Price caps are only the start of a long fight, warns gas industry

is just one of a series of planned policies with the potential to damage the industry,

“And I see no reason, there’s nothing in this legislation that should require that sort of conversation.” In addition, the industry, which described the recent wave of industrial relations changes as a “train wreck”, believes the second wave, which includes clamping down on the use of labour hire, will cause harm directly.Santos chief executive officer Kevin Gallagher was scathing of the price controls and said he would require specific assurances before developing the Narrabri gas field in NSW.

Both Mr Albanese and Treasurer Jim Chalmers dismissed such complaints, saying the gas companies would still make bountiful profits, but the current situation was untenable.

These people are like teenage boys no thought of the consequences of their actions they are definitely not chess players, it’s one move at a time without thing any further ahead

Do them no good.

Any further discussions from gas companies they need to provide real figures on their cost of production for y/e 6/22 and what did they budget for a ROE when the decided to invest?

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.

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 »