Australia's new de-carbonisation policy will block billions in new oil, gas and coal projects; PM Albanese says it's good for jobs

 by Ganesh Sahathevan    

       Albanese has yet to provide any estimate of the quantum of oil, gas and coal investments that will be lost as a result of his government's net zero policies, or of investment already lost

The Australian Government led by Labor Prime Minister Anthony Albanese has struck a deal with the Greens to pass Labor's plans to reduce carbon emissions. 
The Greens say the amendments they have secured will ensure at least half of the 116 fossil fuel projects in the pipeline won’t go ahead.
https://lnkd.in/gdpKjTsK

That means billions in lost investment, but PM Albanese says his deal with the Greens means more jobs.
https://lnkd.in/gRUj_WDD

As this writer noted almost a year ago   Indonesia, Malaysia and perhaps  Brunei  can easily replace any oil and gas that is excluded from international markets by a Labor-Green-Teal government which may ban new oil and gas fields, and possibly make further production and exploration uneconomic.

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