Australians will pay more if Albanese fast-tracks fossil fuel projects, former oil and gas leaders warn
Former oil and gas industry leaders have warned the Albanese government that fast-tracking fossil fuel projects could lead to higher costs and ongoing price shocks for Australians. They argue that limited domestic oil reserves and long development timelines make such projects ineffective for improving fuel security. Instead, they advocate for accelerating renewable energy, modernising the grid, and supporting electrification to reduce reliance on fossil fuels.
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The Ampol Lytton Refinery in Brisbane. Former industry leaders say ‘fossil fuel lobbying has slowed the transition from petrostate to electrostate for decades at great cost to Australians’. Photograph: Darren England/AAPView image in fullscreenThe Ampol Lytton Refinery in Brisbane. Former industry leaders say ‘fossil fuel lobbying has slowed the transition from petrostate to electrostate for decades at great cost to Australians’. Photograph: Darren England/AAPFossil fuelsAustralians will pay more if Albanese fast-tracks fossil fuel projects, former oil and gas leaders warnExclusive: Government should back projects that prioritise renewables to protect consumers from ongoing price shocks, they say Get our breaking news email, free app or daily news podcast Adam Morton and Petra StockThu 30…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Guardian — World.
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