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One Nation under fire for abandoning gas reservation plan in favour of policy benefiting Gina Rinehart

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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