Angus Taylor signals further taxpayer investment in existing coal and gas

The new energy minister, Angus Taylor, says he’s not a sceptic about climate science, just the economics of green schemes, and he’s declared renewables are “in my blood” and have an important role in the energy system.

 'I am not sceptical about climate science': Angus Taylor.

But while overtly backing solar and hydro, but not wind – a technology he’s long opposed – Taylor has also signalled he wants to encourage new investment extending the life of existing coal and gas plants, and upgrading ageing facilities, with an objective of boosting supply.

In his first major speech in his new portfolio, Taylor has recommitted the government to pursuing heavy-handed interventions in the energy market cooked up in the last days of the Turnbull government, including “last resort” divestiture powers to break up power companies if they engage in price gouging.

Read the story from The Guardian by Katharine Murphy - “Angus Taylor signals further taxpayer investment in existing coal and gas.”