The federal government has announced plans to underwrite projects for power generation, examing the business case of 12 energy projects - one coal, five gas and six hydro.
The Prime Minister also announced a $10 million feasibility study into ways to meet the energy needs of heavy industry in north and central Queensland, including a project in Collinsville, which is home to the state's oldest coal mine. Nationals MP Barnaby Joyce has assumed a coal project will get the go-ahead, declaring the announcement a win.
Let's see if they follow through. AFTER the election.
Finally a little bit of sense. While you are building some coal fired power stations lets get the nuclear power industry under way with some urgency.
Hallelujah. The only way we’re ever going to get cheap reliable power.
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NSW coal plant upgrade shortlisted for government funding | Sky News AustraliaPrime Minister Scott Morrison has announced the government is considering underwriting the upgrade of a coal-fired power plant at Lake Macquarie in NSW.\n\nThe government has considered expressions of interest from 66 energy projects and shortlisted 12 proposals for potential underwriting.\n\nThe proposals include five gas projects, six pumped hydro projects, and the Lake Maquarie coal plant.\n\n\n\n\n TroyBramston I bet they would if they stop all subsidies on renewables TroyBramston Australians sell ungodly amounts of coal to China and India (as your own people struggle) because Australia doesn’t give a f*** about their kids’ planet? Why help China and India and screw your own people? TroyBramston We already know that. Mostly because the banks have been bullied into not lending them the money. Is that not why the government need to get involved?
Source: SkyNewsAust - 🏆 7. / 78 Read more »