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jb2020

218 Posts.

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04/09/20

10:23

Post #: 47082817
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Originally posted by Churrrrrrrrbro: ↑

BPH

Can't post the link but google Angus Taylor Gas recovery. SMH article. Energy and Emissions Reduction Minister Angus Taylor introduced a bill to Parliament on Thursday that would change laws that bar the Clean Energy Finance Corp from investing in conventional fossil fuels and remove a rule that prevents it from investing in loss-making projects.

Mr Taylor told Parliament the bill would "not divert the CEFC's existing $10 billion allocation" but would create a "trusted counter-party to investments, allowing the CEFC to support private sector involvement" in energy generation.

The underwriting program, which is open to all energy sources, is currently considering five gas, one coal and six renewable energy projects.

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BUY down 17% not a good signal. No management interests changing here either.
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