WEBVTT - The Rita Panahi Show | 29 April 0:00:02.840 --> 0:00:07.280 On skying loads Ostrodia. This is the Wader Panalty Show. 0:00:08.760 --> 0:00:11.440 Good evening and welcome to the Rita Panicky Show. Coming 0:00:11.520 --> 0:00:14.800 up tonight, the Prime Minister flounders when asked a simple 0:00:14.880 --> 0:00:18.400 question about the power prices. Patrick Carline will be here 0:00:18.400 --> 0:00:23.400 to cover the day's top headlines, including Adam Vans ABC tantrum, 0:00:23.960 --> 0:00:27.319 tens of millions plunged into darkness across a number of 0:00:27.320 --> 0:00:28.320 countries in Europe. 0:00:28.320 --> 0:00:30.240 I'll speak to an expert about whether. 0:00:30.200 --> 0:00:34.120 Renewables are to blame. Kosher Gator has the latest from 0:00:34.159 --> 0:00:37.120 the US as President Donald Trump notches up one hundred 0:00:37.240 --> 0:00:41.519 days in office, and Stephanie Bastian should be here to 0:00:41.560 --> 0:00:45.000 talk about a male athlete playing netball in a women's 0:00:45.000 --> 0:00:48.360 competition and we never neglect that he's losing it. Tonight 0:00:48.520 --> 0:00:51.960 starring this confused lass who seems to think that there's 0:00:51.960 --> 0:00:54.240 no difference between a fetus and. 0:00:54.280 --> 0:00:58.600 Assist abortion is anything. If I had a cessed on 0:00:58.880 --> 0:01:01.800 my uterus that would be considered an abortion. 0:01:03.040 --> 0:01:04.800 Yes, but first. 0:01:04.840 --> 0:01:08.440 Simon Holmes Accord, the man behind the Till movement, has 0:01:08.480 --> 0:01:12.040 issued an eleventh hour plea to support us to funnel 0:01:12.080 --> 0:01:16.119 even more money into Climbate two hundreds million dollar fighting fund. 0:01:16.720 --> 0:01:20.160 He's been warning that the Till's enemies had been underestimated 0:01:20.319 --> 0:01:24.600 and that four MPs, in particular Monique Ryan, Zoey Daniels, 0:01:24.600 --> 0:01:28.520 Sophie Scamps and Kate Cheney, are at risk of losing 0:01:28.560 --> 0:01:32.720 their seats. This comes after volunteers for TILL MP Monique 0:01:32.800 --> 0:01:36.840 Ryan were films saying they were instructed to vote for 0:01:36.959 --> 0:01:41.080 her by the Hubei Association, an organization which has in 0:01:41.120 --> 0:01:45.320 the past been accused of working with the United Front Department, 0:01:45.360 --> 0:01:50.640 a Chinese Communist Party agency tasks with carrying out Beijing's 0:01:50.760 --> 0:01:55.720 foreign influence operations. Monique Ryan has distanced her self from 0:01:55.800 --> 0:01:58.920 the volunteers, claiming that she doesn't know them. 0:01:59.400 --> 0:02:02.040 Joining me now for more on this, There's News. 0:02:01.720 --> 0:02:06.640 Corpse senior writer Patrick Carl and Patrick are the Tills 0:02:06.720 --> 0:02:11.080 in trouble. Some like Zoe Daniel have flown under the radar, 0:02:11.280 --> 0:02:14.200 while Monique Ryan, she seems to be a bit of 0:02:14.200 --> 0:02:15.240 a headline magnet. 0:02:15.600 --> 0:02:18.440 Well, she's had a muddled campaign, if you want to 0:02:18.440 --> 0:02:21.080 put it like that. There's been so many awkward moments 0:02:21.080 --> 0:02:24.720 for Monique Ryan. She's been very visible, very busy, but 0:02:24.880 --> 0:02:28.160 starting with her husband, I think been caught ripping out 0:02:28.160 --> 0:02:29.080 the campaign sign. 0:02:29.720 --> 0:02:30.440 It hasn't gone the. 0:02:30.400 --> 0:02:32.880 Way that they would have hoped, and look, the world 0:02:32.880 --> 0:02:35.600 has changed since twenty twenty two. I think the Till 0:02:35.960 --> 0:02:39.320 vote back then was in a reflex almost to the 0:02:39.600 --> 0:02:42.800 disdain that so many people felt for Scott Morrison and 0:02:42.840 --> 0:02:46.600 for Scott Morrison's government. Climate change was a very big 0:02:46.600 --> 0:02:48.640 issue then. It's still a big issue, but it's not 0:02:48.680 --> 0:02:51.639 in the top five as we speak, so that hit 0:02:51.760 --> 0:02:54.480 headwinds in a way that they certainly didn't face in 0:02:54.520 --> 0:02:55.280 twenty twenty two. 0:02:55.960 --> 0:02:58.280 I think there'd been a lot more trouble if the 0:02:58.360 --> 0:03:03.160 Coalition mounted a stronger campaign on energy policy, because cost 0:03:03.200 --> 0:03:08.320 of living is such a huge issue, and we've seen 0:03:08.360 --> 0:03:13.120 the tlmps show that they're not conservative alternatives. They're far 0:03:13.240 --> 0:03:16.160 closer to the Greens than they are to the Coalition, 0:03:16.800 --> 0:03:19.520 and that was the cell. Initially, this was supposed to 0:03:19.560 --> 0:03:26.320 be an alternative for disenchanted liberal voters, Coalition voters, but 0:03:26.440 --> 0:03:30.399 when you look at how they're voted, their voting record, 0:03:31.040 --> 0:03:33.040 I mean you might as be voting for the Greens. 0:03:33.440 --> 0:03:36.640 Well, we've had three years of reality since I've been elected, 0:03:37.040 --> 0:03:41.400 and we've seen that those ideals that they talked about transparency, 0:03:41.440 --> 0:03:45.480 they talked about accountability, ability in politics, and those really 0:03:45.480 --> 0:03:48.520 did appeal, as I was saying before, because Scott Morrison 0:03:48.600 --> 0:03:50.360 didn't seem to represent those things. 0:03:50.600 --> 0:03:51.800 The world has changed a lot. 0:03:52.320 --> 0:03:55.400 You've had issues of transparency with some of the campaigns 0:03:56.600 --> 0:03:59.320 and it will be really interested to see how they go. 0:03:59.400 --> 0:04:01.160 It's one of the the big questions I think for 0:04:01.240 --> 0:04:02.000 Saturday Night. 0:04:02.720 --> 0:04:03.360 How do they go? 0:04:04.400 --> 0:04:08.760 Now, I'm going to play you an extraordinary little exchange. 0:04:08.920 --> 0:04:10.280 Listen here to two. 0:04:10.360 --> 0:04:14.840 JB's Mark Levy put pressure on the Prime Minister over 0:04:15.040 --> 0:04:19.320 power prices and his personal property. One minute he says 0:04:19.360 --> 0:04:21.640 he doesn't have a private property. 0:04:21.720 --> 0:04:22.880 In the next minute. 0:04:22.600 --> 0:04:25.799 He does, you do have a personal property in Sydney? 0:04:25.839 --> 0:04:27.560 Has your electricity bill gone up or down? 0:04:29.680 --> 0:04:34.359 Obviously? I am live a life of privilege serving in 0:04:34.400 --> 0:04:34.880 the lodge. 0:04:35.200 --> 0:04:37.400 Simple question there, while we have a private property, the 0:04:37.480 --> 0:04:39.520 Prime minis has gone up all down your electricity bill? 0:04:40.000 --> 0:04:41.880 Well, I don't have a private property. 0:04:42.080 --> 0:04:45.120 What I do is have So you don't have a 0:04:45.160 --> 0:04:50.080 residence anywhere apart from the lodge, Yes I do, but 0:04:50.200 --> 0:04:50.679 I don't. 0:04:51.560 --> 0:04:57.760 I don't engage in any any pretense. 0:04:57.960 --> 0:04:59.400 I don't live a life of. 0:05:00.320 --> 0:05:02.880 But but what does that mean? My question to you is, 0:05:03.080 --> 0:05:04.560 Doessky bill. 0:05:04.440 --> 0:05:06.960 At your private resident's gone up all down? It's a 0:05:07.080 --> 0:05:08.000 very simple question. 0:05:08.680 --> 0:05:10.560 Well, I live in the lodge. 0:05:11.360 --> 0:05:12.159 That's where I live. 0:05:12.600 --> 0:05:14.600 So you're not there to tell us what your private 0:05:14.640 --> 0:05:18.000 property your electricity, but whether it's gone up or down, that's. 0:05:17.839 --> 0:05:18.800 Where I live. 0:05:19.279 --> 0:05:23.680 Patrick PM didn't handle that too well. One minute he 0:05:23.760 --> 0:05:26.680 doesn't have a private property, next minute he does. One 0:05:26.720 --> 0:05:29.760 minute he's living a life of privilege, next minute he's not. 0:05:30.720 --> 0:05:31.680 What do you make of that? 0:05:31.880 --> 0:05:33.000 Look it was a poor moment. 0:05:34.240 --> 0:05:37.840 Look you would think that his strategists would be saying, well, 0:05:37.880 --> 0:05:40.200 you're going to be asked these questions, and that he 0:05:40.200 --> 0:05:41.320 would have been better prepared. 0:05:41.640 --> 0:05:43.200 Look, I think he just got caught out. 0:05:44.120 --> 0:05:46.880 He was dreadful in the moment, which does happen to 0:05:46.880 --> 0:05:49.479 be fair from time to time. You would have thought 0:05:49.560 --> 0:05:52.880 he would have been in a position to actually try 0:05:52.880 --> 0:05:54.640 and distract that question. 0:05:54.400 --> 0:05:56.919 Away in a way that he couldn't. 0:05:56.960 --> 0:06:00.560 Obviously, and you cringe when you listen to that, don't you. 0:06:00.560 --> 0:06:04.039 You would think someone with his experience would handle those 0:06:04.040 --> 0:06:05.640 sort of questions much better. 0:06:06.480 --> 0:06:08.800 Now, SMP Global has worn. 0:06:08.600 --> 0:06:12.359 That Australia's Triple A credit rating is at risk thanks 0:06:12.400 --> 0:06:15.880 to the huge election spendeth on from the major parties 0:06:15.920 --> 0:06:21.080 and the massive growth of off budget funds. But the 0:06:21.120 --> 0:06:24.120 Prime Minister is not heeding this warning that he is 0:06:24.200 --> 0:06:28.320 instead lashed out and attack the agency. Here's what he 0:06:28.360 --> 0:06:30.080 had to say on the seven thirty report. 0:06:30.480 --> 0:06:33.839 The Triple A credit rating is there and what we've done. 0:06:34.120 --> 0:06:37.520 They must have been beside themselves whoever wrote that particular 0:06:37.600 --> 0:06:41.920 report when the coalition left us with a seventy eight 0:06:42.000 --> 0:06:43.040 PM dollar deficit. 0:06:44.240 --> 0:06:45.920 I'm confused, hear Patrick. 0:06:46.000 --> 0:06:50.600 The PM is questioning the economic credentials of the experts 0:06:50.680 --> 0:06:54.360 at standard and pause. I mean, really, is that a 0:06:54.480 --> 0:06:58.200 plausible argument against what they have said? And to be fair, 0:06:59.040 --> 0:07:03.000 they had criticism of both sides that is that the 0:07:03.040 --> 0:07:05.760 coalition spending promises are also too high. 0:07:06.120 --> 0:07:08.800 Look, it's been a spenders on this whole election campaign, 0:07:08.839 --> 0:07:11.320 hasn't it from both sides. I just keep sort of 0:07:11.360 --> 0:07:15.280 matching one another when the other side releases a policy 0:07:15.720 --> 0:07:18.000 and you've got a situation now where Look, you've got 0:07:18.040 --> 0:07:20.800 to listen to the economists before you take politicians seriously. 0:07:20.800 --> 0:07:24.760 When it comes to numbers, they're basically saying our credit 0:07:24.840 --> 0:07:28.119 rating could come down because there is so much spending 0:07:28.200 --> 0:07:30.320 and there's going to be so much debt. And this 0:07:30.480 --> 0:07:34.120 is on both sides, and I mean mister Albinezy sort 0:07:34.120 --> 0:07:36.720 of responses, well, it'll be worse under the coalition. But 0:07:36.800 --> 0:07:38.920 you look at that off budget fund which you mentioned. 0:07:38.960 --> 0:07:41.760 I mean that that was supposed to be I think 0:07:41.760 --> 0:07:44.760 thirty four billion dollars over five years. It's now over 0:07:44.800 --> 0:07:47.000 one hundred billion dollars for the next five years. 0:07:47.520 --> 0:07:48.160 It's become a. 0:07:48.080 --> 0:07:53.239 Slush fund for vanity projects and it's technically off the books. 0:07:53.000 --> 0:07:54.720 That's a worrying thing, definitely. 0:07:54.720 --> 0:08:00.560 But is this Australian electorate largely disengaged from those macro shoes. 0:08:00.640 --> 0:08:03.440 They care about tax. 0:08:03.200 --> 0:08:06.960 Cuts or things that they will see in their bottom 0:08:07.080 --> 0:08:11.400 line in their household budget, but things like the national 0:08:11.520 --> 0:08:16.680 debt infationary pressures they seem to be I don't know 0:08:16.720 --> 0:08:20.480 if it's the lack of economic literacy in the country 0:08:20.600 --> 0:08:23.880 or whether there's just too complicated an issue for a 0:08:23.920 --> 0:08:28.640 politician to properly articulate. That doesn't seem to be much 0:08:28.640 --> 0:08:29.360 of a concern. 0:08:29.920 --> 0:08:31.840 Look, that's certainly true. 0:08:31.920 --> 0:08:34.120 I mean, both sides have sort of launched this have 0:08:34.240 --> 0:08:36.439 this sort of phony campaign, you for like, where we're 0:08:36.480 --> 0:08:39.880 talking about distractions, we should be talking about immigration, We 0:08:39.920 --> 0:08:43.319 should be talking about defense. Most certainly no one's talking 0:08:43.320 --> 0:08:46.440 about defense. We should be talking about how we're going 0:08:46.480 --> 0:08:49.559 to provide secure energy and how we're going to keep 0:08:49.559 --> 0:08:52.600 prices down, but for the long term, not next week, 0:08:52.679 --> 0:08:55.760 not next month. And this whole campaign has been just 0:08:55.960 --> 0:08:58.319 back and forth. We haven't been they've panned to what 0:08:58.360 --> 0:09:03.160 they think this strain electric concerns are, and those concerns 0:09:03.200 --> 0:09:06.840 are relatively minor, and in the moment there's much bigger 0:09:06.880 --> 0:09:08.640 issues here. There hasn't been a lot of vision, has 0:09:08.679 --> 0:09:09.120 there effort. 0:09:09.679 --> 0:09:13.199 It's all been all about immediate gratification. 0:09:13.360 --> 0:09:15.280 There's not much in long term planning. 0:09:15.320 --> 0:09:18.840 You'd say the nuclear policies that that comes into effect 0:09:18.840 --> 0:09:23.360 into twenty thirties, but the Coalition barely mentions that. And 0:09:23.520 --> 0:09:28.240 it's a real point of differentiation with Labor and I 0:09:28.360 --> 0:09:32.960 wonder why they don't stress that point more, why they 0:09:32.960 --> 0:09:36.280 don't come up with policies that are going to impact 0:09:36.440 --> 0:09:39.200 energy prices in the next few years. 0:09:39.400 --> 0:09:42.800 Look, they've played too safe, the coalition right from the start. 0:09:42.800 --> 0:09:45.880 They've tried to make themselves a small target. You end 0:09:45.960 --> 0:09:50.559 up with these infuriating debates about how much about costings 0:09:50.600 --> 0:09:52.600 and whether it's six hundred billion dollars or whether it's 0:09:52.600 --> 0:09:53.880 one hundred and twenty billion dollars. 0:09:54.120 --> 0:09:56.040 And at that point everyone turns off, don't they. 0:09:56.240 --> 0:10:00.360 I mean, people are sick of politicians sort of out 0:10:00.400 --> 0:10:02.440 the other side and it's become this tip for tat 0:10:02.559 --> 0:10:07.520 sort of scenario that really has left the electric very disengaged, 0:10:07.600 --> 0:10:12.079 I think, and I think the coalition in the post mortems, 0:10:12.120 --> 0:10:14.520 depending on the result, you'd look back and you say, 0:10:14.760 --> 0:10:19.920 why weren't you bolder, Why weren't you actually describing visions 0:10:19.920 --> 0:10:22.360 for the country that actually will make a big difference 0:10:22.360 --> 0:10:23.280 for a long time. 0:10:24.040 --> 0:10:25.040 Now before you go. 0:10:25.160 --> 0:10:30.439 The welcome to Country debate has continued and got reignited 0:10:30.600 --> 0:10:34.600 during ANZAC Day, and this is what happened when the 0:10:34.600 --> 0:10:37.720 topic was brought up on the ABC's flagship Q and 0:10:37.760 --> 0:10:41.680 A program last night. Greenslead Adam bad had a lot 0:10:41.720 --> 0:10:42.600 to say. 0:10:42.640 --> 0:10:47.040 It's just gutter politics from an opposition leader whose campaign 0:10:47.120 --> 0:10:49.680 is in free form and he's starting to punch down. 0:10:49.760 --> 0:10:53.160 Peter Dutton was the master of misinformation during the referendum 0:10:53.240 --> 0:10:56.520 which is what was referred to there, spreading all sorts 0:10:56.520 --> 0:11:01.760 of lies about what was going He's paying as he's 0:11:01.800 --> 0:11:04.840 in free for he's punching down change from the Trump 0:11:04.880 --> 0:11:05.720 pavled and we're. 0:11:05.520 --> 0:11:06.320 Going to call it out. 0:11:07.040 --> 0:11:10.600 All the usual lines you would expect from the Greens, 0:11:10.920 --> 0:11:18.040 just such foolish arguments, straw man arguments, but they can 0:11:18.120 --> 0:11:20.800 be impactful when it comes to the ABC audience. 0:11:20.880 --> 0:11:24.320 But all the polling I've seen since ANZAC. 0:11:23.960 --> 0:11:28.240 Day shows that the great majority of Australians are sick 0:11:28.440 --> 0:11:32.160 and tired of these ceremonies. They want to see them 0:11:32.240 --> 0:11:37.559 dramatically reduced or cut all together. In fact, there was 0:11:37.600 --> 0:11:39.480 a poll I think in news dot com, an online 0:11:39.520 --> 0:11:43.000 poll showing around seventy percent wanted to see no more 0:11:43.080 --> 0:11:45.880 of these and around twenty percent wanted to see less. 0:11:46.240 --> 0:11:48.400 Well, it becomes so divisive, haven't they, And I mean 0:11:48.400 --> 0:11:50.800 they've sort of been seen to hijack public events. When 0:11:50.880 --> 0:11:55.880 you look at ANZAC Day, it's about diggers, it's about veterans, 0:11:55.920 --> 0:11:58.160 and when you have the welcome the country, that might 0:11:58.200 --> 0:12:01.440 go too long or it really does sort of get 0:12:01.480 --> 0:12:05.800 in the way of why people aren't gathered. It's become divisive. 0:12:05.840 --> 0:12:08.600 I mean it was a feel good sentiment and it 0:12:08.640 --> 0:12:11.480 has a place. I think most Astrains, I might disagree 0:12:11.480 --> 0:12:13.520 with you. I think most Astrains think it has a place, 0:12:13.640 --> 0:12:16.959 but that place is not when you land on a 0:12:17.000 --> 0:12:20.839 Quantus or Virgin flight in denment it has got silver. 0:12:20.880 --> 0:12:21.880 Well, I disagree with you. 0:12:21.920 --> 0:12:25.080 I don't think most Australians do think it has a place, 0:12:25.920 --> 0:12:29.560 because the underlying message of a welcome to country is 0:12:30.679 --> 0:12:34.480 this isn't your land. You're not as entitled as someone else, 0:12:34.679 --> 0:12:38.439 based purely on ethnicity, to consider. 0:12:38.040 --> 0:12:38.760 This your land. 0:12:39.160 --> 0:12:42.800 Because we don't have non indigenous people doing welcome to countries. 0:12:42.880 --> 0:12:46.480 It's only one group, and I think that sends a 0:12:46.559 --> 0:12:49.320 strong message. I think a lot of migrants resent that 0:12:49.360 --> 0:12:51.720 message as well. Patrick, Carla and thank you so much 0:12:51.760 --> 0:12:55.440 for your time tonight. A state of emergency has been 0:12:55.480 --> 0:12:59.400 declared after more than sixty million people across Spain, Portugal 0:12:59.440 --> 0:13:02.240 and parts of France were left without power last night 0:13:02.679 --> 0:13:06.440 in one of the largest blackouts in Europe outside of wartime. 0:13:06.559 --> 0:13:10.439 And this comes as Spain celebrated its first ever weekday 0:13:10.520 --> 0:13:14.719 of being run at one hundred percent renewables. Less than 0:13:14.720 --> 0:13:17.360 a week later and Spain is in the midst of 0:13:17.400 --> 0:13:22.120 a energy crisis. Electric trains of ground to hold flights 0:13:22.160 --> 0:13:25.760 have been canceled, Traffic lights stop working. We've had people 0:13:25.920 --> 0:13:29.920 left in lifts, stuck in lifts, and panic buying stripping 0:13:29.960 --> 0:13:35.240 supermarket shells. As journalist Michael Schllenberger reports, the grid across 0:13:35.280 --> 0:13:40.040 the entire continent almost redlined at about midday yesterday, with 0:13:40.160 --> 0:13:46.160 authorities speculating that the outage originated in Spain. Schllenburger explains 0:13:46.160 --> 0:13:49.520 that Spain's energy mix, which is largely made up of 0:13:49.640 --> 0:13:53.000 wind and solar, is the most likely cause of the 0:13:53.080 --> 0:13:57.280 outage because such a system has very little physical inertia 0:13:57.320 --> 0:14:01.520 generated by coal and nuclear power, meaning it is much 0:14:01.640 --> 0:14:06.360 less stable and more susceptible to blackouts. Now, while power 0:14:06.360 --> 0:14:10.160 in France, where the grid is approximately seventy percent nuclear, 0:14:10.440 --> 0:14:14.520 was quickly restored, it's taking authorities in neighboring Spain and 0:14:14.640 --> 0:14:19.880 Portugal a lot longer to restore power. Joining me now 0:14:19.960 --> 0:14:25.040 from France is energy market analysts Sol Cavanik. So tell 0:14:25.080 --> 0:14:29.360 me about this mass blackout and the impact it's having. 0:14:31.840 --> 0:14:36.760 Well, as you highlight there's it's still early assessments exactly 0:14:36.760 --> 0:14:40.080 the primary cause here, although the fragility of the system, 0:14:40.120 --> 0:14:44.480 particularly at this time and the level of ancillary services, 0:14:44.480 --> 0:14:47.440 including inertia, do the higher renewables penetration at the time 0:14:47.520 --> 0:14:51.280 may be one of the primary causes. As I sit here, 0:14:51.320 --> 0:14:53.320 you know, in one of the countries which has a 0:14:53.440 --> 0:14:57.760 very strong nuclear industry, which is the fact growing here 0:14:57.800 --> 0:15:02.200 in France, where things tends to be a little bit better. 0:15:02.800 --> 0:15:04.840 But I think what we need to take as a 0:15:04.920 --> 0:15:08.400 lesson here is what we've seen playing out now in 0:15:08.760 --> 0:15:11.920 Spain could be a sign of what we see it 0:15:12.000 --> 0:15:15.920 will happen in Australia as we continue down this path 0:15:16.120 --> 0:15:21.840 of ideology driven policy for energy rather than engineering driven policy, 0:15:22.840 --> 0:15:25.720 and that for example, has us seeing our Energy Minister 0:15:25.800 --> 0:15:28.760 Chris Bowen still targeting at eighty three percent renewal mix 0:15:28.800 --> 0:15:32.160 by twenty thirty and it's harder to determine here what's 0:15:32.320 --> 0:15:34.840 kind of worse the fastical notion that we can actually 0:15:34.920 --> 0:15:38.000 achieve the eighty three percent with even the renewable industry 0:15:38.040 --> 0:15:41.680 itself acknowledging that's quite impossible. All the question of whether 0:15:41.680 --> 0:15:44.720 we should be desiring this level of renewals gen mix 0:15:44.800 --> 0:15:48.480 given the instability it's going to cause Rita. But I 0:15:48.560 --> 0:15:53.200 might just highlight our situation in Australia is fundamentally much 0:15:53.240 --> 0:15:56.720 more dire than the issue about should we be prioritizing 0:15:56.760 --> 0:16:01.920 renewables over, for example, fossil fuel based. The problem is 0:16:02.200 --> 0:16:05.120 we actually need more of both, but instead we've seen 0:16:05.240 --> 0:16:08.720 declining investment across the board in every single type of 0:16:08.760 --> 0:16:12.000 generation mix in Australia. Pole is worth aught worse off 0:16:12.040 --> 0:16:14.800 on the last three years, gas is worse off, and 0:16:14.920 --> 0:16:19.080 renewables are worse off. Renewable penetration growth drop to record 0:16:19.160 --> 0:16:25.040 lows last year and that's because the green activism, the 0:16:25.080 --> 0:16:28.880 green over regulation, and the red tape facing our energy 0:16:28.880 --> 0:16:32.680 sector hits every single part of our sector. It is 0:16:32.760 --> 0:16:36.360 hurting investment in everything, including renewables. So instead of having 0:16:36.360 --> 0:16:38.880 an all of above approach, we have a none of 0:16:38.920 --> 0:16:41.600 above approach to our energy mix and it's causing energy 0:16:41.600 --> 0:16:42.560 prices to go up. 0:16:45.120 --> 0:16:48.280 Now, given the direction we are going in this country 0:16:48.360 --> 0:16:51.720 and the energy mix we have the focus on net 0:16:51.840 --> 0:16:56.400 zero emissions and renewables at what does that ultimately mean 0:16:56.600 --> 0:16:58.760 for our manufacturing sector. 0:17:00.960 --> 0:17:04.760 As we have increased energy costs and particularly increased energy 0:17:04.800 --> 0:17:08.760 reliability with now three near misses in as many years, 0:17:09.720 --> 0:17:12.520 the sector that fears, that feels at first is always 0:17:12.560 --> 0:17:14.880 going to be a manufacturing sector. And that's because when 0:17:14.880 --> 0:17:18.240 you have energy shortages events from a political perspective, you're 0:17:18.240 --> 0:17:21.080 never going to see a government want people's lights to 0:17:21.080 --> 0:17:23.040 turn off. So what happens is you get load shedding 0:17:23.040 --> 0:17:26.280 in the manufacturing rse. You've got to remember Australia, we 0:17:26.320 --> 0:17:32.040 have high safety standards, we have high labor rates, and 0:17:32.080 --> 0:17:33.879 these are things we are good and we should be 0:17:33.960 --> 0:17:36.440 proud of. But the reason we can have a manufacturing 0:17:36.480 --> 0:17:39.199 sector where we pay people well and have high standards 0:17:39.680 --> 0:17:42.960 is because we have a strong advantage in our energy 0:17:43.000 --> 0:17:47.120 resource and that energy advantage allows us to still compete 0:17:47.200 --> 0:17:50.679 internationally even with higher labor costs and standards. And the 0:17:50.760 --> 0:17:54.200 problem we face now is we are losing our economic 0:17:54.200 --> 0:17:58.760 competitive advantage of having a strong energy base and a 0:17:58.800 --> 0:18:03.000 low cost energy salt in this country. And that's eroding 0:18:03.119 --> 0:18:05.640 our competitive advantage that we've had for forty years, which 0:18:05.640 --> 0:18:08.159 allows us to have a higher standard of living. And 0:18:08.320 --> 0:18:11.240 as we're starting to say, government policy more and more 0:18:11.320 --> 0:18:17.080 prioritize green activism over the livelihoods and jobs of particularly 0:18:17.119 --> 0:18:19.760 blue collar workers in Australia, they're the ones who are 0:18:19.800 --> 0:18:22.200 going to get here first. We're ready starting to see 0:18:22.280 --> 0:18:26.320 jobs being lost. Oceano Glass shut down last year after 0:18:26.359 --> 0:18:28.679 one hundred and seventy years of op operations. This is 0:18:28.720 --> 0:18:31.240 the high tech manufacturing we want more of in this country, 0:18:31.600 --> 0:18:35.760 but instead we're seeing it lost. And higher energy prices 0:18:35.800 --> 0:18:38.920 and high energy reliability is one of the leading causes 0:18:39.280 --> 0:18:40.919 of the loss of our manufacturing sector. 0:18:43.280 --> 0:18:45.919 Now you're in France at the moment, it's a heavy 0:18:46.040 --> 0:18:50.360 user of nuclear energy. We're told in Australia that nuclear 0:18:50.600 --> 0:18:55.960 is not commercial, it's not vible. What do Anthony alban 0:18:56.000 --> 0:18:59.680 Easy and Adam Banded, Chris Bowen, what do they know 0:18:59.840 --> 0:19:03.879 that the leaders in countries like France, Sweden, US Finland 0:19:04.359 --> 0:19:08.040 don't know because they and many other First world countries 0:19:08.160 --> 0:19:12.040 are increasing their use of nuclear power whilst we sit 0:19:12.200 --> 0:19:15.200 on all this uranium we exported, but we don't use 0:19:15.240 --> 0:19:20.240 it for cheap nuclear power here or even expensive nuclear 0:19:20.280 --> 0:19:20.800 power here. 0:19:22.800 --> 0:19:23.119 Well. 0:19:23.960 --> 0:19:26.760 Look, I think it's quite clear that most of the 0:19:27.119 --> 0:19:31.760 mob in Parliament, in particular our Energy minister and Arguly 0:19:31.760 --> 0:19:33.880 our Prime Minister at this stage, know very little bit 0:19:33.920 --> 0:19:36.720 about our energy sector. I think a very good example 0:19:36.720 --> 0:19:38.960 to look at is what happened in Germany here where 0:19:38.960 --> 0:19:42.520 you actually had effectively the equivalent of the Green's minority government. 0:19:42.560 --> 0:19:45.840 They're an actual minister as part of the Greens Party. 0:19:46.240 --> 0:19:48.240 In the face of the shut off of Russian gas 0:19:48.280 --> 0:19:51.360 after the Ukraine War, they had a kind of internal 0:19:51.359 --> 0:19:54.760 schism and decided the Green Party still couldn't bring themselves 0:19:54.800 --> 0:19:59.080 to actually support nuclear, so they supported more qualified generation. 0:20:00.200 --> 0:20:02.320 Germany has been shutting down its nuclear facilities, and of 0:20:02.320 --> 0:20:04.720 course all that's happening is France is building new ones 0:20:04.760 --> 0:20:06.639 just across the border from Germany and will sell the 0:20:06.680 --> 0:20:10.600 power into Germany. So Germany's luckiness, since it still gets 0:20:10.600 --> 0:20:12.880 to rely on nuclear power, just pays France the privilege. 0:20:13.080 --> 0:20:15.920 In the case of Australia, we don't have the advantage 0:20:15.920 --> 0:20:18.119 of being able to tap into our neighbor's nuclear power. 0:20:19.119 --> 0:20:21.960 But if you want to have a strong again blue 0:20:22.000 --> 0:20:26.439 collar workforce, manufacturing base and all the economic and national 0:20:26.440 --> 0:20:31.480 security benefits that provides, having strong, stable power supply with 0:20:31.760 --> 0:20:35.280 very low marginal cost is a critical component of that. 0:20:35.320 --> 0:20:38.480 We've had it from coal for decades. We're now losing 0:20:38.520 --> 0:20:41.240 that from coal, in part driven by policy which is 0:20:41.280 --> 0:20:44.240 making it no longer viable. It cannot be replaced with 0:20:44.280 --> 0:20:47.600 the newbles anytime in the next decades at least, and 0:20:48.080 --> 0:20:50.960 nuclear could provide wide avenue for that. And it still 0:20:51.000 --> 0:20:53.080 surprises me that we rule it out from the get 0:20:53.119 --> 0:20:55.560 go and don't let it to compete in the market 0:20:55.920 --> 0:20:57.520 like we do with other energy sources. 0:21:00.280 --> 0:21:02.600 You go, if you had one bit of advice to 0:21:02.680 --> 0:21:06.119 impart to Energy Minister Chris Bowen, what would it be. 0:21:08.840 --> 0:21:11.840 Well, at this point, the best thing that Minister Chris 0:21:11.920 --> 0:21:14.800 Bowen could do for the energy market is to resign 0:21:14.880 --> 0:21:18.440 his position, I think, thankfully. If they're going to lose 0:21:18.480 --> 0:21:20.639 his seat in this election, or even if he stays 0:21:20.640 --> 0:21:22.840 in this seat, I think Lady is probably going to 0:21:22.840 --> 0:21:26.440 acces him from this portfolio. We have not seen such 0:21:26.720 --> 0:21:29.960 an incompetence and higher level of an attitude from an 0:21:30.040 --> 0:21:34.320 energy minister in decades, and that's a really low bar 0:21:34.400 --> 0:21:38.240 across both parties. Right, We've seen a level of arrogance, 0:21:39.640 --> 0:21:45.440 not refusing to engage with his own industry, allowing funding 0:21:45.480 --> 0:21:48.199 by the government of green activists against approvals of this 0:21:48.320 --> 0:21:52.760 own government, still adhering to ridiculous things like renewable energy 0:21:52.800 --> 0:21:56.000 targets and corvenuation targets which everybody knows are impossible to 0:21:56.080 --> 0:22:00.879 actually achieve, and not having the hub us to not 0:22:00.920 --> 0:22:03.480 actually even recognize the problems he's created in order to 0:22:03.480 --> 0:22:06.280 fix them. And you know, I speak to major investors 0:22:06.280 --> 0:22:09.760 in this sector who've been unable to actually get a 0:22:09.800 --> 0:22:13.639 meeting with the minister in their sector this entire length 0:22:13.720 --> 0:22:17.280 of this government. And that tells you everything about what 0:22:17.320 --> 0:22:20.439 this meant, what Minister Chris Boone actually stands for, and 0:22:20.480 --> 0:22:23.159 he's willing to actually talk to the key people in 0:22:23.160 --> 0:22:25.159 this market to try and fix the problems he's created. 0:22:28.280 --> 0:22:30.600 Soul Kavanick, thank you so much for your time tonight. 0:22:31.560 --> 0:22:33.440 Thank you still to come. 0:22:33.720 --> 0:22:37.639 Lefties Losing ad plus for review Donald Trump's first one 0:22:37.720 --> 0:22:39.720