Greens Energy Plan Would ‘Devastate the Economy,’ New Report Says

An immediate ban on new coal, oil, and gas infrastructure, as called for by the Greens, would lead to blackouts, a study by consultancy EnergyQuest says.

The Wheatstone offshore platform is the largest offshore gas-processing platform ever installed in Australia in Western Australia. Courtesy of Chevron Australia Pty Ltd

A study by consultancy firm EnergyQuest predicts that following the Greens’ renewable energy policy would lead to “blackouts ... for millions of homes and businesses in southeastern Australia in as little as two years,” adding that halting investment in gas supply would also “devastate the economy.”

The report was commissioned by Australian Energy Producers, the peak body for Australia’s oil and gas industry.