One Nation under fire for abandoning gas reservation plan in favour of policy benefiting Gina Rinehart
Summary
One Nation stopped supporting a gas reservation policy for Australia’s east coast, which would require gas exporters to sell some gas to local buyers. Instead, they now support a plan that helps companies like Senex, partly owned by billionaire Gina Rinehart. This change has caused criticism from government ministers and opposition politicians.Key Facts
- The Albanese government plans a gas reservation policy to make more gas available locally and lower prices.
- Pauline Hanson and One Nation supported this gas reservation policy until June.
- One Nation changed its position after talks with industry groups, saying the policy could harm Australian gas companies.
- Senex, a company 49% owned by Gina Rinehart’s Hancock Prospecting, opposes the reservation policy.
- One Nation received up to $2 million in gifts and donations linked to Hancock Prospecting and Rinehart’s associates.
- The Australian Resources Minister accused One Nation of siding with big business instead of Australian families.
- Some politicians believe One Nation’s change benefits Rinehart’s companies more than the public.
- One Nation now supports joint projects between government and industry to avoid a gas reservation policy.
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