The party is dragging a kicking and screaming Turnbull towards sanity.
" so-called rebels want an end to the subsidising of renewable energy and the government to promote the upgrading of existing, or building of, new highly efficient, low-emission coal power stations.
Mr Turnbull said his policy, called the National Energy Guarantee, provides "every incentive" to invest in sustainable power.
It would, he said, put a premium on 24-7, reliable, low-cost energy, and coal provided that.". https://www.9news.com.au/national/2018/04/03/12/26/power-struggle-plgues-pm
Long overdue, and surely with anyone else as PM the Libs would have got there yonks ago. But I'll be grateful for small mercies, congratulate the sane Libs for hanging in there, and expect some sensible coal (and gas) power stations to be built. But realistically, it's all a waste of time if they don't scrap the MRET and the "renewable" energy subsidies.
SMR Price at posting:
82.5¢ Sentiment: Buy Disclosure: Held
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