The head of an investment fund which is being shut down by the Government has been on an annual salary of nearly $1 million paid by the public purse, which the climate change minister says is “hard to justify”.
Green Investment Finance was established under the previous government to support investments in emissions-reducing ventures, but in April last year it was announced it would be wound up in April last year after anger among ministers over the fund’s failed investment in rooftop solar installer SolarZero.
