Original article by Geoff Elliott
The Australian – Page: 17 & 23 : 17-Jul-14
Business leader Dick Warburton has been asked by the Australian Government to review the renewable energy target (RET), currently set at 20% of electricity in 2020 to come from sources such as wind and solar power. However ministers such as Treasurer Joe Hockey have already made unfavourable comments about the RET, and the industry is concerned. Some $A3.5bn worth of investment in renewable sources by global group GE may be in jeopardy according to vice-chair John Rice, unless clarity is offered soon
CORPORATES
GENERAL ELECTRIC COMPANY, AUSTRALIA. DEPT OF THE TREASURY, REPUBLICAN PARTY (UNITED STATES), IFM INVESTORS PTY LTD, ACCIONA SA, ACCIONA ENERGY OCEANIA PTY LTD, GE AUSTRALIA AND NEW ZEALAND