Why the energy war-profiteers should put up and shut up

Monday 12 December 2022

The federal government has announced a price cap on gas and coal to help ease the cost of energy.

While some of the details still need to be nutted out, Prime Minister Anthony Albanese said parliament will move to place a temporary cap on gas at $12 a gigajoule, and that states will be capping coal at $125 per tonne.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.