Australia Backs $47 Billion Gas Sector's Role in Transition [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
latest shift by the center-left Labor government toward greater support for the fossil fuel. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Australia is calling for the development of new natural gas resources to ensure it remains affordable and the nation continues as a major exporter, the latest shift by the center-left Labor government toward greater support for the fossil fuel. The government will release a long-term framework, called the Future Gas Strategy, to establish gas's role in the transition to cleaner energy as it looks to meet a target for net zero by 2050. That will open it up to criticism to pandering to the A$72 billion ($47 billion) liquefied natural gas export industry, which argues that the nation faces a domestic shortfall as new projects have been stalled by onerous regulations. Article content Article content “The strategy makes it clear that gas will remain an impor
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