Government stayed shallow on women s outcomes: Aware Super investordaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investordaily.com.au Daily Mail and Mail on Sunday newspapers.
Australia's government said on Wednesday it will build a taxpayer-funded A$600 million ($468 million) gas-fired power plant, arguing it is needed to drive down electricity prices, despite opposition from the power industry.
Net Zero: Australia doubles down on gas-fired recovery By iPolitics. Published on May 19, 2021 12:22pm
Today’s Net Zero is brought to you by iPoliticsLIVE. Join us May 20th at 9:30 a.m. ET for a transatlantic conversation between the European Union Ambassador to Canada and the Canadian Ambassador to the European Union about a sustainable recovery post-pandemic. Register here.
Welcome to Net Zero, your daily industry brief on clean energy and Canadian-resource politics.
The Lead
The new plant is part of the government’s “gas-fired recovery” from the pandemic, and is needed to avoid “unacceptable price increases,” Australian Energy and Emissions Reduction Minister Angus Taylor said in a statement.
Climate Council
An Appalling Decision: Federal Government To Fund New Gas Power Station
Energy and economics experts have slammed the Federal Government’s decision to fund another gas-fired power station in the Hunter region of New South Wales as a waste of taxpayer money that will push up electricity prices and worsen climate change.
The announcement was made on the same day the International Energy Agency advised that there can be no new gas, coal, or oil projects if the world is to achieve net zero emissions by 2050.
The Federal Government will spend up to $600m on the Kurri Kurri power station even though it makes no commercial sense and will be harmful to Australians.
Federal tax breaks to continue ute boom
Federal tax breaks to continue ute boom
May 12, 2021
Budget overlooks electric cars but all motorists to benefit from road infrastructure funding
The federal government’s big-spending budget has delivered good news for business owners with the extension of the instant asset write-off scheme that has been instrumental in stimulating strong growth in vehicle sales, particularly utes.
Now known as the ‘temporary full expensing’ measure, the write-off was introduced early in 2020 as the COVID-19 pandemic took hold in Australia (and was revised later in the year) to allow businesses with a turnover of up to $5 billion to write off the full value of an eligible asset such as a work vehicle.