Take note of energy doomsayers and hold them to account, AWU urges

The Australian Workers' Union is urging people to take note of the doom-laden predictions of the gas industry and the Federal Opposition so they can be contrasted with reality, following the passing of the Albanese Government's price cap legislation through parliament today. Although the legislation was supported by all crossbench members, the gas lobby and the Coalition have boldly predicted a broad range of catastrophic scenarios for the Australian economy. AWU National Secretary Daniel Walton says these predictions should be carefully noted so they can be compared to reality as it unfolds. "Here's my prediction for what will happen as a result of this apparently terrifying new legislation: the price of gas and coal will fall, consumers will feel relief, and the manufacturing industry will gain the confidence to keep operating and investing in Australia," he said. "The multinational energy exporters, who are currently hyperventilating and feeding the Opposition talking points, will continue to make massive profits. The world will keep turning. Australia's orderly transition to a clean energy future will continue. "Those out there hyperventilating about 'a war on gas exporters' and 'Marxism' and whatever other nonsense they've pumped into the media this week will pull their heads in as they're forced to acknowledge the embarrassing size of their profits. "The Albanese Government and the crossbenchers are to be commended for seeing through the hyperbolic nonsense of the exporters and legislating in the national interest."