Business insolvencies increased 38% in year to May; foreign affairs minister says bolstering legal system will ‘strengthen security partnership’Get our morning and afternoon news emails, free app or daily news podcastWong on Coalition’s nuclear plans: ‘risky, expensive, and won’t work’The foreign minister, Penny Wong, has called Dutton’s nuclear plan “a risky and expensive gamble that won’t work.”It’s a risky and expensive gamble that won’t work. I mean that’s the reality. I mean this is decades of subsidy from Australians on, you know, infrastructure and technology we don’t have, in order to deliver higher electricity prices.We’ve seen what happens when the Coalition does this. They are so allergic to renewables. We saw under them coal-fire power exit the system because they gave the private sector no certainty. No-one was investing in energy, and now he wants to delay for decades and ensure that taxpayers stump up the money to build these plants. It’s risky, expensive, and won’t work. Continue reading…
Source link : https://www.theguardian.com/australia-news/live/2024/jun/20/australia-news-live-nuclear-power-peter-dutton-anthony-albanese-business-insolvencies-penny-wong-png
Author : Mostafa Rachwani
Publish date : 2024-06-19 21:46:01
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Australia news live: rising rates and prices pushing businesses to brink; Wong spruiks more PNG investment
