Smart energy industry ‘worried’ that the gas industry will underminine the government’s energy relief
“The gas industry has come out and said $20 million of the super profits that they’ve made to invest into a campaign to try and undermine this bill to actually attack the government, have it repelled to secure those profits for the long term,” Mr Grimes told Sky News Australia.
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The government is attempting to compulsorily acquire parts of the gas industry without paying compensation.
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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.”
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