Labor Rules Out Coal Power Subsidies in Australia
- Future of energy investment is renewables, Mark Butler says
- Energy policy a key battleground with elections due in May
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Australia’s opposition Labor Party ruled out taxpayer support for new coal-fired power plants if it wins office in May, as energy and climate policy becomes a key election battleground.
A Labor government wouldn’t subsidize new coal-based generation projects, Mark Butler, the shadow minister for energy and climate change, said in a Bloomberg Television interview Wednesday. That’s in stark contrast to Prime Minister Scott Morrison, who has championed the fossil fuel and said Tuesday he’s considering underwriting the upgrade of an existing plant.