Greens climate change and energy spokesperson Adam Bandt MP today introduced the Coal-Fired Power Funding Prohibition Bill 2018 into the House of Representatives, which prevents the Commonwealth from providing financial assistance to coal-fired power plants. The scope of Mr Bandt\u2019s bill is intended to be wide enough to prevent the government using the mechanisms outlined in the Underwriting new generation investments consultation paper to underwrite and provide financial support to coal-fired power stations.
\n\u201cIt isn\u2019t just environmentally irresponsible to bankroll coal-fired power stations, it is economically reckless.
\n\u201cThe government shouldn\u2019t be trying to shovel money to coal-fired power stations in the few months left before the election.
\n\u201cPropping up aging, unreliable coal-fired power stations won\u2019t just make climate change worse, but it will make our grid less reliable and expose the taxpayer to significant liability.
\n\u201cTo satisfy its coal-hugging backbench, the government is even offering to indemnify coal companies against the \u2018carbon risk\u2019 of future greenhouse policies.
\n\u201cThe taxpayer will be left paying for stranded assets and compensating big polluters.
\n\u201cWe need to urgently pass this legislation to prevent the government from signing contracts over summer to build new coal-fired power.<\/p>\n","protected":false},"excerpt":{"rendered":"
Greens climate change and energy spokesperson Adam Bandt MP today introduced the Coal-Fired Power Funding Prohibition Bill 2018 into the House of Representatives, which prevents the Commonwealth from providing financial assistance to coal-fired power plants. The scope of Mr Bandt\u2019s bill is intended to be wide enough to prevent the government using the mechanisms outlined … Continue reading “Bandt introduces bill to stop government bankrolling coal”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-904","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=904"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/904\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=904"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}