Anthony Albanese will meet the gas industry ahead of Thursday’s parliamentary vote, but is standing firm against threats to defer or reduce investment.
but is standing firm against threats by Shell and Woodside Energy to defer or reduce investment.
The NSW parliament, which must also reconvene to impose a 12-month, $125-per-tonne cap on coal used for power generation, will wait to see whether the federal legislation passes before also sitting before Christmas. “The policy will not address falling domestic gas supply and the increasingly critical role of gas in providing dispatchable power.”
“We will not see Australian industries close at the expense of gas company profits – we just won’t. Gas companies are entitled to protect their profits but not at the expense of Australian industry and Australian households.”
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