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PM Abbott must come clean on hit to Hydro Tasmania

Media Release
Christine Milne 11 Oct 2013

Hydro Tasmania's record profits and their flow through to state coffers will be at risk if the Liberals scrap the price on pollution, Australian Greens Leader Christine Milne said today.

"Tony Abbott and Greg Hunt want us to believe that scrapping the price on pollution won't damage the bottom line, but the Direct Action sham cannot compensate Tasmania for the massive hit to Hydro's profits," Australian Greens Leader Christine Milne said.

"Mr Hunt has to come clean about exactly what deal he is offering Hydro Tasmania under Direct Action if we are to have any confidence that jobs and the budget bottom line won't suffer.

"How much of the $300 million Direct Action Fund will compensate Tasmania for the loss of $70 million that Hydro Tasmania has earnt from the carbon price?

"Tony Abbott's secretive government has no intention of being upfront with Tasmanians and transparent on the loss he will impose on the Hydro.

"Tasmania must not be a casualty of Tony Abbott's reckless abandonment of action on global warming.

"The Coalition hopes that by hyperventilating, and using the excuse of talks with the Tasmanian Liberals, they can get away with not matching the $70 million from Hydro that helps fund our schools, hospital and police."

 

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