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

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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.”

 

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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?

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