Opinion

There’s a simple way to reduce gas prices: drill more gas

Now that energy reality is biting, the government should make a U-turn on its plans for a European-style transition.

Nyunggai Warren MundineBusinessman and Indigenous advocate

Oct 18, 2022 – 12.14pm

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Five months in and reality is coming in hard for Australia’s new government.

Having rolled into office on a wave of misplaced hysteria about imminent world destruction, and ably assisted by state governments and woke corporate, the federal Labor government has been quick to set Australia on course for a European-style energy transition: accelerated shutdown of the coal-fired plants that produce most of Australia’s electricity; encouraging the shift to electric cars that will increase electricity demand; and pushing for the mass rollout of wind and solar.

Nyunggai Warren Mundine AO is Executive Chairman at Nyungga Black Group Pty Ltd and a former advisor to four prime ministers. He is also a former national president of the Australian Labor Party and a former candidate for the Liberal Party.