Editorial: Gas shortage shows the need to cut green tape

It’s a pre-Christmas surprise that will add even more stress to families struggling to balance the household budget The independent Australian Energy Market Operator says WA is likely to face a gas shortage next year, pushing prices higher amid an already crushing cost-of-living crisis . And the budget pain won’t only be felt through the household gas bill. The gas shortage will also affect manufacturers and businesses. That means it could cause the cost of just about everything to rise.

GAS CRUCIAL TO AUSTRALIA FOR DECADES TO COME, MODELLING REVEALS

Australia will likely need gas for electricity, industry and exports for decades to come and politicians have been warned not to shut down technology options too early, new modelling reveals.“Preparing for only one pathway leaves Australia extremely vulnerable to developments that are outside Australia’s control,” the report says. “Should any energy pathway or technology face challenges in its deployment, it will be critical to have alternative energy sources in the mix to maintain energy security and affordability and to keep emissions reductions efforts on track.”

Projects regulated to death

As the minister overseeing the process, he has been unable to effect any real change in seven years, so there’s little confidence that change will happen quickly. According to the CCIWA, there are about $381 billion of investment projects in the pipeline that are yet to receive environmental approval that could create an estimated 106,000 jobs. Of those the CCIWA surveyed, 40 per cent were at risk of abandoning their project due to longer-than expected approval times. As outlined in the WA CCI’s Green Web report, businesses have described working with the State Environmental Protection Authority as “laborious and frustrating” with “ever-changing guidelines and shifting goal posts”. Currently, the normal expectation for a mine to come online is eight to 10 years, double traditional expectations of four to five years.

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Gina’s Christmas wish

Australia’s richest person has called on the federal government to give the nation a “Christmas bonus” in the form of a petrol excise tax cut to deal with spiralling costs, as “woke agendas” threaten Aussie living standards. “Every few dollars counts for people in tough times,” Mrs Rinehart told The Daily Telegraph. “With the stroke of a pen, the government could deliver minor short-term relief to millions by cutting the petrol tax for households.

Gina’s call for xmas fuel relief

Australians should receive a “much-needed” Christmas bonus from the Federal Government, in the form of another fuel excise cut for December, mining billionaire Gina Rinehart believes. Speaking out after hearing about the impact of cost-of-living rises from West Australians at the National Agriculture and Related Industries Day, Mrs Rinehart said halving the 44.2¢ a litre excise would provide relief. Former prime minister Scott Morrison’s government halved the fuel excise to 22.1¢ a litre in March last year, offering six months of cost-of-living relief to drivers.

‘Woke minorities’ – Gina Rinehart drops some truth bombs

Australia’s richest person, Gina Rinehart, has earned some high praise after making some big calls on what the government can do to help Aussies out with the rising cost of living and dealing with noisy public activism.

Gina’s xmas wish for nation

Australia's richest woman has called on the government to give the nation a "Christmas bonus" in the form of a petrol tax excise cut at a time when people are struggling to deal with spiralling costs and said the "woke" agenda threatened living standards. "Every few dollars counts for people in tough times," Mrs Rinehart told The Advertiser in an exclusive interview.

Hancock Energy is a Hancock Prospecting company.

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