This decision made without any scientific basis puts the long term viability of Victoria’s affordable energy supply into question. It will ripple through the state’s economy and impact on all large gas users including manufacturers, fertiliser producers and the construction industry. Bad policy is often re-written, but once manufacturing jobs are lost they rarely come back.
Successive governments have stifled the development of new gas supply in Victoria, despite the scientific evidence, and all Victorians will pay for this in their energy bills going forward.
Shell has no interests in Victoria’s gas industry, and will continue to invest billions of dollars in its gas business in Queensland and Western Australia – creating thousands of well paid jobs in regional areas.
- ENDS -
- Quotes can be attributed to Andrew Smith, chairman of Shell Australia