Turnbull Govt stars in new Coal Noir movie?

[Dry Rot]

Coal fired powered stations = Clean Energy?

The Turnbull government is preparing to overhaul the nation’s $10 billion “green bank” by imposing a mandate to allow coal power and appointing new directors, escalating the fight with Labor and the Greens over household electricity bills. The government is increasingly confident of reshaping the Clean Energy Finance Corporation to encourage investments in new coal-fired power stations to boost energy security, amid a political dispute over the reasons for the latest outages in the national grid. Mapping out three ways to achieve its goals, the government is planning to repeal a ban on investments in carbon capture and storage, challenging Labor in parliament to vote in line with its past support for technology that cuts emissions from coal-fired power plants.

The government is also pursuing changes to the mandate it sets for the mammoth fund in order to instruct it to consider investments in “ultra-supercritical” coal power that can cut greenhouse gas emissions by 25 per cent or more. Energy Minister Josh Frydenberg can rewrite the mandate without being blocked by parliament, while he and Finance Minister Mathias Cormann also have the authority to replace five of the seven members of the CEFC board within six months.

The combined changes will set a new direction for the fund, which was set up by Julia Gillard and Greens leader Christine Milne as part of their 2011 carbon tax deal, despite fury from environmental groups about investing taxpayer funds in coal.

http://www.theaustralian.com.au/nat...k/news-story/e58e4dffc2c1efa4886c93b8b1e6d2b4

 

[Gough]

And we're supposed to believe these guys are great at managing the economy? Even if you ignore the environmental issues, this is the like buying a Betamax in 1982.

 

[Boss351]

MTM mk2

 

[Hawk Dork]

Copper for internet and coal for power so much for innovation