18/07/24
Below is in response to news of Fortescue will pull back on Green Hydrogen ambitions.
My first thoughts are with the 700 workers who have lost their jobs and their families.
Twiggy’s abandonment of green hydrogen has blown a gaping hole in the Albanese Labor Government’s energy plans.
The collapse of this project is symptomatic of Labor’s failing all-eggs-in-one-basket ‘renewables only’ plan which is eating away at Australia’s energy future.
Labor thinks it’s picking winners, but we now know they are picking losers and it’s Australian taxpayers who are picking up the bill.
Despite offering billions in taxpayer funds these projects are still failing to get off the ground.
Labor’s ‘green hydrogen superpower’ vision is quickly turning into a ‘super-flop’.
The irony is, this is actually setting renewables up for failure, not success.
With the collapse of Labor’s green hydrogen plan and looming gas shortfalls, our energy security is under serious threat as the government continues to force 90% of Australia’s 24/7 reliable baseload energy out of the grid over the next decade.
If increasing gas supply was critical yesterday it is absolutely essential today as the hopes that green hydrogen can play a role in supporting supply fades.
The Coalition has long taken a sensible technology agnostic approach to energy and so we’ve always been happy to consider all technologies – including hydrogen,
In Government the Coalition strongly supported the development of the industry, which included significant funding into hydrogen hubs across the country.
We remain optimistic about the success of hydrogen in the long-term playing a role in our future energy mix but we will not follow Labor’s mistake of putting all its eggs in one basket.
ENDS
Contact: Ted O’Brien MP – Mitch Bland – 0401 257 064