Today’s AFR carries an article Investors warn of consequences of cutting electricity retailer margins (the print version was “‘Crazy’ to target energy retail margins, warn big investors”):
Big investors have slammed the Morrison government’s “big stick” approach to the electricity sector, saying any move to force companies to cut prices will have a major impact on profits, future investment and result in less competition in the long term. Continue reading Big investors slam ‘big stick’ approach
That was the headline in the dead tree version of the AFR. Bill Ferris is the outgoing Science and Innovation Australia chair. He says he didn’t find the Coalition government’s rewriting of the ACCC report to support coal-fired power a helpful signal, but:
The Liberal party has changed leader, in part because of climate change, and are now proceeding with pretty much the final policy landed upon by Malcolm Turnbull, with a couple of significant twists. We now have a very explicit instruction that energy prices along with keeping the lights on are the main game, while emissions reductions can be safely put off to the never-never.
The Coalition government under Scott Morrison is now almost completely isolated on energy and climate change. Compared to adult countries we look completely foolish, The question remains whether the main actors, the states and the corporates investing in the system, can move forward regardless. Continue reading Reconnecting climate change politics with reality
Or does it?
The Betoota Advocate says:
In breaking news out of the nation’s capital, a rich white dude from Sydney has replaced another rich white dude from Sydney as the Prime Minister.
in even more sensational news, a rich white woman has been replaced by a rich white man for the Deputy Prime Ministership, with Josh Frydenberg taking over from Julie Bishop.
Scott Morrison, the new rich dude, is selling himself as a generational change and it’s all about you, the voter. A 64 year-old and a 62 year-old have been replaced by a 50 year-old and a 47 year-old.
Certainly we dodged a bullet in what may have been Malcolm Turnbull’s finest hour in thwarting Peter Dutton’s rebellion. So where does that leave us, especially in relation to climate change? Continue reading Liberal Party shootout brings changing of the guard