Coalition pledge to subsidise Australia’s most expensive form of energy makes ‘no sense’, Labor says

Chris Bowen questions why gas companies who already produce energy should get windfall gain under opposition’s planGet our breaking news email, free app or daily news podcast Labor says a Coalition pledge to offer subsidies to existing and new gas power plants makes “no sense” and would ensure fossil fuel plants that are already in the grid receive windfall gains.In a speech to an Australian Pipelines and Gas Association Convention in Adelaide, the opposition’s climate change and energy spokesperson, Ted O’Brien, said that gas would be “here to stay” under the Coalition.Sign up for Guardian Australia’s breaking news email Continue reading...

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Oct 16, 2024 - 03:00
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Coalition pledge to subsidise Australia’s most expensive form of energy makes ‘no sense’, Labor says

Chris Bowen questions why gas companies who already produce energy should get windfall gain under opposition’s plan

Labor says a Coalition pledge to offer subsidies to existing and new gas power plants makes “no sense” and would ensure fossil fuel plants that are already in the grid receive windfall gains.

In a speech to an Australian Pipelines and Gas Association Convention in Adelaide, the opposition’s climate change and energy spokesperson, Ted O’Brien, said that gas would be “here to stay” under the Coalition.

Sign up for Guardian Australia’s breaking news email Continue reading...

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