Greens climate and energy spokesperson, Adam Bandt MP, has welcomed Labor’s decision to back his Coal-Fired Power Funding Prohibition Bill, introduced into the House of Representatives yesterday.
The bill will prevent the government from underwriting either new or existing coal-fired power stations and will stop any indemnification of coal-fired power stations against a future carbon price or policy to limit emissions. The government has flagged that it may provide such support.
Mr Bandt said he will now continue talks with the crossbench to secure majority support and passage of the bill through the Parliament.
“This bill is as financially responsible as it is environmentally responsible,” said Mr Bandt.
“This power-sharing Parliament must act to stop the government from recklessly exposing taxpayers to huge liabilities by underwriting coal.
“If we move this week, we have an opportunity to halt the government’s rush to sign contracts over Christmas.”
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