The Albanese government has hit back at LNG giants who equated a temporary cap on gas prices to nationalising the industry, with ministers dismissing the claims as shrill and laughable.regulatory intervention that passed parliament
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup He dismissed gas industry claims about Thursday’s intervention deterring new investment. “If Australia was a good place to invest in 2021, when the average price was $9.70, it’s a pretty good place to invest in 2023, when there is a 12-month limit of $12,” he said.The energy minister, Chris Bowen, launched a similar rebuttal, saying “that sort of shrill response is just laughable”.
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Any government intervention in the market is socialist and evil.
We are going to see
The Australian government are at war with physics. It is laughable yes. Thermodynamics wins.
It's a bit of win-win in my mind. If the ALP is correct (very long odds) we'll all live happily every after. If they're not, it'll manifest pretty quickly & this will bury them into the next century.
This has proven that Labor lied to us all just to win the election. They never had a plan to lower energy or cost of living. You are the most useless government we have ever had and are destroying peoples lives.
Start to tax them heavy we need a generational sovereign fund for future generations.
You realise that the cost will simply have to be passed on to the consumers, right?