“They made investments when gas prices were way lower, and they were making profits when gas prices were way lower,” Mr Husic told Sky News Australia.
“We have seen an extraordinary jump in gas prices that are putting pressure on other parts of the economy, so that is why you have seen in the last few days manufacturers welcome what we are doing.”
Ed Husic wouldn’t know where his arse is.
Happens on a regular basis this Government Takeover of Countries assets in South America & seems to work a treat 🥶
So what Legislation has been passed on the electricity Companies! Their Prices enormous & price rise is not due to wars overseas? Are they capping them? What about the fuel prices?
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Gas industry behaving like tech giants: HusicIndustry Minister Ed Husic says moves to suspend talks over future sales are unacceptable and counterproductive. Finally actually a bit of balanced coverage. you seem to be giving an awful lot of credence to the claims of gas producers who have done absolutely nothing to contribute to domestic energy security and openly threaten the government.
Source: FinancialReview - 🏆 2. / 90 Read more »
Gas giants’ complaints about price caps communication ‘just wrong’: Ed HusicIndustry Minister Ed Husic says gas giants’ complaints about a lack of communication are “just wrong” as they were informed six months prior. “This debate has been going on for six months. We have flagged, they need to take this seriously,” Mr Husic told Sky News Australia. “Today I heard the Chief of Woodside suggest that reservation had worked out quite well when industry fought that tooth and nail when that was first proposed years ago.” If only our ministers were more like middle east and parts of Europe in telling the these companies on how it's gunna work from now on .
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Energy industry ‘jumping at shadows’ over price cap billAssistant Minister for Trade and Manufacturing Tim Ayres says the industry is “jumping at shadows” over the energy price cap bill. “These measures deal with a price cap that’s temporary and sensible for a very small proportion of the gas producers’ overall production,” Mr Ayres said. “A decade of policy inertia, inaction, and uncertainty … that uncertainty has had an impact on investment decisions and made Australians more reliant upon these prices, more reliant upon particular sources of energy. “The country’s been held back for a decade.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Employers will be ‘preferring robotics to people’ because of the ‘crazy’ IR lawsThe Spectator's James Macpherson says every employer in the country will be “preferring robotics to people” because they won’t have the “crazy” IR laws that they have to submit to. Minister for Industry and Science Ed Husic has appointed a National Robotics Strategy Advisory Committee. “Robots require power, so the more robots we have, the more energy we’re going to need to power them,” Mr Macpherson told Sky News host Rowan Dean. “It’s a great idea, but there’s a few things the government need to get in order first if they’re to promote this.” Amongst other things in my work pipeline I'll be training machine learning algorithms to run in robot microprocessors to pick fruit at peak ripeness and i shall donate the intellectual property 100% free of charge to farmers - open source software is coming to take your job soon. I guess the robots would also be the one buying their products my friends.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Industry fund strips union of board position after nuclear falloutNewly merged Brighter Super has stripped the Electrical Trades Union of its board position after the union criticised the fund’s CEO over her alleged support of nuclear power. Not too bright to take on a very big chunk of its membership, especially when it's a mutual. Wow. The hand that feeds … Hardly a merger, more like a takeover
Source: FinancialReview - 🏆 2. / 90 Read more »