China’s reopening has some positives for the Australian economy but will carry with it some negatives for the rest of the world.
The Greens,who will likely hold the crucial votes to pass the legislation in the Senate,have raised concerns that the changes let coal and gas companies “off the hook”.
The government’s deal with Greens to fund low-income households to switch from gas to electric appliances could create a clash with property investors.
NSW and Queensland own the gas and coal,so they have Canberra over a barrel. But they know they must cut a deal at Friday’s national cabinet meeting.
At the heart of this takeover tussle between billionaires Kerry Stokes and Gina Rinehart is a small gas exploration company and a bigger issue - energy security.
The federal treasurer says manufacturing will be crippled within years by soaring energy prices as he lays out justifications for market intervention.
How to respond when a shock rattles the economic holy grail of the price mechanism?
Freezing cold showers,there’s no gas,gas,gas.
The LNG giant’s boss Kevin Gallagher has said a decade of climate wars and energy policy failure have left Australia without affordable and reliable energy.
The hard truth for NSW and Victorian leaders in this energy crisis is that their fortunes are now in the hands of the premiers who sit in Brisbane,Perth and Adelaide.
The government has three key options to halt soaring prices for electricity and gas,and all of them have difficult consequences.