Regulations to force CEFC green bank to fund Carbon Capture and Storage wins Australia a Gold Fossil Award, Brazil 2nd for backwards time travel

The dastardly deeds keep rolling with Australia, with commitment to change the regulations for the Clean Energy Finance Corporation to fund Carbon Capture and Storage to keep fossil fuels afloat.

The announcement echoed in Glasgow in the cavernous meeting halls of the UN Climate Change conference COP26 and Climate Action Network awarded a 1st place award to Australia. This is Australia's 5th Fossil of the Day award at this COP.

The Federal Government will add $500m boost to CEFC, but will try to update regulations for this money to go on Carbon Capture and Storage (A failed technology), and soil carbon. Legislation is required and this is not a done deal yet. It requires Labor and Senate crossbench to support this. Many Australians will be calling on Labor, Greens and Crossbench MPs and Senators to oppose this change to the CEFC remit.

Bandaids for an unmitigated reef catastrophe #ReefElection

Image: Malcolm Turnbull, Greg Hunt, Ewen Jones travelling to Magnetic Island. Photo: Greg Hunt/twitter. Article first published using storify at nofibs.com.au

A promise by the Prime Minister to divert $1 billion in Clean Energy Finance Corporation (CEFC) funding to improve reef catchment water quality and reduce greenhouse gas emissions has been soundly criticised as legally problematic, inefficient and far below the funding scientists say is required to Save the Reef.

This video, published on 2nd June 2016 from the Climate Council, articulates the climate change threat facing the reef, with statements from tourism operators, marine scientists and climate scientists.

Double dissolution trigger: Greens and Labor challenge Abbott on climate, clean energy

The Labor Party and Greens have defeated for a second time in the Senate a bill by Tony Abbott's Government to abolish the Clean Energy Finance Corporation. This gives a first trigger for the Government to call a double dissolution election.

"Prime Minister Abbott if you really believe that this is absolute crap and that the Clean Energy Act is going to wipe Whyalla off the map, how’s that working out?" he told the Senate.

"If you really believe that renewable energy can't deliver, then here is the double dissolution election trigger you’ve been waiting for."

"The world is starting to move, in fact parts of the world are well ahead of Australia, we’re lagging and the hour is late, so if its an election you want then bring it on." explained Senator Ludlum.

Watch Western Australian Greens Senator Scott Ludlum challenge the Abbott Government to bring on a 'globalwarming' double dissolution election.



The Clean Energy Finance Corporation was established by the Gillard Labor party in consultation with the Greens and Independant MPs in 2011 to help fund renewable energy projects through assisting private funding. As an investment catalyst, it has actually proved a successful business generating about $200million annually to aid the budget, while also helping establish clean technologies in existing businesses.