Business boss takes aim at coal

Former NAB chief Cameron Clyne says it's 'economically reckless' of Australia's leaders not to diversify into more renewable energy.

Former NAB boss Cameron Clyne

Former NAB boss Cameron Clyne wants Australia to increase its investment in renewable energy. (AAP)

Former big bank boss Cameron Clyne has warned Australia is taking a business risk by not drastically increasing its investment in renewable energy.

Australia's lack of energy diversification - and heavy reliance on coal - is "economically reckless", the retired National Australia Bank chief writes in Fairfax papers on Monday.

"It's everyday Australians who bear the brunt, cop the hit and pay for the wilful ignorance and blindness of political leaders - and some in the business community - to the very real and very rapid changes that are all around us," Mr Clyne said.


Share

1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world