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Flat White

Yet another government plan to destroy the economy

15 July 2024

2:00 AM

15 July 2024

2:00 AM

The Commonwealth Treasury is developing a ‘taxonomy to support the flow of capital into sustainable opportunities and the achievement of Australia’s climate, environmental, and social objectives’.

Initially offering voluntary guidelines for investors, this is foreshadowed to become mandatory in future. It would then become a central plan apparatus to vet capital expenditure proposals to ensure that they are consistent with the government’s goals.

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