profitable business whose revenue was set to double.
The Newman government sold the company for $250 thousand dollars despite being told it would make a profit of $40 million dollars over the next two years.
Indigenous leaders will hand over the blueprints for the Redfern Statement to Prime Minister Malcolm Turnbull later today. (Image: Pixabay)
The Redfern Statement is currently backed by 50 different organisations and was released last year during the Federal Election as an “urgent call for a more just approach to Aboriginal and Torres Strait Islander Affairs.”
The 18-page manifesto will propose multiple changes across relevant areas including health, education, justice and family violence, with an emphasis on policies being made with communities rather than to communities.
A Queensland scientist has been instrumental in the discovery of a ‘middleweight’ black hole, in what is being described as the missing link between the small and supermassive variants. (Image Source: Wikimedia).
University of Queensland Associate Professor Holger Baugardt said the discovery was made by using computer simulations, and will now assist in understanding how galaxies have formed and evolved.
The black hole, which was discovered in a 12 billion year old star cluster, proves there is a middle ground between small and supermassive black holes, weighing a few times and millions of times the sun’s mass respectively.