Barnaby Joyce is sympathetic to Resources Minister Keith Pitt’s call for the federal government to become a financier of last resort for mining. The Nationals remain locked in negotiations with the Liberals for a target of net zero emissions by 2050 weeks out from the COP26 climate summit in Glasgow. Pitt, a Nationals MP, has called for the coalition government to create a funder of last resort for mining projects that can’t otherwise get financing. “I have sympathy for what they say because I don’t like the idea that our sovereignty of our nation is determined by a financing arm of another country or a board member,” Joyce told ABC radio on Thursday. The Australian Financial Review reports Mr Pitt wants a $250 billion loan facility in exchange for the Nationals’ support for a net zero target. Liberal MP Jason Falinski thinks it’s a bad idea to get the government …
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