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Coal unreliable and Alinta spending a billion on a ‘stranded asset’

Media Release
Adam Bandt 23 Nov 2017

Coal unreliable and Alinta spending a billion on a ‘stranded asset’

Greens climate change and energy spokesperson Adam Bandt MP today said that Alinta’s decision to spend over a billion dollars to purchase a dirty coal-fired power station will come back to haunt them.

“Victoria can’t rely on coal,” said Mr Bandt.

“Coal-fired power stations are struggling with the heat.

“We also need to retire one coal-fired power station a year until 2030 to meet the Paris Agreement goals.

“Buying a brown coal-fired power station in 2017 makes as much sense as investing in a chain of Blockbuster stores.

“Alinta’s board will rue the day they dropped over a billion dollars on what will quickly become a stranded asset.”

Media contact: Gideon Reisner, 0429 109 054

TW: @AdamBandt FB: facebook.com/Adam.Bandt.MP

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