Taxing the energy industry won’t lower the cost it ‘will simply push the price up’

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Queensland Resources Council CEO Ian MacFarlane says he has never seen a “tax lower the cost of energy” and the proposal to put a tax on the energy industry like gas “will simply push the price up”.

3 minutes ago

“But that is not the biggest problem, the biggest problem is it will drive away future investment,” he told Sky News host Chris Smith. “Whatever energy plan you look at and whatever transition to renewable plan you look at … we need more gas generation not less in 2035.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ofcouse. You expect them to take a profit loss just for the people to survive? Lol

Hopefully it would push fossil fuels out of existence.

Energy lobbyist says he's against a super profits tax on the industry he lobbys for.. And you call that news?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines