The gas industry is demanding an urgent meeting with the PM over legislation due in parliament this week. Follow the day’s news live
The Albanese government is facing heat from multiple directions over its energy price package, with the gas industry demanding an urgent meeting with the prime minister and the Greens saying the plan doesn’t go far enough.
Late last night the Australian Petroleum Production & Exploration Association (Appea) said it was even more concerned about the gas price cap now that it had read details of draft legislation that is set to go to federal parliament when it is recalled this Thursday.
Appea seeks an urgent meeting with Prime Minister Albanese so we can address the serious concerns we have over his proposed dismantling of the gas market and Australia’s reputation as an open, market-based economy.
The government said it was introducing a temporary price cap – but now we learn those caps can be extended and its mandatory code of conduct will have the ongoing power to regulate prices permanently.
There’s a number of elements that we want to work through. One is this suggestion that perhaps there might be compensation for coal corporations. We don’t support that. These greedy coal and gas corporations should be compensating the people not the other way around.
The level of compensation for people as obviously not as much as ours – $250 versus $750.
Continue reading…The gas industry is demanding an urgent meeting with the PM over legislation due in parliament this week. Follow the day’s news liveThe Albanese government is facing heat from multiple directions over its energy price package, with the gas industry demanding an urgent meeting with the prime minister and the Greens saying the plan doesn’t go far enough.Late last night the Australian Petroleum Production & Exploration Association (Appea) said it was even more concerned about the gas price cap now that it had read details of draft legislation that is set to go to federal parliament when it is recalled this Thursday.Appea seeks an urgent meeting with Prime Minister Albanese so we can address the serious concerns we have over his proposed dismantling of the gas market and Australia’s reputation as an open, market-based economy.The government said it was introducing a temporary price cap – but now we learn those caps can be extended and its mandatory code of conduct will have the ongoing power to regulate prices permanently. There’s a number of elements that we want to work through. One is this suggestion that perhaps there might be compensation for coal corporations. We don’t support that. These greedy coal and gas corporations should be compensating the people not the other way around.The level of compensation for people as obviously not as much as ours – $250 versus $750. Continue reading…