Gas industry attempts to block price caps on fossil fuels shrugged off by Australian government
by Josh Butler and Peter Hannam from on (#66TNN)
Crossbenchers express surprise at lack of direct lobbying from resource companies who may have been blindsided by reasonable pricing' test
Gas industry concerns that price caps on fossil fuels will damage investment and supply have been shrugged off by the majority of parliament, with lobbying efforts from fossil fuel companies unsuccessful in scuppering Labor's plans.
Despite weeks of strong public criticism from coal and gas companies about the proposed price caps and increasingly apocalyptic claims of energy disasters if skyrocketing profits were reined in, the parliament will pass the government's proposal on Thursday.
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