Government ‘staring down’ gas and energy supply companies

Sky News Political Report Joel Philp says the government has been “staring down” gas companies like Shell and Woodside Energy who have threatened to withdraw from landmark gas supply deal.

“Energy Minister Chris Bowen … saying well the CEO of these companies need to look to maximise their profits, but the government has a duty in shielding the Australian public from these inflationary spikes,” he said.

This is a government create issue, so let's not blame the gas companies. We need to move away from this current madness under the Climate Change wokness. Build nuclear plants & get back to looking after the taxpayers who employ the Government. Labor do you job we are your boss.

Yep, I remember how well staring down Holden went for the Libs. Companies go were they can make a decent profit, we are a Free Market, not Communist or Socialist.

Makes you wonder why no-one in Cabinet was 'staring down' Woodside and Conoco-Philips when they were about to rip off our impoverished next-door neighbours in East Timor. Maybe they were already 'staring down' the fat pay packets they would receive as consultants.

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Greens support needed to pass price caps as Coalition moves for coal company compensationSky News Political Reporter Joel Philp says support from the Greens is needed to pass energy legislation, as the Coalition wants compensation for coal companies if operating costs are above price caps. “Any companies which have an operating cost which is above that cap, those companies could be compensated in negotiations,” Mr Philp said. “The Greens say they don’t want that to occur, that fossil fuels companies shouldn’t be compensated.” How can the government legally cap prices (lower profits) and not provide compensation? Gotta love when even Labor can’t crack a deal with the Greens. They are so unrealistic and narrow minded.
Source: SkyNewsAust - 🏆 7. / 78 Read more »