Liberal MPs scorn National’s $250bn plan for taxpayers to underwrite fossil fuels
by Katharine Murphy Political editor from Environment | The Guardian on (#5QECY)
Keith Pitt's proposal, which suggests huge loans for resources sector in return for his party backing net zero, left on table by Scott Morrison
A controversial proposal to create a $250bn loan facility for the resources sector in return for National party backing for a net zero emissions target has been met with scorn by metropolitan Liberals.
But Scott Morrison has left open support for a taxpayer-backed loans or insurance facility - or a jobs guarantee - as the prime minister chases support from the National party for a net zero commitment ahead of the Cop26 in Glasgow.
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