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Henry Ergas: the CEFC Labor/Green folly in the extreme

April 2, 2014 by 8 Comments

  The Clean Energy Finance Corporation is the brainchild of the Green-Labor alliance that left the Australian taxpayer as the unwilling underwriters of highly speculative wind power ventures that conventional banks won’t touch with a barge pole. The CEFC is an outfit living on borrowed time – the Coalition have sworn that it’ll be scrapped […]

Filed Under: Australia, Big wind industry, Big wind politics, RET Review Tagged With: , , , , , , ,

US Renewable Guru commits heresy – once the facts are known support for fans plummets

February 22, 2014 by 7 Comments

Many STT readers will be aware that both the Australian government (where are you Greg Hunt) and the Clean Energy Regulator have been conspicuously silent amid allegations of fraudulent payments running to hundreds of millions of dollars relating to RECs – aka Large-scale Generation Certificates (LGCs) – created by non-compliant wind factories such as Waubra, […]

Filed Under: Australia, Big wind industry, Big wind politics, power prices Tagged With: , , , , , , , , , , , , ,

CEFC – convinced about spending Other People’s Money

December 8, 2013 by 10 Comments

The Coalition are moving full-steam ahead to scrap one of the saddest subsidy sidelines a Commonwealth Government ever got involved in. Clean Energy ‘unconvincing’ says Coalition Australian Financial Review Phillip Coorey and Angela Macdonald-Smith 6 December 2013 The federal government has rejected arguments by Clean Energy Finance Corporation chairwoman Jillian Broadbent that her organisation is […]

Filed Under: Australia, Big wind industry, Big wind politics Tagged With: , , , , , , ,