Opposition Lashes Out at Gillard Government's Failure in ZeroGen Project
Opposition Lashes Out at Gillard Government's Failure in ZeroGen Project

It appears that the Gillard Government's much touted clean-coal projects have sparked controversy in the political circles. Among the four projects, only one was told to have been reached the desired level, while other three have been plagued in some or the other financial entangle.

Though there were talks that huge amount has been wasted in kicking ZeroGen project, it's being believed that a lot has been gained in terms of knowledge in this failure.

Even Education Minister Cameron Dick has come out to claim that there has been significantly less burden on taxpayers against what was being expected. Paltry amount of $108 million was being shared by taxpayers for the failure of controversial ZeroGen operation.

"Despite receiving government subsidies of almost $160 million, the ZeroGen project has now collapsed twice in five years and we still have no commercial scale proof that carbon capture and storage actually works", said Australian Conservation Foundation economic adviser Simon O'Connor, who is of the opinion that across the world, significant investment is being made in renewable energy.

There were speculations that the company could be handed to the coal ministry due to poor financial backing, now it's being believed that the company would be diluted instead.

It appears that it's very difficult to convince the private sector to shell out funds for the crippling company and that's what made the Education Minister decide to sell off the project. Adding more concerns is the fact that political class has jumped onto the simmering issue, stating that the ruling government has failed miserably to sustain the so called ZeroGen project.

The opposition has gone to the extent that an independent inquiry is being called for to know the actual loosing points of the government. With cost of living rising at high rate, there is prevalent belief that taxpayers are paying for the failure of government.

 

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