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AUSTRALIA’S richest woman, Gina Rinehart, is warning that rushing to reduce greenhouse emissions without proper costings could imperil family farmers and cost taxpayers “billions in subsidies”. The mining and pastoral tycoon has outlined her particular concern that family farmers who have endured years of drought, bushfires and Covid-19 do not have spare cash, so cannot afford to invest to change to renewable energy. Mrs Rinehart said costings should be the first priority and urged the Federal Government to “stand firm” until these had been properly assessed and made public.

A 7.5 per cent lift in resources exports underpinned a 5 per cent monthly increase in the value of goods and services exports to $46bn, Australian Bureau of Statistics data showed. Rural exports also continued their strong run, lifting by 6 per cent in the month just shy of $5bn – 72 per cent higher than a year earlier. Wool sales jumped 12 per cent to $405m – more than double July 2020 sales – while meat exports lifted 8 per cent in July to $1.3bn, 26 per cent higher than a year earlier. Cereal and grains exports eased 2.4 per cent in the month, but at $1.2bn was up 230 per cent on an annual basis.

After a poorer-than-expected result at the London 2012 Olympics and negative press around the team, many sponsors withdrew funding to Swimming Australia, which had until that time helped athletes out with personal expenses funding, Campbell says. At that point Rinehart, long a backer of swimming in WA, offered funding. “Gina Rinehart stepped in. She made funds available that went directly to athletes. This allowed many athletes – myself included – to see that there was a future career in swimming for us. I’m not sure where a lot of swimming careers would have ended up if there hadn’t been this injection of funds.”

Rowan Dean Commentary courtesy of Sky News. https://www.youtube.com/watch?v=uIwfBtsgVsE

Mrs Rinehart with new Olympic stamp, celebrating the girls swimming relay team gold.  

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