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Wednesday, 30 May 2012
Page: 6356

Mr CIOBO (Moncrieff) (18:59): I rise to speak about the Clean Energy Finance Corporation Bill 2012 because this is quite an extraordinary bill. This is a bill that is delivering $10 billion of taxpayer subsidies through the Clean Energy Finance Corporation to deliver so-called viable clean energy technologies. The extraordinary thing about it though is that the bill in reality does not deliver viable clean energy technologies; it provides a taxpayer subsidy to those operators that seek to commercialise clean energy technologies. What we know, and this is a direct consequence of the House of Representatives Standing Committee on Economics inquiry into this very bill—

Debate interrupted.