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CEFC saved a second time

19 June 2014 3:48PM
The Clean Energy Finance Corporation will remain in business a little longer yet, after the Senate voted down a bill to abolish the financier yesterday.This is the second time the Senate voted down the bill, having done so in December 2013.The legislation now serves as a first trigger for the Liberal and National coalition to seek a double dissolution of parliament, though it's doubtful any election would invest much energy in the pros and cons of the CEFC.The CEFC has not done that much investment itself.It has invested more than A$500 million this financial year, most of it before last year's election.It made no investment in the last quarter of 2013. It advanced $120 million during the March quarter.Australia's Coalition government told Parliament the CEFC was an entity that "invests in high-risk ventures".

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