tru energy pitching the woo

Gday ESGers,

Here is a great link to the transcript and video from McIndoe, TRU Energys CEO, and his comments on carbon pricing and its affect on investment in our industry group. TRU are important here because they are a large shareholder in ESG, about 38m worth in fact.

The follow on interview from David Veitch is also just as good.

So we know that govt has set a benchmark of NOT ABOVE $40/ton.

Comments in the interview to the effect of $25 will not break the coalies but $30-35 will is going to make every inch under 40 hard fought and won for generatrors.

The underlying message here is, the energy industry needs CERTAINTY with which to proceed.


Also some interesting ways to consider the comments on insufficient gas being available due to export. It is all getting snapped up and lack of certainty is also Guranteeing it will be driven off shore!!!!

ESG the biggest East Coaster remaining independent and uncommitted.

Cheers,

SF