First Test for Australia’s New Government Is an Energy Squeeze
- Administration asking gas producers to help ease supply crunch
- PM has pledged to accelerate renewable energy, emission cuts
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Australia’s new government, elected with a promise to accelerate a shift away from fossil fuels, is holding talks with oil and gas giants to ease an energy squeeze that’s delivered a first major test.
Officials are in discussions with companies on “how we can alleviate the immediate real pressure on businesses and households,” after gas prices surged and following warnings over some possible electricity outages, Prime Minister Anthony Albanese told ABC Radio Friday.