Under Turnbull the CEFC has been transferred to the environment department and the government has apparently dropped plans to hobble its mandate by banning investments in wind farms and small scale solar and has suggested it plays an important role in its climate plans. (Link)
Previously, in Parliament, Alby Schultz had revealed some home truths about Wind Power: (link)
RECs are being issued fraudulently to $2 shelf companies that follow the model of declaring bankruptcy only to be reborn under a new name. Australia's biggest corporate collapse, Babcock and Brown in 2011, recorded losses upwards of $10 billion. Babcock and Brown Wind was then renamed Infigen Energy.
The large majority of Australian wind farms are owned by foreign companies. That is billions of dollars going overseas to fraudulent corporations under the guise of renewable energy. Queensland's Ergon Energy confirmed to a Senate inquiry in October 2012 that energy costs would be the predominant driver of increased electricity prices due to the renewable energy target placing upward pressure on wholesale electricity prices.
We are all paying more for our electricity, and for no evidential benefit to the environment.Then just before his time ran out, Alby said:
The snouts in the easy-money-making renewable energy trough are many and varied.What news of Wind Energy?