The apparent slip in bi-partisan support for the basin plan should cause concern to those interested in achieving environmental reform.
The danger to the plan comes, unfortunately, from Labor and its plan to move a motion to remove the cap on buybacks.
This seems to be a knee jerk and unnecessary response to publicity.
It’s unnecessary because the cap has not been reached and it is, in the longer term, not permanent.
There is room in the current cap for the next government to continue to undertake targeted buybacks and there is capacity to ensure the 605GL of supply measures are delivered.
Labor’s commitment should be to speed up the wheels of government on these projects, not push the blame, and the cost, on to people who have no control.
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