The Australian reports that Tony Abbott's scuttling of the CPRS means that investment in new power stations is stalled until some clairty emerges about carbon pricing - Power station plans put on hold by ETS freeze.
UP to $2 billion of investment in new power stations will be put on hold as a result of Kevin Rudd's decision to delay his emissions trading scheme, as major power generators are unable to close financing of projects because of uncertainty about climate policies. ...
Energy Supply Association of Australia chief executive Brad Page said yesterday about $2bn of shoulder and baseload power projects could be put on hold by the deferral of the CPRS because the continuing uncertainty over the future price of carbon would mean they could not close deals with financiers.
The Australian also has some good news from the government's clearing the decks of controversial legislation, with the minister for censorship having his evil internet filter plan shelved - Rudd retreats on web filter legislation .
KEVIN Rudd has put another election promise on the backburner with his controversial internet filtering legislation set to be shelved until after the next election. A spokeswoman for Communications Minister Stephen Conroy said yesterday the legislation would not be introduced next month's or the June sittings of parliament. With parliament not sitting again until the last week of August, the laws are unlikely to be passed before the election.