Saturday, April 21, 2012

Federal Labor and its Renewable Energy Black Money Hole

The Labor Federal Government has created a $10 billion Clean Energy Corporation to fund development of renewable energy projects. It will have a short lifetime when the Coalition becomes Government, ditto the Australian Greenhouse Office responsible for issuing grant monies. The latest is a dodgy company testing out wave energy. A wave operated power station? What a rust bucket their pilot plant is at Newcastle.! The sea is a very CORROSIVE element to deal with and has frequent damaging storms. What a waste of money! Why not build a state of the art COAL-FIRED power station where its needed (and for good measure, disband the Federal Greenhouse Office). It wont be long now when Federal Labor is tossed out on its ear never to be seen again for several decades. Cheers Allano

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