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Renewable Power Australia – Paying A Saudi Billionaire To Wreck On Electricity

“The renewable sector must be made to carry the cost of its own instability instead of passing it on to mugs like us.”

Corporate welfare on steroids!

$300 million of Australian taxpayer money paid directly to a Saudi billionaire to prop up a novelty energy source that can’t even supply about 1/68th (or 1.45 per cent) of the output of the Hazelwood power station that closed in Victoria earlier this year.

It’s no wonder Australia now has the most expensive and most unreliable energy IN-THE-WORLD!

Criminal. And, beyond insane.

PA Pundits - International

By Andrew Bolt ~

Let me demonstrate how our politicians are spending billions to give you more expensive and unreliable electricity just to pretend to stop global warming that they pretend is catastrophic.

We are paying a Saudi billionaire $300 million to pretend to make a difference to the climate by ruining our electricity supply:

Moree Solar Plant

Australians are set to pay $300 million in subsidies to an outback solar farm owned by a Saudi Arabian billionaire in a new test of the federal government’s looming energy reforms, escalating a dispute over whether to cut the handouts to keep coal-fired power stations alive.

AGL’s controversial Liddell coal power station in the NSW Hunter Valley generates 50 times as much electricity as the Moree solar farm in the state’s north, which stands to gain big subsidies from households from higher electricity bills until 2030, as the government vows to ease…

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