Labor’s New Energy Price Cap Will Drive Prices up and Alienate Investors, Opposition Leader Warns

Labor’s New Energy Price Cap Will Drive Prices up and Alienate Investors, Opposition Leader Warns
A light bulb is seen illuminated in Sydney, Australia, on June 22, 2022. Lisa Maree Williams/Getty Images
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Australian Opposition Leader Peter Dutton has warned the federal Labor government’s plan to impose a cap on gas and coal price will only exacerbate energy prices and push away investors, contrary to what the centre-left government has promised.

As the parliament is recalled to vote on the bill on Dec. 15, Labor’s energy relief plan has gained support from the left-wing Australian Greens, moving the plan one step closer to passing the parliament.

Nina Nguyen
Author
Nina Nguyen is a reporter based in Sydney. She covers Australian news with a focus on social, cultural, and identity issues. She is fluent in Vietnamese. Contact her at [email protected].
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