Rising Energy Costs
In this episode of The Court of Public Opinion, Jeremy Cordeaux and guest Les Elekes dive into the ongoing issue of rising energy costs in Australia.
Les shares his frustration, stating,“My bill went up $100 in a quarter, and that’s with solar panels.”
Despite efforts to reduce energy consumption and implement sustainable solutions, many Australians are still feeling the pinch. Jeremy notes that the rising costs are hitting households and businesses alike, with no real end in sight.
The discussion shifts to the impact of foreign ownership on Australia’s energy sector. Both Jeremy and Les agree that the ownership of critical infrastructure by foreign entities is contributing to the problem. The rise in electricity prices, they argue, is a symptom of deeper issues within the industry.
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Foreign Interests Dominate Australia’s Energy Sector
Maria, a regular caller to the show, weighs in on the conversation.
“A lot of this revenue is going overseas,” she points out, highlighting how much of Australia’s energy infrastructure is controlled by foreign companies.
This foreign domination of the sector means that profits generated from Australian energy are often funnelled offshore, leaving local consumers to bear the brunt of rising costs. Maria’s point resonates with both Jeremy and Les, who share her concerns about how foreign interests are influencing Australia’s energy landscape.
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Pic: http://revetec.com/Energy_Company_Ownership
Les adds that the profits made from Australian resources should benefit Australians first.
“We’ve got the resources, but we don’t have control over them,” he states. Arguing that foreign ownership is preventing the nation from achieving true independence.
Australians face higher electricity bills and feel the economic strain. The question arises: how can the country regain control over its own energy future?
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The Call for Reform
Jeremy wraps up the conversation by calling for significant reform in the sector.
“We need a stake in this revenue,” Jeremy says.
Jeremy suggests that Australia should reclaim ownership of its energy infrastructure to ensure that profits remain within the country.
Both Jeremy and Les agree that the current situation is unsustainable. And that immediate action is required to protect Australian consumers from further financial hardship.
As foreign ownership continues to dominate the sector, the need for reform becomes more pressing. Will Australia take back control of its energy resources, or will rising costs continue to burden the public?
Topic time in podcast and video: 06:57 – 09:11
