Published: October 23, 2018
Federal opposition calls it ‘an extraordinary waste of taxpayers’ money’ and issues warning to energy sector
The shadow climate change minister, Mark Butler, has issued a clear warning to Australia’s energy sector that Labor does not support the government indemnifying new coal plants against the future risk of a carbon price – noting the cost to taxpayers could run into billions.
While the ALP federally has a policy of not repudiating contracts, Butler told Guardian Australia on Wednesday: “Investors need to understand very clearly that we do not support that. That would be an extraordinary waste of taxpayers’ money.”
Continue reading...from The Guardian https://ift.tt/2ApWUPs
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