Australia’s Carbon Policy May Sap Investment, TRUenergy Says

Australia’s carbon-tax policy is discouraging investment in the nation’s power industry, resulting in possible shortages in as little as five years, electricity supplier TRUenergy Holdings Pty said.

A lack of detail on the government’s carbon-tax plan beyond the next three years may damage an industry that depends on certainty over a much longer period to attract investment, TRUenergy Managing Director Richard McIndoe said in an interview on Australian Broadcasting Corp’s “Inside Business” program yesterday. Hong Kong’s CLP Holdings Ltd. owns Melbourne-based TRUenergy.