Power Companies: Coalition Government and Taxpayer Money

power companies: On Thursday, the Coalition government pulled its big stick legislation after the Greens moved an amendment, supported by the Independents and the ALP, to ban any taxpayer money going to coal, according to The Guardian. This exposes Scott Morrison's true motives he and his party love coal a whole lot more than they hate big power companies. This latest, in a string of energy policy failures, demonstrates the Liberal party's chronic inability to modernise our ageing, polluting and inefficient power system. This bill was never about reducing electricity prices; it was designed to firstly make the Morrison government look like it was doing something and secondly, to keep old coal clunkers like Liddell running for longer, no matter the cost. Both are bastardisations of recommendations made by the ACCC in July last year on how to lower electricity prices. Government cannot fund new coal plants without parliamentary approval, advice says Read more So where did the big stick come from The federal government started 2019 with two remaining energy policies - the Prohibiting Energy Market Misconduct bill and Underwriting New Generation Investments program. (news.financializer.com). As reported in the news.