The AFR and the Australian have launched an all-out assault against the Albanese Government’s timid energy market intervention.
The AFR View headlines the idiocy, claiming Labor is “reverting to its worst anti-business, pro-regulation, big-government instincts” and warns of “sovereign and political risk jeopardising investment in the new gas supply that is needed to sustainably bring down prices and help keep the lights on”:
This is baselessly demonising the gas producers, many of them Australian-owned, that have invested tens of billions of dollars of risk capital – often for low or no returns during periods of low global prices – while developing Australia into an LNG exporting global powerhouse…
