Thread: The arbiture judge jury and executioner

What’s an arbiture

Originally Posted by biggin

What’s an arbiture

Definition of arbiter

1 : a person with power to decide a dispute : judge The mayor will act as the final arbiter in any dispute between board members.

2 : a person or agency whose judgment or opinion is considered authoritative arbiters of taste




I'll leave that for you to judge

I see

Maybe banks should be more concerned about looking after their customers and shareholders financial interests.
Also, police forces in any true democracy shouldn’t be in the pocket of any political leader. So, no, they’re not doing a great job. In fact, they’re a bloody disgrace.

Company directors are required by law to act in the best interests of their shareholders. Coal mines are predicted to become stranded assets and bad investments as countries move away from coal. If a company director knew that, but financed an investment anyway which then became stranded, they could be liable to be found negligent.

Originally Posted by DiscoMick

Company directors are required by law to act in the best interests of their shareholders. Coal mines are predicted to become stranded assets and bad investments as countries move away from coal. If a company director knew that, but financed an investment anyway which then became stranded, they could be liable to be found negligent.

This one is costing us taxpayers about 4 millions per month and perhaps 250 million to fix the stuff up plus. In this case the bigger company offloaded the dud asset to others who liquidated themselves to avoid paying to fix it up leaving the bill and mess for us. The real chuckle, if you can laugh, is Woodside is likely to make a lot of money from the cheap sale of the mess to the now dead buyers They are very smart or we are very dumb? Both could be true. Woodside directors acted in the best interest of shareholders dumping the dud assets and now making money to fix it up.

Update on the safety of the Northern Endeavour | Ministers for the Department of Industry, Science, Energy and Resources

Northern Endeavour Temporary Operations Program to ensure the continued safety and security of the Northern Endeavour floating production storage and offtake (FPSO) vessel following liquidation of the Northern Oil and Gas Australia (NOGA) group of companies.

I'm puzzled about that picture - the post is talking about a floating production and storage offshore facility. That picture is of a jackup exploration drilling unit, that is not floating and clearly has no storage facility, and is also clearly involved in drilling, not production. Is it simply the wrong picture? Or is the whole article equally careless with the facts?

Originally Posted by JDNSW

I'm puzzled about that picture - the post is talking about a floating production and storage offshore facility. That picture is of a jackup exploration drilling unit, that is not floating and clearly has no storage facility, and is also clearly involved in drilling, not production. Is it simply the wrong picture? Or is the whole article equally careless with the facts?

Careless as was I sorry. This may be Northern Endeavour. UPS given contract for Northern Endeavour at taxpayer expense - Energy News Bulletin