She declined to say how a lot compensation the state would wish, or in what type, however mentioned she would insist no Queenslander be left worse off.
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“Queenslanders own our assets,” Palaszczuk mentioned. “Some of those profits are going back to Queenslanders in terms of direct assistance for our households, to the tune in the last quarter of $175.
“There would have to be adequate compensation. As I said in the parliament last week, and I’ve stuck to my guns in relation to this, we would have to be very, very convinced that no Queenslander would be worse off.”
Palaszczuk reiterated Queensland was the “energy powerhouse of the nation” and southern states may take piped Queensland fuel in the event that they wished.
But different states, together with Victoria, are taking a dim view to Queensland’s argument that coal and fuel income have allowed the Queensland authorities to pay for state-based value of residing measures, mentioning that this compensation is coming on the expense of upper costs confronted by customers across the nation.
Victoria additionally accused Australia’s three massive fuel exporters of profiteering off Russia’s invasion of Ukraine, and ramped up calls for for an settlement this week to drive down power payments for customers and companies.
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Victoria Premier Daniel Andrews mentioned it was “just so wrong” that massive fuel corporations have been basically benefiting from a warfare on the opposite aspect of the world.
“Their cost of production hasn’t gone up $1, and yet they want Victorians and people in every part of our country to be paying European prices because of a war in Ukraine,” Andrews mentioned. “That’s a terrible thing.” “When your costs haven’t gone up, the notion that we’re paying through the nose, so you don’t send it to Europe, doesn’t make any sense at all.”
Victoria’s power minister Lily D’Ambrosio mentioned an settlement was wanted this week to cease “price gouging” – a time period describing a scenario the place a vendor exploits a catastrophe by driving up costs to an unconscionable stage.
In the absence of a nationwide settlement, the Victorian authorities has to this point been reluctant to match its powerful rhetoric with a selected proposal to drive down costs. But D’Ambrosio mentioned in an announcement all choices have been on the desk, together with capping costs and organising a “robust” home fuel reserve, which might give Australian fuel customers first dibs forward of worldwide clients.
Cut via the noise of federal politics with news, views and skilled evaluation from Jacqueline Maley. Subscribers can signal as much as our weekly Inside Politics publication right here.
