Energy Crisis Could ‘Hollow Out’ Australia’s Manufacturing Sector, Treasurer Warns

Started by Epoch-Times-Bot, Nov 22, 2022, 04:30 PM

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Epoch-Times-Bot

Nov 22, 2022, 04:30 PM
Energy Crisis Could 'Hollow Out' Australia's Manufacturing Sector, Treasurer Warns

Soaring energy prices could "hollow out" Australia's manufacturing sector in particular, but the government is trying to work out a solution, Treasurer Jim Chalmers said.
At an Australian Industry Group lunch in Canberra on Monday, Chalmers said he was preparing to announce temporary and sensible regulations to address the energy crisis.
"We don't want to see the hollowing out of our industrial base as a consequence of high energy prices brought about by Russian aggression. That's our starting point," he said, reported the Australian Financial Review.
Chalmers echoed what the prime minister previously said and indicated that the government would not choose to impose a tax on gas and coal super profits....

Source: Energy Crisis Could 'Hollow Out' Australia's Manufacturing Sector, Treasurer Warns

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