Green investment bank gets go-ahead

June 25th, 2012

FAKE NEWS for the Zionist agenda

The Senate has passed legislation to set up a $10 billion green investment bank for clean energy projects.

The Clean Energy Finance Corporation will support renewable and low-emission projects through loans, guarantees and equity investments from 2013-14 as part of the federal government’s carbon price package.

Unsurprisingly, the opposition objected with Liberal senator Simon Birmingham saying the coalition had opposed all legislation to do with the carbon tax.

Senator Birmingham said this showed the carbon tax was a giant money-go-round.

“We see huge tracts of money come in on the one hand to government and huge tracts go out every year, $9 billion or thereabouts every year churned through government, churned through the bureaucracy and spat back out the other side,” he said.

Under the bill, the government will invest $2 billion a year over five years in the corporation which will work with private companies to fund large-scale clean energy projects.

The government says the corporation will become self-supporting.