Sheit

Our gub’ment has done it again, god bless them.

By ruling out an emissions intensity trading scheme they have added uncertainty to a sector which has already been described by the Australian Energy Council as ‘almost unbankable’ and ‘visibly deteriorating’.

Whoever thought that the role of government was to create policy certainty that encourages private sector investment? Not our mob, clearly.

It’s a good thing that renewables are already cheaper than the alternatives.They should have just said that and left it at that.

But I fully expect the nutters to go the whole hog and put subsidies in place for coal generation.

I’m not joking.

The trouble is that they have mates that own coal mines but none that own factories that make solar modules or wind turbines.