Political Tailwinds:
If you cast your mind back to the last federal election, climate change was hot on the agenda and it was feircely debated in the pre-election campaigns. There were buses of climate change advocates travelling the country attempting to deliver their message. This was well received in some areas, and in other towns not so much. In North Queensland for instance, these campaigners where essentially chased out of town. Why? Well if you'd listened to the successful candidates of those seats, they stated that there was so little industry in parts of NQ, including Townesville, that if you took away mining or mining related industry, there would be very little job and economic growth prospects left. People were crying out for jobs and others were trying to take these opportunities away from them. This formed the basis of their entire campaigns at that time. As such, it doesn't suprise me that the TECH project has strong political support and given the context it makes sense to me that they would help to push it through. From an investor point of view this de-risking makes it particularly more attractive, at least while we have the same government.
Note: this is not a political post per se, it is to highlight significant tailwinds for the company as it pertains to investing. I am in no way interested in a politically charged discussion on strawman or otherwise.
