Business
Coalition’s energy policy rooted in communist-style state control – The Australian Financial Review
Australia’s calamitous energy and climate policy is going from bad to worse with the government decision to build a $600m gas-fired power plant that will deter…
With the government moving further into the energy market via Snowy, projects like this and other potential private investments will become less financially attractive.
Some projects wont go ahead because the government will crowd out private investment.
The problem is amplified by the federal government in 2018 spending more than $6 billion to buy and expand the Snowy-Hydro power generator to alleviate energy market pressures on the east coast.
Ghastly cycle
Snowy will give the federal government…
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