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Peak oil warning signs as IEA and US DoE release strategic reserves

In a further clear warning about peak oil, the International Energy Agency and US Department of Energy have agreed to release 60 million barrels of oil from strategic reserves in order to dampen immediate oil price crises.

Meanwhile, although the Senate last night passed the bill reforming the Fringe Benefits Tax Concession for motor vehicles, a reform driven over many years by the Greens, Australia continues to subsidise oil for transport to the tune of billions of dollars a year.

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Fringe Benefits Tax reform would be a $1 billion victory for common sense

Reports in this morning's media suggest that the Greens' long campaign to remove the incentive to drive more in the fringe benefits tax concession will finally be included in next week's federal budget.

Treasury costings, undertaken at the request of the Greens, show almost $1 billion in revenue would be restored over the forward estimates if the Australian Greens' proposal to introduce a flat rate fringe benefits tax concession for company cars, regardless of kilometres travelled, is adopted.

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IEA's peak oil warning a message to Wayne Swan: scrap oil subsidies in May Budget

The International Energy Agency's latest warning that the age of cheap, easily accessible oil is over is yet another reason for Wayne Swan to remove the fringe benefits tax concession that encourages people to drive more in the upcoming Budget, the Australian Greens said today.

"In a tight budget where the government is looking to make big cuts, the expensive and perverse subsidies that encourage the use of oil should be top of the list to be scrapped," Australian Greens Acting Leader, Senator Christine Milne, said.

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More excuses on peak oil - now it is time to act

It is well past time for the Australian government to start planning for peak oil, instead of making excuses for voting down motions, the Australian Greens said today.

"It is not good enough for the government to say that it is going to have a report on liquid fuel security by 2012 as an excuse for voting down this motion," said Australian Greens Deputy Leader, Senator Christine Milne.

"In 2006, the Senate made a number of recommendations, including for a national strategy to address peak oil and neither the govt nor the coalition have done anything.

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National freight strategy vital but climate and peak oil absent

The Australian Greens today welcomed Infrastructure Australia's first steps towards a coordinated national approach to freight planning, but called for a major shift in focus to take account of climate change and peak oil.

"Now that we are finally starting a process of coordinated national freight planning, surely that work has to focus on climate change and peak oil, with proper planning for a more efficient, low emissions future," Australian Greens Deputy Leader, Senator Christine Milne, said.

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Christine Milne wins Honourable Mention in Australian Bicycling Achievement Awards

Australian Greens Deputy Leader, Senator Christine Milne, has been awarded an Honourable Mention in the Australian Bicycling Achievement Awards in the Award for Contribution towards Cycling by a Politician.

The award recognises Senator Milne and the Greens' success in negotiating the $40 million National Bike Paths Fund during negotiations for the federal stimulus package - the largest ever direct federal investment in cycling.

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Peak oil plan needed to avoid default to coal

The Government and Opposition today voted against a Greens motion calling on the Government to plan for peak oil in the light of the most recent global figures showing that a shift from oil power to coal power is increasing global greenhouse emissions.

"The global financial crisis drove manufacturing from the developed world into the developing world, thereby replacing oil with coal and increasing greenhouse emissions," Australian Greens Deputy Leader, Senator Christine Milne said.

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A Different World - Speech to the National Press Club

Thank you for your warm welcome. I begin by acknowledging the Ngunnawal people, the traditional owners of the land.

Gandhi once said, "The difference between what we do and what we are capable of doing would suffice to solve most of the world's problems."

We have reached a point in human history where 'what we do' on this planet imperils our survival. Now is the moment to re-imagine and reconsider 'what we are capable of doing'.

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