Gas price hikes have industry pleading

While industry groups were focussing all their attention on the carbon price, something far more serious crept up on them – high gas prices.

A few weeks ago I wrote that Origin Energy’s CEO Grant King needed to be careful in attempting to scare people that the Renewable Energy Target and carbon pricing would push industry overseas. This was because rising gas prices (for which Origin is a major beneficiary) were a far greater threat to heavy industry.

Sure enough, yesterday a press release was put out by Manufacturing Australia (maybe a little ambitious a name considering it only has nine members) with the eye-popping headline:


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