July 29th, 2014 | Uncategorized | 0 Comments
The Renewable Energy Target has become a honey pot for speculative investors who have billions of dollars resting on the outcome of the current review.
I write in The Australian today,
If there is a sound more pitiable than the whine of a pious environmental activist, it is the wail of a financier about to do his dough.
The mournful chorus now wafting from Greg Hunt’s waiting room is the sound of the two in unison, pleading with the Environment Minister to save the life of their misshapen bastard child, the renewable energy target.
You have to hand it to Hunt, who either has nerves of steel or is stone deaf, for he has retained both his cool and his fortitude.
The RET review by Dick Warburton on the government’s behalf has brought the rent-seekers out in force, for billions of dollars of corporate welfare is resting on its outcome.