A high-powered showdown
The Albanese Government is facing a battle to get its energy plans green-lit… The plan agreed by National Cabinet on Friday to cap the price of gas is due to hit the Federal Parliament on Thursday (note: NSW and Queensland are looking after the coal price cap). But Adam Bandt says the Greens won’t support it if there’s “compensation” for the mining/extraction companies. Instead, he wants the companies to pay for household relief in the form of a profits tax. The numbers are tight in the Senate and there’s some wheeling and dealing, but Albanese says the government might make “payments” to ensure supply, given coal and gas underpin the production of most of our electricity. If it’s enough to make you doubt the future of the energy merry-go-round, here’s a positive development… Scientists have made a breakthrough in a decades-long project that’s cost billions to create zero-carbon power. Here’s a good explainer, and reports say the US Government will talk it up on Tuesday their time.
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