Climate Change and Energy Minister Chris Bowen says he doesn’t find the complaints from APPEA “convincing in the slightest” regarding the government’s coal and gas caps.
The government is set to meet in Parliament this week to put through a deal that will see gas prices capped at $12 a kilojoule and coal prices capped at $125 a tonne.
APPEA Chief Executive Samantha McCulloch spoke out against the government’s coal and gas caps, saying it will do the opposite of what is needed and destroy investor confidence.“This argument really goes to say ‘we believe we need profits as high as we can get during a war, during a global energy crisis for our industry to be viable’ – nobody is going to believe that because it’s not true,” he told Sky News Australia.
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