Australia’s east coast energy market is facing a perfect storm of higher global LNG prices, volatile and intermittent renewables penetration, coal plant outages and extreme weather, increasing fears of gas shortages, spiking power bills and blackouts.
Australia’s richest woman has unveiled a sensational plan to use resources revenue to fund military upgrades including an “Israeli” missile deflection dome and compulsory military training.
Despite much hype, the much-vaunted green energy transition away from fossil fuels isn’t happening. Achieving a meaningful shift with current policies turns out to be unaffordably costly. We need to drastically change policy direction.
Outback mayor Trevor Pickering has hit the nail on the head – it’s time for politicians in Canberra and Brisbane to pay more than just lip service to the regions.
Mrs Rinehart said the elimination of the direct costs of payroll tax, licence fees and stamp duties is what would “actually help the farmer and those in the bush”.
We are seeing massive rates of business failure at the moment, the highest on record for some time, and our agricultural and mining industries are struggling with ever-increasing government-imposed burdens of tape and tax.
Agriculture and mining magnate Gina Rinehart says Australia risks killing “the geese laying the golden egg” as farmers struggle under the burdens of government red tape and tax.
The failure to sell green nickel to EV makers should have rung an early warning bell for investors, who had been told the world would demand metal with the lowest environmental impact because their cars were based on a similar claim.
Climate and Energy Minister Chris Bowen has talked a big game about the positive impact of wind and solar farms on regional communities in the energy transition to net-zero emissions.