Treasurer Jim Chalmers has shocked foreign investors in local mining, energy and infrastructure by imposing a retrospective capital gains tax dating back 20 years to raise billions of dollars for the federal budget, sparking warnings he is discouraging future investment in Australia.
Companies at the top of road transport supply chains such as Coles and Wesfarmers will be forced to cover the fuel cost rises of truckie owner-drivers under landmark orders proposed under Labor’s laws, as unions also seek to lift their minimum wage claim this year beyond 5 per cent.
While you are in Singapore perhaps you should ask your hosts why Australia, the most RESOURCE RICH country on earth and a NET EXPORTER of fossil fuels/energy, has to beg for essential liquid fuels from Singapore, a county with ZERO oil or gas of its own, Zero mineral resources, Zero raw materials for industry, and has to IMPORT EVERYTHING from food, fuel, minerals, metals, manufacturing inputs, building materials, and even has to import drinking water for its citizens?
Producers’ complaints about unwieldy and costly approvals processes have taken on an extra edge amid worries on domestic shortages and a global LNG squeeze.
Farmers in northern Victoria’s Dookie region said they were blindsided by plans to declare the area a Renewable Energy Zone, warning the move threatens some of the most productive cropping land in the state.
The war against the Iranian regime has laid bare Australia’s fuel folly. It’s time our leaders stop sacrificing energy security to appease the green gods.
The so-called ‘experts’ simply did not accept the possibility renewable energy would not replace fossil fuels.
In just two decades, Australia has gone from energy self-sufficiency to dangerous dependence. Like the US, we can turn it around. The question is, will we?
The country’s 25 SEZs have become a hub for commodity processing and high-tech industries
Every major energy crisis invites finger-pointing. In 2022, the world blamed Russia’s invasion of Ukraine for a spike in natural-gas prices. This time, it’s attributing the energy crisis to the war in Iran. But challenges in energy production and trade because of geopolitical tension are common.
An exclusive new poll shows seven in 10 voters want domestic oil production ramped up to improve Australia’s fuel security – and the majority disapprove of the PM’s handling of the fuel crisis.
The fuel access and price crisis that’s emerged this month driven by the Iran conflict is already taking a heavy toll on red meat supply chains.