Assistant Treasurer Arthur Sinodinos has backed away from his suggestion that he would reconsider the government’s decision to shut down Labor’s Clean Energy Finance Corporation.

In an interview on ABC Radio on Thursday, Senator Sinodinos said he was “happy to go through the CEFC’s annual report and have another look'”, given the corporation's apparent financial success.

The Coalition's pre-election promise to scrap the Clean Energy Finance Corporation may be reviewed because of the fund's apparent success. Credit:Damian White

Later on Thursday Senator Sinodinos’s office issued a statement saying the Abbott government would scrap the carbon tax “lock, stock and barrel”. This would include scrapping the CEFC, despite the organisation's success in raising money for clean energy programs without cost to taxpayers.