Australia news live: Albanese government faces heat over energy plan as gas industry and Greens push back

The gas industry is demanding an urgent meeting with the PM over legislation due in parliament this week. Follow the day’s news live

With the Coalition fiercely critical of the package, the Greens sense an opportunity to use their influence as a crucial voting bloc in the Senate to push the government to make changes.

The Greens said yesterday they would “oppose any compensation to coal corporations, and coal and gas corporations should instead fund higher levels of price bill relief through a windfall tax”.

Appea seeks an urgent meeting with Prime Minister Albanese so we can address the serious concerns we have over his proposed dismantling of the gas market and Australia’s reputation as an open, market-based economy.

The government said it was introducing a temporary price cap – but now we learn those caps can be extended and its mandatory code of conduct will have the ongoing power to regulate prices permanently.

Continue reading...

from World news | The Guardian https://ift.tt/cWX5QFE