Business
Gas-led recovery won’t amount to much: Garnaut – The Australian Financial Review
The gas led COVID-19 recovery will be handicapped by high east coast gas prices says Ross Garnaut, who has taken his ZEN Energy back from Sanjeev Gupta’s Liberty Steel.
Professor Garnaut and Mr Spencer joined forces with Mr Gupta in 2017 to form SIMEC ZEN Energy. At the time they outlined an ambitious $1 billion slate of solar, battery and pumped hydro projects for the Whyalla steelworks and other steel businesses of the former Arrium steel company which Mr Gupta’s interests bought from administrators earlier that year.
However Professor Garnaut and Mr Spencer also wanted to offer low-cost clean energy to third parties in Australia and they have spent the last…
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