While you can’t put a price on the people, animals and ecosystems lost during Australia’s current bushfire crisis, we can assume that recovery costs will reach well into the tens of billions.
The world has responded with an outpouring of donations, support and relief efforts, with several notable individuals and businesses leading the charge and gaining much publicity along the way. Good on them.
But is that the full picture?
Crikey runs the ruler over who is giving what, how much they’re worth (and how they made their money), and how they’re contributing to the climate crisis.
Andrew ‘Twiggy’ Forrest
Donated: $10 million to Red Cross/Salvation Army; $10 million for a volunteer relief army of miners and agriculture workers; and $50 million for a “fire fund” resilience blueprint (with a goal to raise upwards of $500 million for the “non-political” scheme). The caveat: arsonists did more than global heating to create the fires, right?
Net worth: $12.7 billion (source: Forbes, Jan 2020).
Notable contributions: The chairman and former CEO of Fortescue Metals, Twiggy campaigned strongly against the mining tax. After overseeing $9.1 billion in sales across 2014-15, for a taxable income of $208 million he paid just $13.2 million. He also made news last year for losing a Federal Court appeal over a Pilbara native title fight.
Anthony Pratt
Donated: $1 million via the Pratt Foundation.
Net worth: $11.1 billion (source: Forbes, Jan 2020).
Notable contributions: While the packaging and recycling baron has campaigned on climate change for well over a decade, Pratt has also done what he can to campaign for his good friend and noted wrecker of climate policy Donald Trump.
Gina Rinehart
Donated: That’s not for us to know (but trust her, she’s done it).
Net worth: $22.5 billion (source: Forbes, Jan 2020).
Notable contributions: Campaigned against mining and carbon taxes; gave denialist think-tank the Institute of Public Affairs $4.5 million between 2016 and 2017; came out last week to dismiss climate change and blame “true causes” of the fires (i.e. dam restrictions).
Clive Palmer
Donated: A helicopter, a pilot, and large sea vessels.
Net worth: $2.6 billion (source: Forbes, Jan 2020).
Notable contributions: Helped repeal the carbon price; spent $60 million on a pro-United Australia Party, anti-Labor advertising ahead of the 2019 election.
Jeff Bezos
Donated: $1 million and technical support from Amazon.
Net worth: $168.7 billion (source: Forbes, Jan 2020).
Notable contributions: Amazon has previously partnered with BP to migrate the petroleum company’s digital enterprise to “the cloud”, a move that both helps to accelerate oil production and, according to Amazon’s PR, “helps fight climate change”. Meanwhile, Amazon Australia managed to pay just $20 million tax on over $1 billion in revenue in 2018.
BHP
Donated: $2 million to the Red Cross; special leave for employee firefighter volunteers; $30,000 to Mallacoota relief; and $2 donation for every $1 donated by employees to Red Cross, RFS, SA Fire, WIRES and RSPCA.
Net worth: $198.9 billion (source: YCharts, Jan 9 2020).
Notable contributions: BHP is the world’s largest mining company and, in the words of Bob Carr, something of a “paradox” on climate action. Chief executive Andrew Mackenzie has pledged to decarbonise by mid-century, and BHP has been an outlier in publicly calling for a carbon price since at least 2011. However, the company “welcomed” the repeal of Gillard’s scheme, supports the Kyoto “credit cheat”, and produces millions of tonnes of C02 equivalent every year.
News Corp
Donated: A day’s worth of Australian metro sales and advertising revenue (an aim of $1 million) along with $5 million direct; $2 million from Jerry and Rupert Murdoch.
Net worth: $10.5 billion (source: Forbes, May 2019). Rupert Murdoch and family: $28.4 billion (source: Forbes, January 2020).
Notable contributions: I mean, where do you start? Normalisation of global climate denialism and disinformation; tax avoidance; fear-mongering over carbon price/Labor’s energy policy/any meaningful action; Tony Abbott.
The Big Four banks
Donated: NAB: $5 million; Westpac: $1.5 million and a mortgage relief package; ANZ: $1.5 million; CBA: $11.2 million (including bushfire recovery grants, a Red Cross donation, and just over $1 million for Shane Warne’s baggy green).
Net worth: NAB: $73.3 billion; Westpac: $95.4 billion; ANZ: $78 billion; CBA: $134.1 billion (source: Forbes, May 2019).
Notable contributions: All four have paid lip service to decreasing fossil fuel exposure; in large part, they have failed.
Adani
Donated: A nice tweet wishing everyone in Australia a safe and happy new year.
Net worth: Gautam Adani: $22.7 billion (source: Forbes, August 2019).
Notable contributions: Adani’s attempt to open the largest coal mine in the southern hemisphere has helped poison Australia politics for a decade now.
ExxonMobil, Chevron, and Rio Tinto
Donated: ExxonMobil: $4 million and support vessels; Chevron and Rio Tinto: $1 million each.
Net worth: ExxonMobil: $496.5 billion; Chevron: $330 billion; Rio Tinto: $144.5 billion (source: Forbes, May 2020).
Notable contributions: Carbon emissions. Exxon’s attempts to discredit climate science dates back to the 1970s and are so extensive they have their own Wikipedia page. Chevron has lobbied against climate action and has been accused of deliberately mismanaging a carbon capture project for which taxpayers paid them $60 million, while Rio has tut-tutted lobby groups without exiting them.
Business groups
Donated: The Business Council has called on members to donate and/or offer paid leave to volunteers; the Mineral Council’s secretariat has donated $20,000 to the Red Cross and published a list of member donations here.
Notable contributions: Both pay lip service to climate action while actively campaigning against meaningful carbon and mining taxes, including, in 2017, the WA Nationals’ mining tax. Recently, they both embarrassed themselves by publicly supporting the Coalition’s carryover credit cheat.
How much longer can they afford to throw petrol on this bonfire – and hand out wet towels – before it consumes them as well?
Hypocrisy doesn’t come cheaply for some.
The way I read Twiggy’s foundation’s website, the $10 million for volunteers, would be for his own volunteers to be deployed where he sees fit. A rich person’s property is in danger, so are 20 poorer people’s houses – which one will Twiggy’s Team protect?
Taking Pratt’s donation as an example, he (or more correctly his foundation) has donated one ten thousandth (1/10,000) of his wealth.
I doubt many Australians have a nett worth of $1,000,000 (the size of his donation). 1/10,000 of that would be a donation of $100. I, and I’m sure many other Australians have donated, far more than this. It just shows the extraordinary wealth of these people, where someone can donate $1,000,000 and it hardly touches their nett wealth.
Did most of them get that wealthy by “have a go and get a go” and had a much bigger go ? Time for an Estate Tax IMO.
There is a need to stop lumping all miners in with thermal coal producers. The mining of other commodities, iron ore, cooper, zinc, lithium, rare earths etc etc. will continue well into the future unabated if we wish to live the lives we lead. At the moment there is no distinction drawn between coal miners and the rest which is contributing greatly to the anxiety and resentment from the rest of the industry.
You can’t throw the baby out with the bath water but that is the impression the industry has at the moment.
Equally there are those that would hide behind the rest of the mining industry in order to defend coal.