The new Labor Government and their Green Senate comrades have shown their true colours.
Mistrust of the Market System and wanting to impose something else .
I hope the Industry pushes back hard and the price caps are dropped at the end of 2023 but my gut tells me they could be extended .
Some commentators have said they are some of the worst regulations world wide .
Being pushed through with very little time for the Industry to give their response .
A short term populous solution to a looming long term problem .
Capital knows no International boundaries and the big players that will make the difference already have more potential projects than they have exploration budgets for .
The Greens hate Gas full stop .Even though it is now recognised as a necessary transition fuel throughout the world on the path to zero CO2.
Should not really affect MEL too much if at all as the JV will do a GSA for Odin gas leaving very little gas available for the spot market .
I wonder what the Queensland and NSW State Governments will have to say given their loss of revenue from coal .
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