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Day twelve cont

“Coalition sources on Wednesday told The AFR that while the party would honour the NRF’s existing commitments if elected on May 3, the remaining funds would be put to other uses, including possibly the Coalition’s plans to build seven #NuclearPower plants across the country.

The Coalition will not scrap or exit existing #NRF (National Reconstruction Fund) agreements over fears that would create sovereign risk, whereby investors avoid making investments in Australia due to uncertainty about government decision-making.”

…

“While the Coalition has opposed Labor’s off-budget funds, Dutton has said a future Coalition government would finance its taxpayer-funded nuclear power plants through a similar #investment vehicle.

Modelling by #FrontierEconomics commissioned by the Coalition estimates the opposition’s energy plan would cost $331 billion to 2050, of which the taxpayer-funded construction of #NuclearPlants would be a large component..”

There you go, $331B tax payer funded ‘never never’ nuclear technology for power generation.

#AusPol / #Liberal / #LNP / #Labor / #energy / #manufacturing <https://archive.md/FLmBy> / <https://www.afr.com/politics/federal/coalition-to-reprioritise-14-5b-from-labor-s-manufacturing-fund-20250409-p5lqck> (paywall)