ANALYSIS: Will global energy giants prevail as Australian gas prices soar even higher?
abc.net.au/news/gas-industry-scare-campaign-prices-soar-verrender/101676562It is a two-word slogan that drives fear into the hearts of our politicians and the general public.
Any government interference in the deal, he declared, would amount to "sovereign risk". Ultimately, Mr Albanese was forced by his own shareholders — and a rival offer from BHP — to can the deal himself. Somehow, that was okay.Gas is seen as a crucial bridging fuel to renewable energy. Interfering in gas exports — whether through quotas, export levies, taxes or any other action, to customers in China, Japan and South Korea — they argue, would damage the country's reputation as a reliable supplier and deter foreign investors.
It's worth remembering too that the east coast gas shortage began long before Vladimir Putin invaded Ukraine. Much of the blame for crippling price hikes can be sheeted home to the exporters who over-estimated how much gas they could extract and — when they couldn't access it — raided the domestic market for supplies.Traditionally, it was considered a measure of a country's ability to repay its debt. As the likelihood of default grows, lenders demand higher interest rates.
Major multinationals, however, have begun to bandy about the term more frequently on anything they deem may impact future earnings. And their lobbying campaigns have been incredibly successful.
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