Oliver Yates to head green investment bank

AAP

Former Macquarie Group landowner Oliver Yates has been allocated conduct of Labor’s $10 billion immature investment bank.

The Clean Energy Finance Corporation’s (CEFC) house announced Mr Yates’ appointment as a organisation’s initial arch executive on Sunday.

“Mr Yates brings a resources of knowledge to a organization and will be instrumental in scheming a CEFC to start investing from 1 Jul 2013,” a organization pronounced in a statement.

The CEFC will support renewable and low-emission appetite projects by loans, guarantees and equity investments as partial of a government’s CO cost package.

Treasurer Wayne Swan pronounced Mr Yates would manage a physique as it works with a private zone to deposit in businesses seeking supports to get innovative clean-energy technologies off a ground.

“I acquire Mr Yates and a purpose he’ll play as Australia transitions to a

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