Australian PM Cancels Subsidies for New Windfarm ProjectsPosted: July 13, 2015
The billion dollar wind industry should learn to stand on its own two feet and not raise electricity prices to enable it to compete with cheap, reliable, efficient fossil fuels.
Australia’s once cheap energy was its greatest competitive asset. Now with Carbon taxes, green energy RET and green subsidies, manufacturing and other energy intensive industries have moved offshore.
Time to wind back the rent-seeking green (unreliable) energy scam.
Well done Tony Abbot and the conservative Australian Govt – genuinely looking out for Australian job and prosperity interests.
Guest essay by Eric Worrall
h/t Breitbart – Australian Prime Minister Tony Abbott, whose recently appointed a commissioner to handle complaints about wind farms, has just instructed the government Clean Energy Corporation not to subsidise any new wind farm projects.
According to the Sydney Morning Herald;
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…
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