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Aussie PM Tony Abbott Cancels All Gov't Wind Farm Subsidies
[Breitbart] Australia has slammed the door shut on any new government-funded investment in renewable energy schemes as Prime Minister Tony Abbott extends his "war on wind power".

In doing so Mr Abbott has sent a clear message to the mendicant green renewable energy sector that there will be no more cheap state-supplied financing for its projects.

Fairfax Media reports Mr Abbott's conservative coalition government has ordered the taxpayer-funded $10 billion Clean Energy Finance Corporation (CEFC) to immediately cease any new investments in wind power projects. Treasurer Joe Hockey and Finance Minister Mathias Cormann issued the so-called green bank with a directive to change its investment strategy.

The funding ban is just the latest salvo in the government's attacks on the renewable energy sector which also includes small-scale solar projects.

Posted by: Besoeker 2015-07-13
http://www.rantburg.com/poparticle.php?ID=423241