While AEMO’s move is obviously unprecedented, it’s also a disturbing sign of just how broken Australia’s energy sector is.
In other words, these are circumstances that were always going to occur at some stage. That AEMO has been forced to step in to ensure the lights and heaters stay on is an extraordinary failure of planning and policy.But the tone from business leaders at the ESG Summit in Sydney on Wednesday was clear: this is not the moment to retreat from the energy transition, but to redouble the nation’s efforts to make it work.
She’s still exposed to surging energy costs, but her lower cost base provides flexibility and protection from volatility. Companies that have gone down the renewable energy path, she says, will see the benefits of this investment even faster in this environment.
“This is not a woke agenda. This is our knitting. Our knitting is creating value for stakeholders. And you know what? That’s good business,” she said bluntly. The transition, “is going to be bumpy, and it’s certainly very bumpy right now – more bumpy than a lot of us would like to see”, she added.
They all just want invitations to next years WEF do they can spout this nonsense in front of the holy one blessed be he Klaus ‘my father was a Nazi slave owner’ Schwab