Going to be very interesting to see how Government treats extensions to existing contracts that had extensions written into them from the start as long term energy supply contracts. Treat em as new contracts and foreign nations will choose other places to get energy when rst of world sorts itself out.
Large union based super funds IMO driving some of the narrative as where else do retiring politicians get work? The large super funds are very much geared to financing and investing in new energy and are now lining up for the payback and every citizen will bluntly just pay more for energy forever going forward. Massive electricity lines and other infustructure with costs partially subsidised but profits privatised or back through super. Super funds financing some of the "green" groups and obvious unions along with donations.
Australias international reputation as relaible and stable in regards to energy supplier are screwed going forward unless teh Government locks in a situation where contracts can't be forced to change retrospecticely.
Government has been totally opaque IMO. No industry will choose Australia for any processing or manufacturing so we are being back to mining raw materials rather than value adding. Massive ecconomic failure going forwards.
Greens are smilinga nd backslapping about some possible CO2 reduction in the future forgetting that there is no current alternative so we will still have a smuch CO2 but cost of energy will be up 40% and greater. Well done in crippling all industry and supporing foreign solar and wind manufacturers along with foreigh soverign wealth funds financing infustructure . It is a tax by stealth for little real change but soem feel good emotions.
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