Chicken Chalmers recycles gas cartel taxes for power bill relief

Monday 8 May 2023

Gas cartel groveller, the AFR, reports:

Several large east coast gas producers look set to defy the Albanese government and will not submit gas supply commitments by Monday’s deadline as they wrangle with proposed price control rules that they regard as unworkable.

At least three big producers covered by the proposed mandatory Code of Conduct are not intending to make commitments to supply a certain volume of gas at a certain price by the May 8 date set by government, according to industry sources.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.