aussie govt attitude to mret review, page-3

  1. 41 Posts.
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    Agree on all accounts,
    The liberal govt is so closely aligned with US policies a change in the MRET is extremely unlikely. (George W would prefer to strip mine national parks for cheap coal than impinge a renewable energy tax on business:-)

    An up-side I see is a change in investment sentiment to renewable energy as oil and energy costs continue to rise in the next few years. PHY has a good record with safe and steady cash-flow. They have the experience and capability to grow.

    Downsides are the USD swings. Also the over-exposure to single projects (Philippines and now Chile) A problem at a single dam could really hurt them.

 
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