Business leaders sound alarm over looming energy threats

  • 📰 theage
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 77%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The threat of blackouts in Victoria has sparked alarm from some of the nation's biggest businesses, with the boss of Coca-Cola Amatil comparing the situation to challenges it usually faced in developing countries.

The threat of blackouts in Victoria has sparked alarm from some of the nation's biggest businesses with Coca Cola Amatil boss Alison Watkins comparing the situation to challenges it usually faced in developing countries.

"They have the obligation to ensure that the facilities, these coal generators are in a fit state to be able to produce power supply for when Victorians need it the most this coming summer," she said. Asked if it was unusual for Coca-Cola to have to plan for blackouts in this country, Ms Watkins said: "We have a business in Indonesia and we have a business in Papua New Guinea and so we experience blackouts from time-to-time in those countries. It’s certainly not something that we expect to experience in Australia."

A Rheem spokesman said the water heater manufacturing company’s direct gas and direct electricity costs had increased by more than 50 per cent since 2017. Energy Users Association of Australia chief Andrew Richards predicted large power consumers would again be asked to power down to help keep the lights on.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Listen up! Shareholder value no longer everything for big businessComment: Whether through conviction or pragmatism, business leaders are redefining the role of their corporations and the nature of capitalism, writes Stephen Bartholomeusz
Source: smh - 🏆 6. / 80 Read more »