Now we know for sure: money doesn't grow on trees. As foreshadowed last week, the receivers moved in yesterday to try to sort out the mess that is Great Southern. The company's debt stands at $826 million. The environmental costs to us all are probably incalculable. And another 240,000 hectares of Blue Gum plantation ends up . . . going nowhere?
UPDATE: Here's a Kangaroo Island perspective. And then there's this prescient Stateline KI report from 2006. No doubt there will be a lot more fallout nation-wide. But, in the confined spaces of KI, the long-term loss of good farm country and the sorry tale of such schemes are starkly revealed.
1 comment:
Nice post.
Those links were very informative. All those trees on KI and no port from which to export the final product. It just proves that they were only ever interested in the up-front tax deductions.
What a stupid rort.
Cheers
Denis
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