Posted by Big Gav in coal
I think it is fair to say that Malcolm Turnbull has been a total disappointment in his time as Prime Minister - Turnbull government eyes $1 billion Adani loan backed by new infrastructure fund.
Environmental groups were outraged by reports the government was moving closer to granting the $1 billion loan. Tim Buckley, analyst at the Institute of Energy Economics and Financial Analysis, said Australian taxpayers should not give "subsidies to foreign billionaires", despite the 1500 jobs that could be created by the mine.
"If you were to provide a billion dollars for solar projects across Australia you would probably create 3000 jobs," Mr Buckley told Fairfax Media. "It's farcical that they're paying out a foreign billionaire and they're doing it into structures that are clearly in tax havens."