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Australia Govn't Budget Boost Could Help Controversial Coal Projects

2015-05-15 15:26:00| Climate Ark Climate Change & Global Warming Newsfeed

Sydney Morning Herald: Coal projects in the Galilee Basin and on the door step of the Great Barrier Reef could receive government financing under a $5 billion loan scheme in the federal budget. But companies would have to demonstrate their projects would not be commercially viable without government funding to be eligible, the Abbott government has said. Tuesday's budget included a new concessional loans scheme of up to $5 billion for infrastructure projects to encourage the private sector to invest in northern Australia....

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