The federal government should become a financier of last resort for the mining sector via the creation of a $250 billion loan facility, if it wanted the Nationals’ support for net zero emissions by 2050, Resources Minister and senior Nationals MP Keith Pitt says.
In the most significant flexing of muscle so far by the junior Coalition partner, Mr Pitt also said the agriculture and resources sector should be excluded from any sacrifice in terms of reaching net zero.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com