Gas giants misled governments and it is costing Australian jobs, ACCC boss says

The head of Australia’s consumer watchdog has slammed the gas industry, accusing it of misleading governments into approving massive gas export projects that have led to soaring power prices, killing off companies and jobs.

ACCC boss Rod Sims says consumers paid the price when gas companies convinced governments of the need for massive export projects; Some experts now say the economic risks of opening up Australia’s gas supplies were grossly underestimated; Despite being the biggest exporter of gas in the world, Australia is looking to import large quantities of gas to cope with a looming domestic shortfall

Read article: ABC
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