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Nuclear a ‘rent-seeking parasite’ that will push up power prices: Kean

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Climate Change Authority head Matt Kean has slammed the nuclear power industry as a rent-seeking parasite, warning that developing plants in Australia would just drive up electricity bills and accusing those wanting to do so of vested interests.

The former NSW treasurer said the alternative energy source was “old outdated technology” and only “a very brave person” would bet on it, building on months of criticism of nuclear since taking the CCA job.

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Hannah Wootton is a reporter for the Financial Review. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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