Herald Sun journalist Caleb Bond says the proposition of a loan system for the mining industry isn’t “an altogether silly idea” as a trade-off for the Nationals’ support of a net zero target.
The Australian Financial Review is reporting Resources Minister Keith Pitt is calling for a $250 billion loan facility to be set up for the mining sector if the Morrison government wants the Nationals’ support on net zero by 2050.
“If they want to go down this net zero path then it’s probably not bad idea to have some kind of trade-off,” Mr Bond said.
“Chances are they that they never have to use that or dip into that money but I don’t think it’s an unfair ask necessarily.
“It’s a loan system, we’re not talking about proper corporate welfare – I’d definitely be opposed to that.”