The government’s current energy policies are focused on “short-term political gain” at the expense of long-term costs, according to The Australian’s Environment Editor, Graham Lloyd.
Lloyd’s remarks come in response to EnergyQuest’s analysis, which shows that Labor’s intervention in Australia’s gas market is one of the most extreme examples globally and could discourage investment in new gas.
“The main concern they have is not so much the price cap for the next 12 months,” Mr Lloyd told Sky News host Peta Credlin. “It’s that going forward, the government is talking about a system of reasonable pricing which effectively means there will be a permanent cap.”
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