Underwriting coal power exposes taxpayers to billions, industry group says
by Katharine Murphy Political editor from on (#431XG)
Ai Group expresses significant concern with the Morrison government's controversial plan to underwrite new power generation
A leading business group has expressed significant concern with the Morrison government's controversial plan to underwrite new power generation, noting it could leave taxpayers exposed to liabilities "with a net present value of billions of dollars".
The Ai Group has used its submission to flag major problems with the proposal, ranging from its "extremely aggressive" administrative timetable, with projects being drummed up before the next federal election; a lack of obvious "strong independent governance" arrangements, and the lack of an overarching climate and energy policy.
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