Wednesday, 22 August 2018
Questions without Notice
My question is to the Minister representing the Prime Minister, Senator Cormann. On Monday, in the face of an outright revolt within his own party room, the Prime Minister junked his government's National Energy Guarantee, the third energy policy that he's walked away from just this year. The chief executive of the Business Council, Jennifer Westacott, said the Prime Minister's capitulation would exacerbate sovereign risk and would 'discourage investment in urgently needed dispatchable power, with serious consequences for prices and reliability down the track'. After junking the emissions reduction target, then the clean energy target and then the National Energy Guarantee just this year, isn't it clear the Turnbull government's division and dysfunction are pushing up power bills and damaging investment in energy?