AUST today (Extract):
TOUGH CHALLENGES LOOM AUSTRALIANS DON’T REALISE WHAT THE FUTURE HOLDS
Robert - Gottliebsen - The Australian 29 November
In the US, Donald Trump has prepared Americans for change. In Australia, Anthony Albanese has not explained what is ahead. Enterprises in both countries face difficult but different decisions.
The Sydney power crisis comes as Australian companies are actively reconsidering their future investment plans in the light of higher costs and legislated lower productivity.
In the US, companies are asking the same question against different criteria: “Do we invest on the basis of the shelter provided by the Trump tariffs, which may not last?”
The Sydney power crisis will be duplicated in Melbourne and will get worse because we have jeopardised our coal-based power and not implemented the plan to back renewables investment with gas power for fear of losing votes in green inner city seats.
And the whole renewables-gas plan will cost $660bn by 2050 and send power prices skyrocketing. This has not been explained to Australians. …….
WHC Price at posting:
$6.57 Sentiment: Hold Disclosure: Held
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