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Public must claw back the big bank subsidies revealed by RBA: Greens

Following the Reserve Bank’s estimate that the major banks in Australia receive implicit public support worth up to about $4 billion a year, Greens Treasury spokesperson Adam Bandt MP today called on Malcolm Turnbull and Bill Shorten to adopt the Greens’ proposal for a ‘Public Support Levy’ on the big four banks that would raise almost $15 billion of revenue over four years. The Customer Owned Banking Association has estimated that the support is worth $2.9 to $4.5 billion.

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Australia dirtiest power station to close

Greens Energy spokesperson Adam Bandt has welcomed reports that Australia’s dirtiest coal fired power station, Hazelwood, may close, but warned that Federal and State governments urgently need to put in place polices to ensure an orderly retirement of coal fired powered stations and a transition for the affected communities.

Hazelwood’s parent company Engie is reported to have said, in evidence to the French Senate, that it is reviewing the future of Hazelwood, including possible closure.

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PEFO confirms need for more active fiscal policy: Greens

Greens Treasury spokesperson Adam Bandt MP today said the Pre-election Economic and Fiscal Outlook released today confirms there are bleak economic conditions ahead if the government continues with its fiscal policy. Mr Bandt said the time is ripe for governments to take advantage of low interest rates and responsibly increase borrowing to fund productive infrastructure, including clean, renewable energy projects. Mr Bandt added that the lowest wages growth in at least 18 years reported since the Budget confirms that now is not the time for unaffordable and unfair income tax cuts.

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Greens release plan for giant boost to science and research

The Australian Greens want to put Australia on a path to spending 4% of GDP on science and research by 2030.

Announcing the policy at the Walter and Eliza Hall Institute of Medical Research in the electorate of Melbourne, Greens Leader Senator Richard Di Natale and Science and Industry spokesperson Adam Bandt MP said the policy would make Australia a world leader in investment in research and development.

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Auto industry left crashing while Labor & Liberals asleep at the wheel

Greens Industry spokesperson Adam Bandt MP today said the Australian auto industry has crashed because Labor and the Liberals have been asleep at the wheel. In February last year the Greens proposed a plan to allow new carmakers and component manufacturers to access the existing hundreds of millions of dollars allocated in the Automative Transformation Scheme if they were manufacturing vehicles or parts for electric or alternative fuel vehicles, or parts for renewables.  Neither Labor nor the Liberals supported the move.

 

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Greens release economic principles for upcoming Budget and election

Greens Treasury spokesperson Adam Bandt MP and Finance spokesperson Senator Peter Whish-Wilson today released the party’s Budget Principles for the 2016 Budget and Federal Election.

“To make society more equal, we need more tax, starting at the top,” Greens Treasury spokesperson Mr Bandt said.

“We'd rather have an Australia where everyone gets great public education and healthcare, which means being upfront about growing our revenue base by getting rid of unfair tax breaks and asking the very wealthy to pay more.”

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New CSIRO climate science centre a ‘sleight of hand’

Greens Science spokesperson Adam Bandt MP today said the CSIRO management’s announcement of a new climate science centre in Hobart is really just a sleight of hand manoeuvre designed to distract from its confirmation that 75 climate science jobs and 275 jobs across the board will be cut from our national science organisation.

“The Greens welcome any investment in climate science and the CSIRO, however the motivations behind CSIRO management’s decision must be questioned,” Mr Bandt said.

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CEIF: Turnbull’s climate con

The Australian Greens have criticised Malcolm Turnbull's new Clean Energy Innovation Fund for trying to make a cut in clean energy funding look like an investment.

"This is a clean energy con job dressed up as innovation " said Greens Leader Richard Di Natale.

"Tony Abbott is not the benchmark of good climate policy and in a climate emergency, this should not be the best Malcolm Turnbull can do to transform our economy.

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Turnbull refuses to back Chief Scientist on climate

Prime Minister Malcolm Turnbull today refused to back his own Chief Scientist on climate change when asked by Greens MP Adam Bandt in Question Time today.

“Malcolm Turnbull’s Chief Scientist has rightly said ‘we are losing the battle against climate change’, yet the Prime Minister refuses to back him,” Mr Bandt said.

“February this year has been named the hottest month on record ever, smashing a century of global temperature records by what NASA calls a ‘stunning’ margin’.”

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