Energy minister, Chris Bowen, says government’s job is protecting Australians, not maximising LNG companies’ profits
The Albanese government has hit back at LNG giants who equated a temporary cap on gas prices to nationalising the industry, with ministers dismissing the claims as shrill and laughable.regulatory intervention that passed parliament
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup He dismissed gas industry claims about Thursday’s intervention deterring new investment. “If Australia was a good place to invest in 2021, when the average price was $9.70, it’s a pretty good place to invest in 2023, when there is a 12-month limit of $12,” he said.The energy minister, Chris Bowen, launched a similar rebuttal, saying “that sort of shrill response is just laughable”.
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