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Don't privatise 'the world's most successful green bank': Bandt

Media Release
Adam Bandt 23 Aug 2019

Greens climate change spokesperson Adam Bandt MP, today called on the government to rule out privatisation of the Clean Energy Finance Corporation (CEFC), which Scott Morrison has called the ‘world’s most successful green bank’, warning it would leave the government without even a fig-leaf of a climate change policy.
 
“Just last week, Scott Morrison was boasting to Pacific Island leaders about the importance of the ‘world’s most successful green bank’ to the government’s climate policy, yet now there’s discussion about selling it off,” said Mr Bandt.
 
“Scott Morrison has repeatedly said the CEFC is one of the key planks of the government’s climate policy. He must immediately rule out selling off the CEFC, one of the few effective things this government is doing to fight climate change. 

“Selling it off would leave the government without even a fig-leaf of a climate change policy and further weaken Australia’s already miserable efforts to fight global warming.
 
“I’m proud of the role the Greens played in establishing the CEFC and securing its $10 billion for clean energy in the 2010 shared power Parliament. Since 2011, it has backed renewable energy projects across the country, helping cut pollution and make clean energy cheaper.” 
 
“We’ll be fighting tooth and nail to keep the CEFC in public hands.”

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