PM to meet gas industry but holding firm against threats

but is standing firm against threats by Shell and Woodside Energy to defer or reduce investment.

The NSW parliament, which must also reconvene to impose a 12-month, $125-per-tonne cap on coal used for power generation, will wait to see whether the federal legislation passes before also sitting before Christmas. “The policy will not address falling domestic gas supply and the increasingly critical role of gas in providing dispatchable power.”

“We will not see Australian industries close at the expense of gas company profits – we just won’t. Gas companies are entitled to protect their profits but not at the expense of Australian industry and Australian households.”

Too funny. You know CSG needs lots of wells. Not like the offshore wells. Don’t compare West Coast with East. Recognise they can still profit at $12.

It’s our gas and we should pay little for it. Companies make 1 billion per $10 a barrel.

I’m watching what is happening from overseas as I’m on holidaya I can only say we are Fck embarrassment and we are destroying our way of life if we continue to go down this green Path.

just do not let the gas miners to bully us They r exporting $50bils of gas tax free

Love that Albo and Labor are doing everything they said and promised. Compared the Scummo today lieing at the Robodebt Royal Commission.

gas industry is making economic decisions, albo is making idiological decisions

Good to see AFR return to its roots interested and broadly supportive of business. Any Government that interferes in markets like this raises spectre of regulatory uncertainty which may genuinely hinder future investment. At minimum producers should be compensated PhillipCoorey

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.

Albanese government doing ‘everything’ it can to ‘kill business confidence’Shadow Immigration Minister Dan Tehan says the industrial relations reforms put forward by the Albanese government would further marginalise the business community. Businesses are warning the government's next wave of industrial relations reforms will sabotage jobs by pushing out labour-hire firms. “What we’ve seen is a pattern now from the Albanese government,” Mr Tehan told Sky News Australia. “They seem to want to do everything they can to kill business confidence in this nation.” This is what you got for your 32% vote Australians. Can Aussies work out a pattern here Murdoch runs BOTH! Murdoch has fvcked America and now he is trying to fvck Australia over too! Why? A divided people generate NEWS and NEWS makes Murdoch big $$$! Think the film TOMORROW NEVER DIES (1997) can never eventuate in reality? And he's got an affidavit from the local cafe owner down the bottom of his street to back him up on this? 🤣 What a drongo!
Source: SkyNewsAust - 🏆 7. / 78 Read more »