Private investors won't touch new Coalition-backed coal plant, Labor says

The federal Labor opposition says private investors will not touch “with a barge pole” the Morrison government’s plan to support a coal-fired power plant in Queensland. 

The Morrison government says it will spend up to $6m in grants
 for two new Queensland electricity generation projects, including
 a coal-fired power plant at Collinsville.

The government says it will spend up to $6m in grants for two new Queensland electricity generation projects, including a coal-fired power plant, as part of a bid to lower power prices.

About $2m has been set aside for a pre-feasibility study on a 1.5GW hydro-electric plant to be developed as part of the planned Urannah water scheme, while up to $4m will support a feasibility study for a 1GW “high efficiency, low emissions” coal plant at Collinsville.

“We are supporting two promising new generation projects to deliver the reliable, affordable power that the north Queensland economy needs to grow and thrive,” the deputy prime minister, Michael McCormack, said.

Read the story from The Guardian - “Private investors won't touch new Coalition-backed coal plant, Labor says.”

(This is absolutely the wrong thing to do. The science tells us clearly and unequivocally, that Australia should be playing a leading role in helping the world break its addiction to fossil fuels. We should be setting an example by switching, just as quickly as we can, to a system that depends entirely upon renewable energy, primarily solar, wind and where feasible, hydro - Robert McLean)