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Tony Abbott has been warned he is putting international investment at risk after ordering the $10 billion Clean Energy Finance Corporation not to finance new wind power projects
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Topic: Tony Abbott has been warned he is putting international investment at risk after ordering the $10 billion Clean Energy Finance Corporation not to finance new wind power projects (Read 558 times)
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Dexter
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Tony Abbott has been warned he is putting international investment at risk after ordering the $10 billion Clean Energy Finance Corporation not to finance new wind power projects
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on:
July 12, 2015, 02:21:19 pm »
http://www.smh.com.au/federal-politics/political-news/tony-abbott-has-escalated-his-war-on-wind-power-20150711-gia3xi.html
Tony Abbott has dramatically escalated his war on wind power, creating a new cabinet split and provoking a warning he is putting international investment at risk. Fairfax Media can reveal the government has ordered the $10 billion Clean Energy Finance Corporation not to make any new investments in wind power projects. Treasurer Joe Hockey and Finance Minister Mathias Cormann​ have issued the so-called green bank with a directive to change its investment mandate, prohibiting new wind funding. It's understood the directive was issued without the approval or knowledge of Environment Minister Greg Hunt, angering the minister. The decision is another blow for the multibillion-dollar wind industry, which has just started to recover from the uncertainty created by the government's Renewable Energy Target review. Analysts say $8.7 billion is expected to be invested in wind power in the next five years, while the corporation has invested about $300 million in wind projects to date.
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Fishrrman
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Re: Tony Abbott has been warned he is putting international investment at risk after ordering the $10 billion Clean Energy Finance Corporation not to finance new wind power projects
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Reply #1 on:
July 13, 2015, 12:26:43 am »
Good move, Mr. Abbott.
Now, don't go wobbly on us.
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Oceander
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Re: Tony Abbott has been warned he is putting international investment at risk after ordering the $10 billion Clean Energy Finance Corporation not to finance new wind power projects
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July 14, 2015, 03:13:18 am »
Was that a blow job, or did somebody just suck all the oxygen out of the room?
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Tony Abbott has been warned he is putting international investment at risk after ordering the $10 billion Clean Energy Finance Corporation not to finance new wind power projects