Check out this article:...

Check out this article:

http://www.theaustralian.news.com.au/story/0,25197,23688760-5013871,00.html

The article is squarely talking about Carnegie - even if it doesn't mention it by name. It sums up exactly why i've been so keen on getting this budget out of the way and watching what opportunities for grants it delivers - Particularly this bit:


"While the Government is expected to allocate up to $275 million to six targeted clean coal projects, renewable industry sources think they will have to bid for government funding in two rounds, and only for projects that have reached the demonstration stage of development.

There are only a handful of renewable energy companies with projects able to reach demonstration status in the next few years. Some were promised funding in the last days of the Howard government - money pledges that have not been honoured.

We're watching with interest to see what the budget contains," said clean energy council policy director Rob Jackson. "


You'll remember the Libs promised $5mill to CNM. Carnegie has to be within the very top companies that will be considered for the renewable energy money. As the article suggests - there arent many that are at the stage CNM is at.

What's more, there are other pots we could be eligible for. Penny Wong might want to throw some water money our way and Martin Ferguson might even like the look of our clean coal technology.

If that's not enough Rah Rah cheersquad chanting for you - check out the article in the Business Review Weekly on the future for green stocks in general. Sometimes, when your head is muddled with rather meaningless $2.5mill fund raisers, it's nice to take a step back and consider the broader investing landscape - you can find the article at:

http://www.carnegiecorp.com.au/files/press/2008/Business%20Review%20Weekly_Clean%20Bowled_May08.pdf