Anthony Albanese warns premiers businesses will collapse without intervention in energy market

She told reporters in Brisbane there would “have to be adequate compensation” if she were to agree to Albanese’s price cap proposal.

Asked to quantify the level of compensation Queensland was seeking, the premier said: “We’ll be working through all those issues as you can appreciate a lot of work has been going in on the weekend, and I can’t say anything further until we have the meeting on Wednesday”. The government has been pursuing price caps for coal and gas, and the intervention will also include making the gas industry code of conduct mandatory. Albanese said on Monday it was wrong for energy producers to bank a “massive windfall gain and that somehow that’s occurring at the same time as businesses and people are doing it tough”.Palaszczuk said on Monday east coast gas supply could be increased with better infrastructure if Albanese was prepared to pick up the tab.

So? Let them collapse. Get the government out of energy and get a truly competitive market.

Fixing the result of government intervention with more Government intervention…. What could go wrong?

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Albanese trying to ‘persuade’ NSW and Qld Premiers to introduce coal capsSky News Political Reporter Olivia Caisley says soaring energy bills are likely to be a key issue this week ahead of a National Cabinet “showdown”. “Prime Minister Anthony Albanese is trying to persuade NSW Premier Dominic Perrottet, and also Queensland Premier Annastacia Palaszczuk, to introduce coal caps in their states,” she said. “This is something they are pretty reluctant to do because it will result in lost revenue for them and they want to see some kind of financial compensation from the government.” It’s so funny how Labor lied to everyone just so they won the election. What’s even funnier is they are so brainwashed by lies and spin from government and the media they still don’t even realise it. With 95% 💉 we have successfully dumbed down society. 🤡🤡🐑🐑 Brasil luta por liberdade com nossos heróis que jamais aceitarão serem escravizados novamente. Espalhem para que o mundo saiba que o Brasil é uma Terra Livre.
Source: SkyNewsAust - 🏆 7. / 78 Read more »