Tony Abbott defends the indefensible admiting he want the CEFC gone

P

rime Minister Tony Abbott says it is "no secret" he wants the $10 billion Clean Energy Finance Corporation (CEFC) abolished, but while it is still in place it should be as useful as possible.

The Opposition and the Greens have accused the Government of trying to get rid of the taxpayer-funded authority by stealth, by issuing a new directive to stop the CEFC from investing in wind farms and household rooftop solar projects.

"The Parliament set up this corporation with a very expert board and very expert staff to make these decisions free of political interference," Opposition environment spokesman Mark Butler said.

"What we see now is Tony Abbott trying to nobble this corporation for his own ideological purposes."

But Mr Abbott says it is not useful for the CEFC to invest in established technologies that can easily attract private funding.

Read the ABC story - “Clean Energy Finance Corporation: Tony Abbott defends decision to axe wind,solar from renewables spending”.