The NEG will get blocked in its current form, leading to the continued stalemate which results in higher energy prices (which isn't a bad thing for IFN cashflow on exiting assets).
It will either then become more favourable for renewable energy development or become a federal election issue next year. Labor are very clear about their pro-renewable energy policies. It's a shame for IFN that Labor have an unlikeable union hack running the party because if they had somebody palatable they'd surely win the next election and a golden age for renewable energy development would begin for Australia (though they'd probably ruin every other aspect of the Australian economy...).
ACT Government and local industry won’t back NEG in current form despite intense pressure, page-3
Currently unlisted. Proposed listing date: 25 JUNE 2025 11:00 AM AEST ##
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