Recent legislative action to curtail the power of the gas and coal industry are a glimmer of progress but more needs to be done
In 2022 the world experienced a global energy crisis caused by Russia’s illegal invasion of Ukraine, and the gas industry has seen this as a massive opportunity for expansion. Governments scrambling to replace Russian gas haveWithin Australia, the gas industry has run rampant with excessive windfall profits while calling for massive expansion development and increased LNG exports.
against Clive Palmer’s Waratah coalmine, part of the Galilee basin. The court found that the 1.58 gigatonnes of carbon emissions that will come from its development globally pose unacceptable risks. If this happens, there’s a serious risk the whole scheme will be viewed simply as a licensing system for increased fossil fuel production rather than one that actually results in real emission reductions. Some have labelled this as “Australia has a terrible, 30-year history of claiming to meet its targets through dodgy accounting and, more recently, through offsets, but this cannot continue.
Right in the last week before the Australian silly season fully kicked off the Albanese government took legislative action to curtail the power of the gas and coal industry putting in place price caps and a reasonable price test, which led to outcries of “Armageddon” and Soviet-style command and control from the gas industry, and declarations of the “end of gas” from the Greens in the federal parliament.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Some trying to ‘cancel’ one of the ‘greatest Australians’ Donald BradmanFederal Liberal Party Vice President Teena McQueen says legendary cricketer Don Bradman had “very decent policies” and presented them in a “very sane manner”. The Sydney Morning Herald recently published a letter Mr Bradman sent to Malcolm Fraser in 1975, where he slammed inflation and said the government needs to be held accountable which has attracted controversy on social media. “It’s absolutely disgraceful that they are now trying to cancel one of the greatest Australians,” Ms McQueen told Sky News host Rita Panahi.
Read more »
Remembering the famous Australians who died in 2022Australia lost two of its greatest Indigenous artists, plus witnessed the shock early deaths of serving politicians and sporting greats.
Read more »
Australians have given the Labor government a ‘big tick’Former Labor Senator Stephen Conroy says Australians are relieved that an 'adult is in charge' as the latest Newspoll reveals Anthony Albanese has strengthened his lead as preferred prime minister. “You’ve got a Cabinet that has more experience coming into government than any cabinet in 25 or 30 years,” Mr Conroy told Sky News Australia. 'You’ve got a leader running a proper Cabinet government, not signing himself up as five ministers. 'I think the Australian public have gone, 'big tick'.'
Read more »
Boxing Day sales set to be 'last hurrah' as cost of living bitesRising interest rates and high inflation are likely to take a big bite out of household budgets come the new year, experts say. 9News
Read more »