The $10 billion Clean Energy Finance Corporation headed by former Macquarie banker Oliver Yates has made its first move by absorbing Low Carbon Australia Ltd.
The “in principle”agreement was announced on Wednesday afternoon and while a media statement said there would be a “merger of LCAL’s energy efficiency programs, staff, systems and platforms” the staffing issue is up for grabs. That includes the role of current LCAL chief executive officer Meg McDonald.
A spokeswoman for CEFC who spoke to The Fifth Estate while inspecting potential new premises for the corporation in Sydney, said there had been no decisions made on staffing.
“It’s very early days, What we do have is a draft of a schedule for staff – not positions – which is changing daily,” the spokeswoman said.
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