Australia: Hundreds of millions of dollars blown on insane Global Carbon Capture and Storage Institute

Coal hard light of day for dud scheme

Kevin Rudd's decision to spend hundreds of millions of dollars on technology to capture and store carbon has failed to deliver.

They've conferenced in empire-style Parisian ballrooms and dined in Kyoto on food cooked by a genuine Iron Chef. But deeply disgruntled former staffers believe Australia's $300 million Global Carbon Capture and Storage Institute has not achieved very much.

...The institute has 78 staff, including nine permanent employees overseas - two in Washington, three in Tokyo and four in Paris. Former senior employees say its first chief executive, the British businessman Nick Otter, was paid well over $500,000 a year - more than the Prime Minister.

Page insists he has "no idea" what his predecessor was paid and his own salary is "nothing like that". The institute's five board members are paid from a budget of $400,000 a year and are entitled to first-class air travel.