‘We’re getting the blame’: Woodside’s Meg O’Neill slams push for power price caps

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‘We’re getting the blame’: Woodside’s Meg O’Neill slams push for power price caps
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‘We’re getting the blame’: Woodside’s Meg O’Neill slams push for power price caps | Jesinta Burton

the war-driven price shocks “bring into scope government intervention”, arguing government should look to reign in prices. There is speculation this could come in the form of a national reservation scheme or tax.

“Western Australia has to date been largely immune from the supply and price shocks we have seen on the east coast and internationally, through a combination of natural advantages and stable policy settings,” she said. O’Neill said more industry taxes weren’t the answer for the global energy crunch, highlighting Woodside had paid more than $2 billion in tax this year alone. She also called on the government to better support lower-carbon solutions, just weeks after the private sector was told it would have to go the energy transition alone and stripped $250 million in carbon capture grants from the budget.

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