The proposed Sustainable Cities Investment Fund, unveiled by Prime Minister Malcolm Turnbull on June 20, would take up to $100 million a year from the Clean Energy Finance Corporation to stimulate private sector investment in renewable energy and clean technology in Australia's major cities.
But industry groups say it means nearly one-third of the supposedly independent CEFC's budget has been corralled by the government for “pet projects” announced during the lead up to the election campaign.
A couple of hundred people rallied outside NSW parliament house and several dozen locked onto its fence in an action advertised as The World's Biggest Lock-on.
The rally was called in opposition to the recently passed anti-protest law that carries up to seven years' in jail for “unlawful protest” — such as blockading a CSG drill site.