Authorities have raised objections to the Palestine Action Group‘s planned demonstration scheduled for Sunday. Stay updated with the latest developments throughout the day.
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Is an East Coast Gas Reserve on Australia‘s Horizon?
Calls for establishing a dedicated gas reserve on Australia’s east coast are intensifying, driven by soaring gas prices. Notably, the CEO of Bluescope Steel voiced support for this initiative just yesterday.
We intend to undertake a thorough and methodical review. During the previous government term, we took decisive action to regulate gas prices in response to the global energy disruptions caused by Russia’s unlawful invasion of Ukraine. This intervention aimed to protect both households and industrial sectors.
Gas remains indispensable for various Australian industries and serves as a vital transitional energy source to reduce industrial emissions nationwide.
Given Australia’s significant role as a gas exporter, it is entirely reasonable for domestic industries and citizens to expect guaranteed access to adequate gas supplies.
This resource underpins a key industrial strength for the country. Australia also boasts extensive copper ore deposits, yet global market imbalances, subsidies in competing nations, and price volatility are creating unfair conditions for Australian copper producers. Addressing these challenges is essential.
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