Industry Minister Ed Husic is optimistic he will strike a deal with the Greens over the national reconstruction fund to create manufacturing jobs.
The Greens will force Labor to negotiate over its promised $15 billion national reconstruction fund after the Coalition refused to back it in the Senate.
The government will be forced to negotiate with the Senate crossbench to set up the manufacturing fund and the separate $10 billion Housing Australia Future Fund,setting the scene for amendments to how the funds are invested.
Many in the industry thought Madeleine King had been railroaded by her Labor colleagues but she says everyone has to compromise – ministers and miners alike.
A bill to create a mammoth National Reconstruction Fund will be put to parliament this week.
Federal Industry and Science Minister Ed Husic reveals his love of Tim Tams and the best piece of advice he ever received (which came from his mum).
The State of the Climate report contains dire warnings for Australia,with more droughts,heatwaves and bushfires on the cards,studded with heavier bursts of flooding rain.
Industry Minister Ed Husic’s outburst at gas company greed spurred a backlash,with the industry accusing him of “demonising and misrepresenting” the sector.
Having ruled out a windfall tax on gas companies reaping billions in extra profits,experts say the government must intervene to head off “untenable” power price spikes.
Coal and gas prices drive Australia’s soaring electricity bills and need to come down if Labor wants to reinvigorate the local manufacturing sector. Ministers have talked tough about the issue,now it’s time for them to act.
Power prices are set to keep rising to a point where market intervention against gas companies will become inevitable,an energy expert is warning.