Labor says it wants to stop Coalition turning green bank into fossil fuel 'slush fund'

The opposition will try to amend the government's plan to allow the Clean Energy Finance Corporation to invest in gas-fired power

Labor says it will vote against a proposal from the Morrison government to explicitly open up the taxpayer-owned green bank to fossil fuel investments if its planned amendments fail.

As part of its much-vaunted gas-led recovery from the Covid-19 pandemic, and its initiative to establish a fund to invest in grid reliability, the government wants to redefine gas-fired power as low-emissions technology. The aim is to enable the Clean Energy Finance Corporation to make investments in grid infrastructure.