‘Way behind': Australian children will lack real world knowledge after social media ban
Mr Ahl told Sky News Digital Presenter Gabriella Power that it will be a blockade in children's 'understanding' of everything about the world.
Australia's social media ban on children under 16 is set to include YouTube, which has raised concerns with experts about education opportunities becoming limited.
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The Advertiser
an hour ago
- The Advertiser
The US has changed. Australia hasn't. It's time to talk about where the relationship goes from here
Seven months after Donald Trump was inaugurated for a second term as US president, we are facing the most important moment in Australia's foreign policy since the Iraq war. Australia needs to have a national conversation on the future of its alliance with the United States. The alliance was on the line with Trump's tariff decisions on August 1. The consensus was Australia dodged a bullet, and life goes on. But this was no flesh wound. By dictating and unilaterally imposing the terms of trade between the US and Australia - affirming the "reciprocal tariffs" of 10 per cent imposed on Australia, plus the tariffs of 50 per cent on both steel and aluminium - Trump has trashed the historic US-Australia Free Trade Agreement. Trump has not provided a good answer to the question of what he is doing to one of the US's strongest and most consistent allies. And there is more to come. The president will also place a tariff on US imports of Australian pharmaceuticals. There is also far more to come on the future of the US-Australia alliance. Media have been full of opinions on what the relationship between the two countries ought to look like. These interventions have assayed the crucial importance of Australian Prime Minister Anthony Albanese meeting personally with Trump; whether Washington was rattled by Albanese's visit to China, whether Australia should "fortify northern Australia into an allied military stronghold for the region"; and whether the relationship is being mismanaged. The best model for this conversation would be the economic roundtable Treasurer Jim Chalmers will host in Canberra this month. Its purpose, Albanese said, is to "build the broadest possible base of support for further economic reform". Why not apply the same process to the future of our foreign policy and alliance with the US? A similar roundtable, convened by the foreign minister and bringing together the smartest and most experienced people from across the political and foreign policy spectrum to discuss all these issues, would provide the best and most sincere guidance for the country. There are three bedrock truths that are unimpeachably clear since Trump reassumed power in the US. First, Australia has not changed; the US has changed. Albanese and his government has not changed its posture towards the US. Trump has profoundly changed America's posture towards Australia. Second, the US is no longer the leader of the free world, because the free world is no longer following America. The democracies with which the US has been allied since the end of the Second World War are no longer acting in concert with the US, but in reaction to what Trump is doing across the global landscape - from the Americas, to the Atlantic, Russia, the Middle East, China, the Indo-Pacific and Australia. Third, Trump has destroyed the economic and trading architecture erected after the Second World War to promote growth and prosperity. Nations engaging economically with the US are no longer trading partners but trading victims. The "deals" Trump boasts about are involuntary. Trump's imposition of tariffs even on countries with a trade deficit with the US shows that his trade policy is, at heart, the unilateral exercise of US political power to force concessions to US domination. What is under profound challenge today - 84 years after prime minister John Curtin turned to the US and 73 years after the ANZUS treaty came into effect - is whether the US under Trump is still aligned with the vision the two countries have shared for decades. Australians have serious doubts about the relationship. The latest polling by Resolve Political Monitor documented "a strong desire for the country to assert more independence from the United States amid Donald Trump's turbulent presidency". Fewer than 20 per cent of Australian voters believe Trump's election victory was good for Australia. Nearly half of voters believe it would be "a good thing" for Australia to act more independently of the US. Pew Research reported in July that only 35 per cent of Australians believe the US is a top ally. Trump is driving away US allies. Canadian Prime Minister Mark Carney said after winning office, "Our old relationship with the United States, a relationship based on steadily increasing integration, is over." When the leaders of Japan and South Korea received Trump's insulting letters of demarche on trade, they each said the correspondence was "deeply regrettable", with Japan's prime minister adding, "extremely disrespectful". Trump has also precipitated a trade war with India. How effective can the Quad - established by the US, Japan, India and Australia to serve as a counterweight to China - be if three of its four members are victims of Trump's tariffs? Australia has also broken with Trump on recognition of Palestine - issues of the highest importance to the president. Moreover, if the terms of whatever Trump is conjuring up with Putin to end the war with Ukraine are unacceptable to Ukraine and Europe, and Trump sides with Putin, a further sharp break by Australia with Trump is likely. The "soft power" wielded by Australia is also involved here. From the UN's inception, Australia has supported the architecture required to help secure peace, security, stability and the health and welfare of all peoples. But Trump has now withdrawn the US from UNESCO, the World Health Organisation, the World Trade Organisation, the Paris climate accords, the UN Human Rights Commission and others. He has terminated the USAID programs that delivered crucial health care and crisis relief. Medical studies project that millions of people will die as a result in the coming years. Australia uses that architecture to help change the world for the better. Trump is making that work much harder. Trump is repealing all US programs that combat global warming - the most important environmental issue of our times and the number-one existential security issue for Asia-Pacific nations. Australia shares their urgency. Since Trump's inauguration, AUKUS has consistently been viewed as a bellwether for the relationship. Australia's need for a modern submarine fleet is an existential issue for the country's defence capability. Will Trump, during the Pentagon's review of AUKUS, change its terms to be more favourable to the US? Is Australia spending enough on defence? Will the pace of submarine construction ensure Australia receives the subs in the 2030s? If not, are there better solutions than AUKUS? But the most important question is the most known unknown. What does Trump want from China? Trump has never outlined his endgame with President Xi Jinping. Yes, of course, the trade deal of the century. But at what price, particularly with respect to Taiwan? What are the consequences of all the scenarios and what does Australia need to do to be prepared? Trump is president and will continue to act with power and drama. Albanese will respond on behalf of Australia. That would be business as usual. But without the benefit of a considered national conversation about the future of the Australian-US alliance and what is in Australia's national interest, the current state of play does not rise to the challenges posed by Trump to Australia. US baseball legend Yogi Berra once said, "When you come to a fork in the road, take it." That's where we are. Let's talk about it. Seven months after Donald Trump was inaugurated for a second term as US president, we are facing the most important moment in Australia's foreign policy since the Iraq war. Australia needs to have a national conversation on the future of its alliance with the United States. The alliance was on the line with Trump's tariff decisions on August 1. The consensus was Australia dodged a bullet, and life goes on. But this was no flesh wound. By dictating and unilaterally imposing the terms of trade between the US and Australia - affirming the "reciprocal tariffs" of 10 per cent imposed on Australia, plus the tariffs of 50 per cent on both steel and aluminium - Trump has trashed the historic US-Australia Free Trade Agreement. Trump has not provided a good answer to the question of what he is doing to one of the US's strongest and most consistent allies. And there is more to come. The president will also place a tariff on US imports of Australian pharmaceuticals. There is also far more to come on the future of the US-Australia alliance. Media have been full of opinions on what the relationship between the two countries ought to look like. These interventions have assayed the crucial importance of Australian Prime Minister Anthony Albanese meeting personally with Trump; whether Washington was rattled by Albanese's visit to China, whether Australia should "fortify northern Australia into an allied military stronghold for the region"; and whether the relationship is being mismanaged. The best model for this conversation would be the economic roundtable Treasurer Jim Chalmers will host in Canberra this month. Its purpose, Albanese said, is to "build the broadest possible base of support for further economic reform". Why not apply the same process to the future of our foreign policy and alliance with the US? A similar roundtable, convened by the foreign minister and bringing together the smartest and most experienced people from across the political and foreign policy spectrum to discuss all these issues, would provide the best and most sincere guidance for the country. There are three bedrock truths that are unimpeachably clear since Trump reassumed power in the US. First, Australia has not changed; the US has changed. Albanese and his government has not changed its posture towards the US. Trump has profoundly changed America's posture towards Australia. Second, the US is no longer the leader of the free world, because the free world is no longer following America. The democracies with which the US has been allied since the end of the Second World War are no longer acting in concert with the US, but in reaction to what Trump is doing across the global landscape - from the Americas, to the Atlantic, Russia, the Middle East, China, the Indo-Pacific and Australia. Third, Trump has destroyed the economic and trading architecture erected after the Second World War to promote growth and prosperity. Nations engaging economically with the US are no longer trading partners but trading victims. The "deals" Trump boasts about are involuntary. Trump's imposition of tariffs even on countries with a trade deficit with the US shows that his trade policy is, at heart, the unilateral exercise of US political power to force concessions to US domination. What is under profound challenge today - 84 years after prime minister John Curtin turned to the US and 73 years after the ANZUS treaty came into effect - is whether the US under Trump is still aligned with the vision the two countries have shared for decades. Australians have serious doubts about the relationship. The latest polling by Resolve Political Monitor documented "a strong desire for the country to assert more independence from the United States amid Donald Trump's turbulent presidency". Fewer than 20 per cent of Australian voters believe Trump's election victory was good for Australia. Nearly half of voters believe it would be "a good thing" for Australia to act more independently of the US. Pew Research reported in July that only 35 per cent of Australians believe the US is a top ally. Trump is driving away US allies. Canadian Prime Minister Mark Carney said after winning office, "Our old relationship with the United States, a relationship based on steadily increasing integration, is over." When the leaders of Japan and South Korea received Trump's insulting letters of demarche on trade, they each said the correspondence was "deeply regrettable", with Japan's prime minister adding, "extremely disrespectful". Trump has also precipitated a trade war with India. How effective can the Quad - established by the US, Japan, India and Australia to serve as a counterweight to China - be if three of its four members are victims of Trump's tariffs? Australia has also broken with Trump on recognition of Palestine - issues of the highest importance to the president. Moreover, if the terms of whatever Trump is conjuring up with Putin to end the war with Ukraine are unacceptable to Ukraine and Europe, and Trump sides with Putin, a further sharp break by Australia with Trump is likely. The "soft power" wielded by Australia is also involved here. From the UN's inception, Australia has supported the architecture required to help secure peace, security, stability and the health and welfare of all peoples. But Trump has now withdrawn the US from UNESCO, the World Health Organisation, the World Trade Organisation, the Paris climate accords, the UN Human Rights Commission and others. He has terminated the USAID programs that delivered crucial health care and crisis relief. Medical studies project that millions of people will die as a result in the coming years. Australia uses that architecture to help change the world for the better. Trump is making that work much harder. Trump is repealing all US programs that combat global warming - the most important environmental issue of our times and the number-one existential security issue for Asia-Pacific nations. Australia shares their urgency. Since Trump's inauguration, AUKUS has consistently been viewed as a bellwether for the relationship. Australia's need for a modern submarine fleet is an existential issue for the country's defence capability. Will Trump, during the Pentagon's review of AUKUS, change its terms to be more favourable to the US? Is Australia spending enough on defence? Will the pace of submarine construction ensure Australia receives the subs in the 2030s? If not, are there better solutions than AUKUS? But the most important question is the most known unknown. What does Trump want from China? Trump has never outlined his endgame with President Xi Jinping. Yes, of course, the trade deal of the century. But at what price, particularly with respect to Taiwan? What are the consequences of all the scenarios and what does Australia need to do to be prepared? Trump is president and will continue to act with power and drama. Albanese will respond on behalf of Australia. That would be business as usual. But without the benefit of a considered national conversation about the future of the Australian-US alliance and what is in Australia's national interest, the current state of play does not rise to the challenges posed by Trump to Australia. US baseball legend Yogi Berra once said, "When you come to a fork in the road, take it." That's where we are. Let's talk about it. Seven months after Donald Trump was inaugurated for a second term as US president, we are facing the most important moment in Australia's foreign policy since the Iraq war. Australia needs to have a national conversation on the future of its alliance with the United States. The alliance was on the line with Trump's tariff decisions on August 1. The consensus was Australia dodged a bullet, and life goes on. But this was no flesh wound. By dictating and unilaterally imposing the terms of trade between the US and Australia - affirming the "reciprocal tariffs" of 10 per cent imposed on Australia, plus the tariffs of 50 per cent on both steel and aluminium - Trump has trashed the historic US-Australia Free Trade Agreement. Trump has not provided a good answer to the question of what he is doing to one of the US's strongest and most consistent allies. And there is more to come. The president will also place a tariff on US imports of Australian pharmaceuticals. There is also far more to come on the future of the US-Australia alliance. Media have been full of opinions on what the relationship between the two countries ought to look like. These interventions have assayed the crucial importance of Australian Prime Minister Anthony Albanese meeting personally with Trump; whether Washington was rattled by Albanese's visit to China, whether Australia should "fortify northern Australia into an allied military stronghold for the region"; and whether the relationship is being mismanaged. The best model for this conversation would be the economic roundtable Treasurer Jim Chalmers will host in Canberra this month. Its purpose, Albanese said, is to "build the broadest possible base of support for further economic reform". Why not apply the same process to the future of our foreign policy and alliance with the US? A similar roundtable, convened by the foreign minister and bringing together the smartest and most experienced people from across the political and foreign policy spectrum to discuss all these issues, would provide the best and most sincere guidance for the country. There are three bedrock truths that are unimpeachably clear since Trump reassumed power in the US. First, Australia has not changed; the US has changed. Albanese and his government has not changed its posture towards the US. Trump has profoundly changed America's posture towards Australia. Second, the US is no longer the leader of the free world, because the free world is no longer following America. The democracies with which the US has been allied since the end of the Second World War are no longer acting in concert with the US, but in reaction to what Trump is doing across the global landscape - from the Americas, to the Atlantic, Russia, the Middle East, China, the Indo-Pacific and Australia. Third, Trump has destroyed the economic and trading architecture erected after the Second World War to promote growth and prosperity. Nations engaging economically with the US are no longer trading partners but trading victims. The "deals" Trump boasts about are involuntary. Trump's imposition of tariffs even on countries with a trade deficit with the US shows that his trade policy is, at heart, the unilateral exercise of US political power to force concessions to US domination. What is under profound challenge today - 84 years after prime minister John Curtin turned to the US and 73 years after the ANZUS treaty came into effect - is whether the US under Trump is still aligned with the vision the two countries have shared for decades. Australians have serious doubts about the relationship. The latest polling by Resolve Political Monitor documented "a strong desire for the country to assert more independence from the United States amid Donald Trump's turbulent presidency". Fewer than 20 per cent of Australian voters believe Trump's election victory was good for Australia. Nearly half of voters believe it would be "a good thing" for Australia to act more independently of the US. Pew Research reported in July that only 35 per cent of Australians believe the US is a top ally. Trump is driving away US allies. Canadian Prime Minister Mark Carney said after winning office, "Our old relationship with the United States, a relationship based on steadily increasing integration, is over." When the leaders of Japan and South Korea received Trump's insulting letters of demarche on trade, they each said the correspondence was "deeply regrettable", with Japan's prime minister adding, "extremely disrespectful". Trump has also precipitated a trade war with India. How effective can the Quad - established by the US, Japan, India and Australia to serve as a counterweight to China - be if three of its four members are victims of Trump's tariffs? Australia has also broken with Trump on recognition of Palestine - issues of the highest importance to the president. Moreover, if the terms of whatever Trump is conjuring up with Putin to end the war with Ukraine are unacceptable to Ukraine and Europe, and Trump sides with Putin, a further sharp break by Australia with Trump is likely. The "soft power" wielded by Australia is also involved here. From the UN's inception, Australia has supported the architecture required to help secure peace, security, stability and the health and welfare of all peoples. But Trump has now withdrawn the US from UNESCO, the World Health Organisation, the World Trade Organisation, the Paris climate accords, the UN Human Rights Commission and others. He has terminated the USAID programs that delivered crucial health care and crisis relief. Medical studies project that millions of people will die as a result in the coming years. Australia uses that architecture to help change the world for the better. Trump is making that work much harder. Trump is repealing all US programs that combat global warming - the most important environmental issue of our times and the number-one existential security issue for Asia-Pacific nations. Australia shares their urgency. Since Trump's inauguration, AUKUS has consistently been viewed as a bellwether for the relationship. Australia's need for a modern submarine fleet is an existential issue for the country's defence capability. Will Trump, during the Pentagon's review of AUKUS, change its terms to be more favourable to the US? Is Australia spending enough on defence? Will the pace of submarine construction ensure Australia receives the subs in the 2030s? If not, are there better solutions than AUKUS? But the most important question is the most known unknown. What does Trump want from China? Trump has never outlined his endgame with President Xi Jinping. Yes, of course, the trade deal of the century. But at what price, particularly with respect to Taiwan? What are the consequences of all the scenarios and what does Australia need to do to be prepared? Trump is president and will continue to act with power and drama. Albanese will respond on behalf of Australia. That would be business as usual. But without the benefit of a considered national conversation about the future of the Australian-US alliance and what is in Australia's national interest, the current state of play does not rise to the challenges posed by Trump to Australia. US baseball legend Yogi Berra once said, "When you come to a fork in the road, take it." That's where we are. Let's talk about it. Seven months after Donald Trump was inaugurated for a second term as US president, we are facing the most important moment in Australia's foreign policy since the Iraq war. Australia needs to have a national conversation on the future of its alliance with the United States. The alliance was on the line with Trump's tariff decisions on August 1. The consensus was Australia dodged a bullet, and life goes on. But this was no flesh wound. By dictating and unilaterally imposing the terms of trade between the US and Australia - affirming the "reciprocal tariffs" of 10 per cent imposed on Australia, plus the tariffs of 50 per cent on both steel and aluminium - Trump has trashed the historic US-Australia Free Trade Agreement. Trump has not provided a good answer to the question of what he is doing to one of the US's strongest and most consistent allies. And there is more to come. The president will also place a tariff on US imports of Australian pharmaceuticals. There is also far more to come on the future of the US-Australia alliance. Media have been full of opinions on what the relationship between the two countries ought to look like. These interventions have assayed the crucial importance of Australian Prime Minister Anthony Albanese meeting personally with Trump; whether Washington was rattled by Albanese's visit to China, whether Australia should "fortify northern Australia into an allied military stronghold for the region"; and whether the relationship is being mismanaged. The best model for this conversation would be the economic roundtable Treasurer Jim Chalmers will host in Canberra this month. Its purpose, Albanese said, is to "build the broadest possible base of support for further economic reform". Why not apply the same process to the future of our foreign policy and alliance with the US? A similar roundtable, convened by the foreign minister and bringing together the smartest and most experienced people from across the political and foreign policy spectrum to discuss all these issues, would provide the best and most sincere guidance for the country. There are three bedrock truths that are unimpeachably clear since Trump reassumed power in the US. First, Australia has not changed; the US has changed. Albanese and his government has not changed its posture towards the US. Trump has profoundly changed America's posture towards Australia. Second, the US is no longer the leader of the free world, because the free world is no longer following America. The democracies with which the US has been allied since the end of the Second World War are no longer acting in concert with the US, but in reaction to what Trump is doing across the global landscape - from the Americas, to the Atlantic, Russia, the Middle East, China, the Indo-Pacific and Australia. Third, Trump has destroyed the economic and trading architecture erected after the Second World War to promote growth and prosperity. Nations engaging economically with the US are no longer trading partners but trading victims. The "deals" Trump boasts about are involuntary. Trump's imposition of tariffs even on countries with a trade deficit with the US shows that his trade policy is, at heart, the unilateral exercise of US political power to force concessions to US domination. What is under profound challenge today - 84 years after prime minister John Curtin turned to the US and 73 years after the ANZUS treaty came into effect - is whether the US under Trump is still aligned with the vision the two countries have shared for decades. Australians have serious doubts about the relationship. The latest polling by Resolve Political Monitor documented "a strong desire for the country to assert more independence from the United States amid Donald Trump's turbulent presidency". Fewer than 20 per cent of Australian voters believe Trump's election victory was good for Australia. Nearly half of voters believe it would be "a good thing" for Australia to act more independently of the US. Pew Research reported in July that only 35 per cent of Australians believe the US is a top ally. Trump is driving away US allies. Canadian Prime Minister Mark Carney said after winning office, "Our old relationship with the United States, a relationship based on steadily increasing integration, is over." When the leaders of Japan and South Korea received Trump's insulting letters of demarche on trade, they each said the correspondence was "deeply regrettable", with Japan's prime minister adding, "extremely disrespectful". Trump has also precipitated a trade war with India. How effective can the Quad - established by the US, Japan, India and Australia to serve as a counterweight to China - be if three of its four members are victims of Trump's tariffs? Australia has also broken with Trump on recognition of Palestine - issues of the highest importance to the president. Moreover, if the terms of whatever Trump is conjuring up with Putin to end the war with Ukraine are unacceptable to Ukraine and Europe, and Trump sides with Putin, a further sharp break by Australia with Trump is likely. The "soft power" wielded by Australia is also involved here. From the UN's inception, Australia has supported the architecture required to help secure peace, security, stability and the health and welfare of all peoples. But Trump has now withdrawn the US from UNESCO, the World Health Organisation, the World Trade Organisation, the Paris climate accords, the UN Human Rights Commission and others. He has terminated the USAID programs that delivered crucial health care and crisis relief. Medical studies project that millions of people will die as a result in the coming years. Australia uses that architecture to help change the world for the better. Trump is making that work much harder. Trump is repealing all US programs that combat global warming - the most important environmental issue of our times and the number-one existential security issue for Asia-Pacific nations. Australia shares their urgency. Since Trump's inauguration, AUKUS has consistently been viewed as a bellwether for the relationship. Australia's need for a modern submarine fleet is an existential issue for the country's defence capability. Will Trump, during the Pentagon's review of AUKUS, change its terms to be more favourable to the US? Is Australia spending enough on defence? Will the pace of submarine construction ensure Australia receives the subs in the 2030s? If not, are there better solutions than AUKUS? But the most important question is the most known unknown. What does Trump want from China? Trump has never outlined his endgame with President Xi Jinping. Yes, of course, the trade deal of the century. But at what price, particularly with respect to Taiwan? What are the consequences of all the scenarios and what does Australia need to do to be prepared? Trump is president and will continue to act with power and drama. Albanese will respond on behalf of Australia. That would be business as usual. But without the benefit of a considered national conversation about the future of the Australian-US alliance and what is in Australia's national interest, the current state of play does not rise to the challenges posed by Trump to Australia. US baseball legend Yogi Berra once said, "When you come to a fork in the road, take it." That's where we are. Let's talk about it.
The Age
an hour ago
- The Age
The problem with taking advice from ‘finfluencers'
For better or worse, now when people go looking for life advice or want to find answers to burning questions, the place we increasingly turn to is social media. And sure, there are a lot of areas in our lives where this can be great. Suggestions on how to use up half a can of chickpeas or learning how to braid your hair is one thing. But when it comes to things like our health and finances, the risks associated with getting advice from unqualified influencers are exponentially higher. That's one of the reasons that I was happy to see that the Australian Securities and Investments Commissions recently took part in a global crackdown on financial influencers, also known as 'finfluencers', along with regulators from the United Kingdom, Italy, Hong Kong, Canada and the United Arab Emirates. Following the crackdown, ASIC commissioner Alan Kirkland explained: 'It's important that consumers separate fun from fact when it comes to influencer content. Popularity doesn't equal credibility.' In other words, a finfluencer might have 100,000 people eager to listen to what they have to say, but that doesn't mean they have the qualifications, expertise or a legal right to be saying it in the first place. In the UK alone, the regulator issued 650 requests for content to be removed from social media, 50 takedown requests to websites being operated by influencers, and seven cease and desist letters. The regulators also invited four influencers in for interviews, and made three arrests. In Australia, though, the fallout was much smaller, with ASIC issuing just 18 warning notices to financial influencers suspected of providing unlicensed financial advice and/or unlawfully spruiking high-risk financial products. Loading As tempting as it might be to think that our markedly smaller numbers are a sign of Australian finfluencers being better, more honest people than those in other nations, that's not quite it. The main reason for our A+ performance is a thing called INFO 269, which are guidelines ASIC issued in 2022 specifically outlining the rules and regulations for social media influencers offering financial advice. In addition to breaking down the legal standards influencers are required to meet before discussing or promoting stocks, financial products or investment funds, the guidelines also make the consequences of breaking any rules crystal clear: up to five years in jail, or fines of over $1 million. These threats aren't idle, either. In 2021, ASIC successfully filed a lawsuit against Tyson Scholz, an Australian finfluencer who dubbed himself the 'ASX Wolf'. At the time, Scholz was offering stock tips via paid online subscriber groups to his Instagram followers, which sat at well over 100,000 people. At the time, though, Scholz did not hold a valid financial services licence, meaning his advice specifically on what stocks to buy was against the law. By 2023, he was facing bankruptcy over a $450,000 court-imposed debt from the regulator. And it's not just finance influencers who are being closely watched and regulated, either. In 2022, the Therapeutic Goods Administration announced restrictions on how influencers post about products such as vitamins, protein powders, supplements, sunscreen, medical devices and medicines. These changes mean influencers must clearly disclose if they are in partnership with a brand, and they also cannot share their personal experience with therapeutic products.
Sky News AU
an hour ago
- Sky News AU
Chevron Energy CEO Mike Wirth rules out additional investment in Australia as the nation struggles to compete globally
The boss of one of the world's largest energy companies has effectively ruled out any additional investment in Australia as the nation struggles to compete globally. Join to watch the full interview live at 11am AEST. Chevron Energy's chairman and CEO Mike Wirth made this stunning revelation on Sky News' Business Weekend as the company celebrates 70 years of operations in Australia. Chevron runs the Gorgon and Wheatstone projects in Western Australia which together deliver about half of the state's gas. Pressed on whether Chevron was looking to further invest in Australia beyond its current projects, Mr Wirth dumped cold water on the prospect. 'We're not looking at anything on the East Coast,' he said. 'In fact, our plans for the foreseeable future would not include expansion of our facilities in Western Australia either. 'We've got backfill fields that will develop over time but given the global competitive dynamics that we talked about earlier, there are likely other places where you're going to see more (gas) trains added before we would add them in Western Australia or on the East Coast.' He also weighed in on the company's struggles with the 'same-work-same-pay' legislation that means some workers at some of its sites could secure pay rises of up to $80,000 per year. 'We'll work with the unions, we'll with the government on these matters, but it is unsettling to investors when changes, significant changes, are made after massive investments are committed,' Mr Wirth said. The Chevron boss' revelation about investment in Australia comes after multiple Australian energy CEOs have lashed out over the various federal and state governments' attitude's towards gas. Santos chief executive Kevin Gallagher publicly lambasted Victoria's attitude toward investment earlier this year. 'If I think about Queensland, South Australia, Western Australia – these are very supportive, very development-friendly jurisdictions. Victoria? North Korea. They're different altogether,' Mr Gallagher told an oil and gas conference in Brisbane. Just weeks later, the chief executive of Beach Energy CEO Brett Woods told Sky News that getting gas projects approved in Victoria had 'been a challenge'. 'Victoria still have had quite a negative policy in terms of what the role of gas is in the state,' Mr Woods said on Sky News' Business Weekend. 'I think the recognition now, with industry shutting down and foreclosures and other things, (is) that they need more gas. 'We're ready to help, we just want to get after our projects so we can move them forward.'
