Australia politics live: Rio Tinto given $2.5bn bailout for Australia’s largest aluminium smelter; tech giants face law to pay for news content
Tim Ayres says bailout means the facility will remain operational until 2039. Follow today’s news live Get our breaking news email , free app or daily news podcast Bragg was sharing ‘personal views’ in press club speech, says Paterson Shadow defence minister, James Paterson , says his party will take a “careful” approach to migration planning, and that Andrew Bragg was speaking in a personal…
The Australian government has granted a $2.5 billion bailout to Rio Tinto for its largest aluminium smelter, ensuring the facility's continued operation until 2039. This decision aligns with the government's commitment to transitioning to renewable energy sources, as it will be powered by wind, solar, and storage. Shadow defence minister James Paterson emphasized that his party will adopt a cautious approach to migration planning, stating that Andrew Bragg's speech at the National Press Club reflected personal views and not official party policy.
The move to secure the smelter's future with renewable power is seen as a significant step towards reducing climate pollution and creating stable jobs in the clean industry sector.
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