Abbott's orders telling the Clean Energy Finance Corporation are directly against it's charter. The gov cannot tell the CEFC to stop (or start) investing in anything.
Abbott's war on the wind and sun is looking decidedly shaky. The gov reckons it's lawyers said yes, but I'd be going with the other side. Labor and it's architect Greg Combet.
What a fuckin clown show.
But Mr Combet said the 2012 legislation that created the CEFC was never "technology-specific".Good luck with that Tone. Why don't you take it to an election then if you don't like the senate saying no no no?
"The original intent of the CEFC was to address market failures in the field of clean energy and renewables. It was not technology-specific. That is, it was not prevented from investing in any particular technologies, whether they were proven or emerging," he said.
"It was open to invest in any technology for the purpose of addressing market failures."
The CEFC is closely examining the government's instructions on wind and solar and has called in the lawyers.
Chief operating officer Meg McDonald said: "We are taking legal advice on what's been proposed … we are probing everything about it, what the implications are for us in terms of observance of our responsibilities under the act."
The Clean Energy Finance Corporation Act stipulates the government must not make a direction that has the effect of "directly or indirectly requiring the [CEFC] board to, or not to, make a particular investment".
It is understood that the government sought legal advice before issuing the draft mandate, and believes it can direct the board's investment functions and specify investments — in particular, clean energy technologies. The mandate will be tabled in Parliament when finalised. Read more
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