Australian news, and some related international items

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

Private investors won’t touch new Coalition-backed coal plant, Labor says,  Morrison government to spend up to $4m in grant for feasibility study into coal-fired power plant in Queensland, Guardian, Australian Associated Press, Sat 8 Feb 2020  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 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……..

Labor’s climate change and energy spokesman, Mark Butler, said private investors would not touch a new coal-fired power station “with a barge pole”.

“The government still has no energy policy – just ideological flights of fantasy,” he said in Adelaide on Saturday. The private investment sector had made it very clear it had no appetite for building expensive coal-fired power stations, he said.

“If the industry itself won’t touch this project, why should taxpayers foot the bill?”

February 9, 2020 - Posted by | AUSTRALIA - NATIONAL, business, climate change - global warming, politics

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