Category: Angus Taylor

Aussie PM Criticised for Lack of Concern Over NSW Flood Crisis

Australia’s Prime Minister Anthony Albanese has been criticised by one of his political opponents for putting his “reputation on the global stage” over the needs of New South Wales residents hit by the flood crisis. Currently, an estimated number of 32,000 people in the state have been evacuated and thousands of homes deluged. The Bureau…


High Commodity Prices Drive Australian Budget Improvement in May

The Australian federal budget improved considerably in May due to the extraordinarily high prices of the country’s commodities. In the latest monthly financial statement released by the Department of Finance, the underlying budget deficit reached $33.4 billion (US$23.11 billion) in the month, much lower than the $60.5 billion previously predicted in the 2021-2022 Revised Budget….


‘It’s Always About How’: Australian Shadow Treasurer Asks Government How It Will Achieve New Emissions Target

Australian shadow treasurer Angus Taylor has criticised the Labor government’s 43 percent emissions target, asking it to explain how it would ensure the needed power supply to businesses and homes. The comment comes after thousands of homes on Australia’s east coast were plunged into darkness on Monday as electricity suppliers struggled to meet demand as…


Industry Warns Australian Government Against Wage Increase After Aggressive Cash Rate Hike

Australia’s peak industry group said the country was at risk of a “death spiral” of wages, inflation, and interest rates. “We are unfortunately in a period where we are going to see increasing interest rates if we continue to see calls for wage increases that are not sustainable,” Australian Industry Group CEO Innes Willox told…


Labor Government Says Coal Fired Power Must Be Switched on to Deal With Soaring Energy Costs

The new Australian government has called on the energy producers to bring coal-fired power stations back online as the country continues to look for ways to deal with soaring energy prices. Resources Minister Madeline King told Radio National on June 7 that while meetings with gas producers like Santos had been constructive with some companies already…


All Future Coal, Gas, Oil Jobs Will Be Lost for Australia to Achieve Net Zero by 2050: Report

For Australia to achieve net zero by 2050, all coal, gas, and oil projects currently in the construction pipeline would need to be cancelled, according to a landmark report by the Institute of Public Affairs (IPA). “This research reveals that a policy of net zero emissions by 2050 will inflict significant and irreparable economic and…


Australian PM Introduces $250 Million Fuel Security Package

Australian Prime Minister Scott Morrison has announced measures to improve the country’s fuel security, including a $250 million (US$187 million) grant to two oil refineries on the third day of the election campaign. An Ampol facility in Brisbane and the Viva Energy refinery in Geelong will share the package, with each receiving $125 million to…


Australia Funds Critical Mineral Projects to Break China Reliance

The Australian federal government announced $243 million (US$176 million) in funding for four critical mineral refining projects to break the country’s near full reliance on China for the products. Prime Minister Scott Morrison said the projects, that are expected to create over 3,400 jobs, were key to securing domestic manufacturing in Australia. “These projects are…


Australian Government Will Not Share the Burden of Fuel Costs With Motorists

Australian motorists are not likely to receive any help with the sky-high petrol prices as the federal government will not halt fuel excise tax in next month’s federal budget. Prime Minister Scott Morrison said the fuel price was a global issue as crude oil just surged to over US$100 a barrel due to the Ukraine-Russia…


Australia Monitoring Global Energy Markets Following Breakout of Conflict in Ukraine

The Australian government is monitoring international energy markets after Russian President Vladimir Putin announced a “special military operation” in Ukraine and signalling the intent to move troops into the country. The latest move follows weeks of international opposition to Putin’s amassing of troops on the border and the recognition of two breakaway regions in eastern…