House debates

Monday, 17 June 2013

Questions without Notice

Clean Energy Finance Corporation

2:42 pm

Photo of Andrew RobbAndrew Robb (Goldstein, Liberal Party, Chairman of the Coalition Policy Development Committee) Share this | Hansard source

My question is to the Prime Minister. I refer to reports that the government's $10 billion Clean Energy Finance Corporation, which is funded with borrowed money, is set to lend $100 million for an existing wind farm 50 per cent owned by a New Zealand state-owned organisation being readied for privatisation. Given commercial banks reportedly were prepared to lend this money but were outbid by your government's corporation, does the Prime Minister believe that this market intervention is an appropriate priority for the expenditure of tax payers' money?

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