Time to Pull the Plug on Snowy 2.0

I asked Minister Gallagher a simple question about the true cost of Snowy Hydro 2.0. Unsurprisingly, I got a response, just not an answer.

Economic analysts like Robert Gottliebsen projects that this project could cost taxpayers over $1 trillion by the time it’s finished. While One Nation believes this figure is far too high, the lack of proper planning, financial analysis, cost control and transparency makes an accurate analysis impossible.

How much will electricity have to cost for taxpayers to get their money back? They don’t know. They are making this up as they go along!

One Nation will:

❌ Close down Snowy 2.0 before it sends the country broke.

❌ Remediate the environmental damage.

❌ Build clean, reliable coal-fired power to slash the cost of living.

A One Nation government will stop this madness, balance the budget and put Australians first.

Transcript

Senator Roberts: Thank You. I take note of Minister Gallagher’s response—it wasn’t an answer—to my question regarding the urgent need to close down Snowy Hydro 2.0 before it sends us broke. Robert Gottliebsen, not a man to be taken lightly, has projected the cost of this project at over $1 trillion after allowing for capital costs, maintenance, transmission line construction and maintenance costs, industrial solar and wind installations necessary to provide the power, and regular renewal of these renewables—because they only last 15 years—from now until the project is finished and paid for, likely in 2060. Then add in the annual subsidies, because Snowy 2.0 will always run at a loss and you’ll be paying for it. How much will the power have to be priced at to get our money back? They don’t know. They’re making this up as they go along. What a metaphor for the whole so-called net zero transition, a transition to poverty! One Nation will close this project down, remediate the environmental damage and replace the generation of power with beautiful, clean coal-fired power, lowering the cost of living for all Australians and helping us balance the budget.