The federal Coalition’s energy policy moves continue to unravel before its eyes, with the latest blow coming from legal opinion that suggests that the government would need to get funding for any new fossil fuel generation through parliament if it is to have any legal force.
 |
| Minister for Energy, Angus Taylor (left), and Prime Minister Scott Morrison talk at a press conference. |
The opinion comes just days after the federal Coalition decided to pull its so-called “big stick” legislation after discovering that Labor and the independents would support an amendment by The Greens that would ban the government from funding new coal investments.
The “big stick” legislation is a lead-footed attempt by the government to try and “control” the energy market, drawing on some aspects of an ACCC report into market gaming and manipulation, but introducing others – such as a threat to force companies to sell assets – that the ACCC, and just about everyone else, says is a really bad idea.
Read the RenewEconomy story by Giles Parkinson - “Coalition’s last minute energy policy continues to unravel before its eyes.”
No comments:
Post a Comment