The headline in the AFR was Leadership spill: ‘Someone threw a grenade in the swamp’ – CEOs recoil, raising the spectre of capital flight.
APA Group chief executive Mick McCormack, whose company owns gas pipelines and is building wind and solar farms in Queensland and WA, said it was disappointing after the government secured “broad agreement” on the National Energy Guarantee to see “politics blow it up, destroy it, crush it”.
In fact:
- Ed McManus, chief executive of wind farm operator Kiwi-owned Meridian Energy Australia and its retail arm Powershop, raised the spectre of international capital flight in response to the chaos in Canberra.