NSW seeks emergency powers on coal companies

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 5 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 5%
  • Publisher: 78%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Coal companies will be directed to provide power generators with fuel at below market costs in New South Wales – under emergency regulations to alleviate the escalating energy crisis.

The state government says they sought the powers as a

precautionary measure – rather than in anticipation of an imminent shortfall.

 

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

In the same day we saw that stupid PM signed a resolution to reduce carbon emissions by 43%, claiming it will provide cheap power to Aussies. Ask California how it worked for then, how their solar panels plant is at moment and how much for electricity people are paying there.

Albo Month 1 - Australia, climate capital Albo Months 2/36 - Australia, coal capital AlboMP

wow, force businesses to loose money. not a sustainable business model. what will nsw do to the renewables sector to make it cost effective ?

The inner city trendoid Doomists are going to need a ‘safe place’ to go to after this revelation triggers them something chronic!🤪🤪😂😂

Can’t wait from 1 Jan 2030, when the gvt directs Mother Nature to rain more for hydro, turn night into day for solar and create wind gusts unseen so those blade twirl faster. What a clusterfcuk.

considering Green Matt did everything possible to drive coal out (including delays to permits from IPPC) it is humble pie with a big spoon to now have to force them to supply it!

Now how can you blame this on Dan Andrews & Anthony Albanese

So now you need coal?

Isn't it cheaper burning solar panels? We were promised they're the cheapest.

Dig the coal. Drill for gas. Energy crisis solved. Why are our ‘leaders’ running around like headless chooks? Bernie Finn MP

All those mines and no energy, FAAAAAARK OFFF

Kean will be having conniptions, he loves the fact that fossil fuels are being directed offshore & we plebs live day to day wondering if there is going to be power

But but but, Global Warming....

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:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

NSW given emergency powers to direct coal companies to provide fuel to electricity generatorsIn an extraordinary development in NSW’s energy crisis, Kean met the governor late on Thursday to seek the powers, which gives him authority to force coal and logistics companies to deliver fuel. so, nothings changed then? OK, are you allowed to make this up? I wanna know before I declare that CANT MAKE THIS SHIT UP! What investigation has been undertaken by the SMH to assess whether Liberal Party donor and coal baron Trevor St Baker has been involved in exacerbating the energy crisis since the Liberal Party lost the election?
Source: smh - 🏆 6. / 80 Read more »

NSW government knocked back Origin offer to sell Eraring power plantGovernment advisors believed that Origin was “socially responsible” and wouldn’t shut the plant down in 2025 if the market needed the supply. Two months later, the energy giant flagged plans to close the plant. Enron Maneuver = cartel behaviour
Source: FinancialReview - 🏆 2. / 90 Read more »