From the Crikey grapevine, the latest tips and rumours …

Shooting at different targets. In yet another example of how the Business Council of Australia is more like a partisan ally of the Liberal Party than a genuine "think tank" of any description, BCA chair Grant King yesterday rushed to endorse the government's abandonment of a Clean Energy Target -- and found himself basically alone in the entire business sector in doing so. But we're more interested in the fact that he endorsed the government's rationale that renewable energy prices were now falling so rapidly that there was no need for a CET.