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Australia: Filling the Green trough for the long drought ahead

May 29, 2013

The doomed Gillard Labor Government plans a going-away present for its most persistent parasites:

THE Clean Energy Finance Corporation is planning to write up to $800 million in green loans before the election, defying the Coalition’s call for the agency not to sign contracts before September 14 because Tony Abbott has vowed to scrap it.

The CEFC has revealed it is in “active discussions” with 50 projects seeking $2 billion and that an additional 119 project proponents have presented proposals that are seeking finance worth $3.3bn. The figures are contained in an email from the CEFC to the opposition pleading its case not to be scrapped if the Coalition wins the election.

The Australian.

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