24 September 2025

Albo pitches for more US investment in Australian resources, while Trump calls climate change a con job

| By Chris Johnson
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Donald Trump at the United Nations

Donald Trump at the United Nations: “Climate change – it’s the greatest con job ever perpetrated on the world, in my opinion.” Photo: Screenshot.

Anthony Albanese has urged American business giants to invest more money into Australian manufacturing and capitalise on the nation’s vast supply of mineral resources and renewable energy technology.

The Prime Minister hosted an event at the Macquarie Group’s US headquarters in New York, where he stated that he aimed to add a “new dimension” to Australia’s partnership with the United States.

“American capital and Australian manufacturing are a natural fit,” he said.

“And if we move now, we can make them an unbeatable combination. We can put our investment partnership at the centre of a defining global opportunity.

“The world’s shift to clean energy represents the most significant change since the Industrial Revolution.

“We are looking at ever-increasing global demand for clean energy and the technology that generates and stores it.”

But US President Donald Trump has used his own address to the United Nations General Assembly to dismiss climate change as “the greatest con job” in the world.

READ ALSO Trump snubs Australia’s PM again, this time at the UN

In an almost hour-long speech to world leaders gathered at the UN, Mr Trump trashed the concept of renewable energy, while praising fossil fuels and insisting his country has the most oil and gas of any nation.

The President claimed that solar and wind don’t work as energy resources, that the UN’s talk of climate change consequences is wrong, and that the economics of renewable energy are flawed.

“Climate change – it’s the greatest con job ever perpetrated on the world, in my opinion,” he said.

“All of these predictions made by the United Nations and many others, often for bad reasons, were wrong.

“They were made by stupid people that have cost their countries fortunes and given those same countries no chance for success … We’re getting rid of the falsely named renewables, by the way. They’re a joke. They don’t work. They’re too expensive.”

Describing renewable technologies as “so bad” and “so pathetic”, the President said he has “unleashed” a concerted push to drill for new oil, gas and coal reserves.

Kevin Rudd and Anthony Albanese

Anthony Albanese with US Ambassador Kevin Rudd at the Macquarie Bank investment event in New York. Photo: Anthony Albanese Facebook.

Mr Albanese subsequently told reporters that the President was entitled to his own views on climate change and that he wouldn’t comment on the content of the speech.

“My job is to represent Australia’s national interest,” the Prime Minister said.

“President Trump gave a speech. He’s entitled to give a speech and to put his views.

“I don’t think that they are any views that he hasn’t said before.”

Mr Albanese also revealed that a date has finally been set for a face-to-face meeting with the US President.

An anticipated meeting on the sidelines of the UN this week did not take place, so Mr Albanese will now have to fly to Washington next month for a meeting at the White House on 20 October.

READ ALSO Hear all about Lyons and Trump at the Canberra Writers Festival

Back at the Macquarie Group gathering, the PM was doing his best to talk up Australia’s mineral wealth and natural resources.

US money directed towards Australian resources and manufacturing would be a wise investment, he said.

“If you started with a blank piece of paper and wrote down every asset and resource you would need to thrive in that economic environment, at the end of it, you would hold in your hand a list of Australia’s strengths,” Mr Albanese said.

“We are home to some of the most valuable deposits of critical minerals on earth, just about the whole periodic table, including the light and heavy rare earths essential for high-tech manufacturing and defence, the digital economy, artificial intelligence, data centres and clean energy.

“As the alignment of economic and security interests becomes increasingly important, our government sees this as an opportunity to create a new source of comparative advantage – to make more things in Australia.”

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Tom Worthington3:05 pm 20 Nov 25

The world’s largest battery powered ship, which can carry 2,100 passengers, is being completed in Hobart by Australian company Incat, for service in South America. I suggest the Australian Government borrow the ship as a venue for climate change negotiations. During the Sydney Olympics, Austrade organised “Business Club Australia”, aboard a smaller Incat ship at Sydney’s Darling Harbour. I was a guest onboard and spoke to Robert Clifford AO, Chairman of Incat on the bridge.

I’m sorry but I can’t read this. Trump’s comments are disturbingly ignorant and he talks just like the countless numbers of stupid Bogans that have plagued my life.

ahhhh poor Karl, and yet came to comment anyway

HiddenDragon10:05 pm 24 Sep 25

https://www.abc.net.au/news/2025-09-04/hydrogen-australia-energy-jobs-environment-climate/105677690

https://www.abc.net.au/news/2025-08-22/energy-giant-pulls-out-of-hunter-offshore-wind-farm/105684170

The wheels are well and truly falling off the “renewable energy superpower” mirage, so let’s pivot and pursue a rare earths powerhouse mirage instead.

American capital, just like Chinese capital, will only be interested in buying the minerals from Australia at the best price they can get and then do the value-adding in a much lower cost country.

In much the same way, major Australian companies are voting with their feet and investing far more overseas (particularly in the US) than locally. The Australian government should face up to the reasons for this, and stop misleading the public with latter day gold rush fantasies which hold out the prospect of vast national wealth easily obtained.

Piffle.

Australia has 6.4 Gigawatts of renewable energy projects coming online between 2026 and 2028.

https://www.dcceew.gov.au/about/news/australias-clean-energy-transformation-boosted-by-19-projects

“The Australian government should face up to….” their success in ignoring energy market illiterate commentators and culture warriors.

Capital Retro11:24 am 26 Sep 25

Is that claimed 6.4 Gigawatts before the sun stops shining and/or the wind stops blowing Seano?

It’s like those grand announcements when the government says “this new solar farm (factory) will power 30,000 homes”.

No mention of the “part time” bit.

You’re not understanding how the energy market works is not an argument Capital.

I’d suggest starting here:
https://www.energycouncil.com.au/media/12973/national-electricity-market.pdf

Capital Retro12:55 pm 26 Sep 25

You can tell me Seano. Just confirm/deny what the “part time” bit is.

I have no faith in the energy council or any other people who keep insisting renewables are the cheapest concurrently with the prices for electricity increasing.

I don’t think I am alone in not understanding “how the energy market works” because clearly, it doesn’t work.

” have no faith in the energy council “…so? As a partisan it’s hardly relevant.

But just FYI the Energy Council are the peak body for energy in this country, note the key word there is energy…not renewables or fossil fuels. They’re the actual experts on….and stay with me here….energy…maybe you should listen to more experts and less partisan rhetoric.

‘I don’t think I am alone in not understanding “how the energy market works”’….well kudos for admitting you don’t know what you’re talking about Capital, that’s some progress at least but it begs the question why you comment obsessively on energy from an admitted position of ignorance?

“because clearly, it doesn’t work.”….well it seems to be working, 36% of all our energy is renewable, that number increases daily, I’m not aware of any power outages that haven’t stemmed from adverse events….the power is on here…I can’t speak for alternative universes though.

Capital Retro5:31 pm 26 Sep 25

So we accept that you don’t know if the 6.4 Gigawatts is a gross or a part time amount?

You don’t even understand information in a source you are quoting from, Seano.

I hope you respond because I love it when you stop digging – and then start again.

I understand perfectly that you don’t understand the Australian Energy market…it’s obvious from the nonsensical question you posted….protip capital, 36% of our energy comes from renewable sources and guess what….no outages when the sun goes down.

I’d suggest you start at the link I posted earlier.

Trump spoke with confidence and didn’t confuse my feeble mind with science. It was more about the vibe of it. I didn’t like when daddy called us all bad but I did like the part where he offered us deniability for our choices.
TLDR he doesn’t know about science but he knows A LOT about con jobs. Hmmmmm??

In the 1970s we were warned of the coming Ice Age

Correct. Then they recognised global warming would interrupt the expected cycle.

Interesting Trump made no reference to the science around climate change in his speech. The “con job” is all the hysteria which has followed.

Back in 1989 the United Nations declared that nations would be “wiped off the face of the Earth” if mankind didn’t act by the year 2000.

https://tallahasseereports.com/2019/03/09/a-1989-ap-report-nations-wiped-off-face-of-the-earth-by-2000/

Given their prediction has proven 100% wrong, perhaps it’s worth asking – 36 years later – whether the UN has any credibility left on this issue.

“Trump made no reference to the science around climate change”

Well, obviously. Why shoot himself in both feet?

Given climate scientists are proving 99% right about global warming, I need not ask whether you have any crediblity on the issue. You never did.

Well Axon when the oceans rise and the temperatures soars you will have a valid point. But right now you don’t.

Do you have an ETA on when the climate scientists will be proven right ?

We all hear you Penfold, UN is enemy number 1. Interesting they didn’t receive much mention from you prior to a particular announcement. They must be discredited on climate to prove they are wrong about that other thing.

No Penfold. The UN did not. An individual employee did.

Also, what everyone said 36 years ago almost certainly included at least one mistake, but they don’t think they have no credibility today because of it.

The science is as clear as it could conceivably be that anthropogenic climate change is a threat. Contrary views seem to be mainly from people with a connection to fossil fuel industries. Trump is probably included. But he is so erratic, such a liar, and so often wrong in his statements that he could also be saying this stuff for no apparent reason.

Pick two climate models that agree?

Scribbly by that logic should the UN chief Guterres running around yelling “global boiling” be discounted as “an individual employee” ?

When Trump mentioned con jobs, one suspects that’s a solid example.

The science is clear that a threat exists. The hyperbolic overreaction and the resultant damage to our way of life is the problem. 8 quarters of declining standard of living in a few years, but at least you’re cheering on.

Capital Retro4:07 pm 24 Sep 25

“But he is so erratic, such a liar, and so often wrong in his statements that he could also be saying this stuff for no apparent reason.”

Sounds more like Albo than Trump.

“Do you have an ETA on when the climate scientists will be proven right?”

Yes. They already are. Warming is happening, as predicted.

“The science is clear that a threat exists.”

True. What has that to do with economic impacts of Covid and Russian wars of aggression? You are close to noticing that among the significant price rises are private insurance and government expenditure on disaster relief, owing to more energetic weather systems which are a natural product of climate change.

Agree on what, Henry? Why pick only two when they all agree there is global warming; none disagree.

Yes there is a little warming. But no nations are being wiped off the Earth, crop yields are up as is Antarctic ice, the GBR is fine thank you very much, Warragamba is full. So when will these scientists get anything right ?

Here today’s inflation shocker Axon. Not a Russian in sight. Though energy prices are in sight, up 3%. 9th quarter of decline on the way.

https://www.news.com.au/finance/economy/australian-economy/mortgage-holders-cop-huge-blow-after-inflation-reading/news-story/25662340ccd427ebf727dc05ba59ce13

So here’s some science for you …. huge energy cost increases, record standard of living decreases. The science is settled. Or is it the maths …. either way, climate nirvana = economic pain and nothing else.

You mean trimmed mean inflation, quoted by the Murdoch press, was only 2.6%? Shock! Horror! Bang in the range it is intended!!! What will happen to us all while policy works as it should?

News Ltd is really struggling for a beat-up; as do you.

Your opening drivel reflects no scientific predictions for today whatsoever, because that is not their job. They predict warming, and consequential damage over time. It is happening.

Consistent with my earlier comments, inflation has been declining since 2022-23, after Covid and the invasion of Ukraine by Russia were strong drivers of rises. Energy prices are restrained by addition of renewables as is easily seen by analysis of production costs and the pattern of changes in retail pricing.

Capital Retro8:18 pm 24 Sep 25

You haven’t heard today’s news about inflation Axon.

Yeah, alright but to give the Tallahassee Report some credit, we did take action back in those days and are still taking action now. Hence not being “wiped off the face of the earth…”

Axon given that inflation hit a whopping 7.8% in December 2022 under Albanese and Labor, thank goodness it is falling. But despite Chalmers and Albo claiming it’s under control, clearly it’s not.

The annual inflation rate is now almost 50% higher than 12 months ago, so it’s trending up, not down.

That sneaky Albo energy rebate hid the figures for a while but we’re now back in the real world. Energy prices are fuelling CPI rises, so much for cheaper renewables.

Nice try to blame News Ltd. Perhaps you should read the ABS numbers. Note the graph trendlines in August 2025 pointing upwards. Hint: that’s bad.

Here you go:

https://www.abs.gov.au/media-centre/media-releases/monthly-cpi-indicator-rose-30-annually-august-2025

On the contrary Capital Retro, I quoted it from Penfold’s very own reference.

News Ltd writes: “Fresh Australian Bureau of Statistics figures show the all-important annual trimmed mean inflation was 2.6 per cent to August 2025.” Note “all important”.

You and Penfold are clinging to this: “Headline inflation, which includes volatile items and holiday trends, was 3 per cent” but as News Ltd states directly, it is the trimmed mean which is all important; not volatiles and holiday trends.

You cannot even keep up with your own sources let alone other realities.

Axon – perhaps you should take the time to view the ABS statistics, especially the graph. There’s three key inflation metrics and two of them are increasing. The Annual Trimmed Mean, by definition, is the one which rises and falls more slowly. Or statistically speaking, has the lowest standard deviation. It’s the main one the RBA uses in making interest rate decision, but outside of that the Annual CPI stat is the key one.

Btw electricity prices increased 25% in the latest numbers. How can that be if renewables are cheaper ? 🤣

Thanks for acknowledging the greater significance of the trimmed mean, most pertinent to the RBA. Given the article discussed people being disappointed about a potential decrease in interest rates possibly being deferred, and RBA interest rate decisions are based on the trimmed mean, that is exactly the key statistic. I guess you like fripperies, as you do when confusing weather with climate. I expect that the RBA will be reasonably content so long as inflation is in their target band. That is their job.

Next you are wondering how can a price possibly rise if one component of the total price becomes cheaper. Tough question, eh? Don’t worry, you might work it out one day.

For advanced work, consider how one component becoming cheaper might restrain total price rise otherwise occurring.

Depends on the price changes in all other components doesn’t it.

But the three ABS stats aren’t components, they’re metrics. 🧮

Bzzzt!

My first paragraph addresses inflation. My latter two your incomprehension of electricity pricing.

You appear to have missed that, or else are wilfully avoiding as usual.

Electricity pricing is fairly simple. More renewables, more Albanese, higher prices.

Simple facts since May 2022. Feel free to refute, with facts 🙂

Capital Retro7:35 am 26 Sep 25

Did you ever work in the food industry Axon because you use the words “fresh” and “trimmed” a lot.

I am still considering if your word “sources” was incorrectly spelt.

At the end of the day, prices are still rising so stop trying to defend the indefensible.

Another day, another pile of dribbling from Penfool.

“Electricity pricing is fairly simple”

Well of course it’s “simple” in your group think bubble Penzero.

We’ve already confirmed your inability to deal with anything more complex than correlation equals causation.

Even in your latest attempt, your aren’t knowledgeable enough to understand the impacts of both federal and state energy rebates, whilst wildly flailing around.

Good to see that inflation remains within the policy target band isn’t it.

Well Axon presumably we can take that as confirmation that you can’t dispute that more Albo and renewables means higher power prices. As CR points out, electricity rose close to a whopping 25% in the past six months alone. Here’s the ABS:

“Electricity rose 8.1 per cent this quarter, following a 16.3 per cent rise in the March quarter.”

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release

And every time power prices rise, industry, our economy and out standard of living head downwards.

Penfold, in another thread you provided the independent source confirming renewables are cheaper. Agreed.
However, you still tie yourself in knots through your own incapacity to hold and understand more than one thought at a time, and that is generous to you.

When the price of ice cream rises, why don’t you rush here to say our standard of living must be declining? There is a whole supermarket for you to survey, where practically every price on every shelf is higher than it was a generation ago, and the generation before that and beyond, yet our standard of living is is clearly higher no matter how much fuddy-duddies like yourself and Capital Retro thrash and moan.

Renewables are cheaper. You linked to the fact yourself.

As chewy14 reiterated for you, inflation remains within the target band using the RBA’s preferred trimmed mean.

Well that would be impossible Axon. But out of curiosity do you ever think back 20 years when we had very few renewables yet had almost the cheapest power prices on the planet ? Do you ever wonder why ?

And now, lots of renewables and close to the highest prices on the planet.

The answer is very simple, but you’ll have work it out for yourself …. then again don’t bother. The blocker is called ideology, it inhibits logical thinking 🤔.

“And now, lots of renewables and close to the highest prices on the planet.”…um Penfold, Australia still derives the majority of it’s energy from fossil fuels so if we have “the highest prices on the planet” then that’s down to fossil fuels.

Another classic Penfold self own. lol

“The blocker is called ideology, it inhibits logical thinking 🤔.”

😂😂😂😂

This is most definitely true but you probably should be saying it whilst looking in a mirror seeing as you cant see how silly the rest of your comment is.

Although because you’re so keen on “logical thinking”, you should understand the questionable cause fallacy right?

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