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Clive Palmer - Turnbull's great coal hope



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THE HON MARK BUTLER MP SHADOW MINISTER CLIMATE CHANGE AND ENERGY MEMBER FOR PORT ADELAIDE

CLIVE PALMER - TURBULL’S GREAT COAL HOPE

The Prime Minister’s new coal plan has been rejected by every sensible voice on energy policy - the electricity generators as represented by the Australian Energy Council, the Clean Energy Finance Corporation, the banks and even Gina Reinhart.

But one investor who shares Malcolm Turnbull’s coal vision for Australia’s energy future has put his hand up for taxpayer support to build a new coal power plant.

This investor is the brains behind Titanic II, the mastermind behind the Palmer United Party and the businessman behind the collapse of Queensland Nickel - none other than Mr Clive Palmer.

The Prime Minister has found the one investor in Australia who, like the Prime Minister himself, is willing to ignore the advice of experts that have declared new coal “un-investable” and invest in new coal anyway - as long as it’s supported by taxpayer handouts.

Sensible Australians thought the Turnbull Government’s coal plan had reached the height of absurdity when the Treasurer brought a lump of coal to fondle in Parliament. But Mr Palmer has provided us all with a timely warning - we should never underestimate the depths of farce that can be reached by the Turnbull Government’s energy policy.

The Prime Minister needs to stop his delusional and increasingly embarrassing coal distraction and start focusing on the real national energy crisis that is enveloping this country.

Only in the last day, we have heard from industry and unions about a gas crisis threatening industry, and we have seen new carbon pollution data released that once again confirms Australian pollution is rising. In recent weeks, we have seen regulatory mistakes leading to blackouts, power price spikes across the country and stakeholders as diverse as the ACTU and the Business Council of Australia band together and demand an end to ongoing policy uncertainty.

Australia desperately needs serious policy solutions to a growing energy crisis. Labor stands ready to work together on a bipartisan energy policy that will deliver for Australian households and businesses. But the Turnbull-Palmer taxpayer funded coal plan isn’t it.

WEDNESDAY, 1 MARCH 2017

MEDIA CONTACT: LUCY CARUSO 0408 803 428