Keeping The Lights On

Opinion Piece By Federal Member for Dawson Andrew Willcox

Coal has powered Australia for generations, and it still does today. Coal is the central reason the lights turn on, the fridge stays cold, and the air con works. Coal remains the cheapest form of electricity in Australia, and without it, our country would be vastly different, in a poorer way.

But it is not just the electricity it provides. Coal provides our country with economic security. It drives investment, and the revenue raised in taxes and exports generates the wealth to fund much of our vital public infrastructure. It is not just the thermal coal that runs our power stations; it is also the metallurgical coal exported around the world to manufacture steel.

In the Bowen Basin alone, there are around 44,000 people employed directly in the coal
industry. That is not counting people employed in service support roles, the ports, the rail and in the businesses that get a boost when these workers spend locally.

As the member for Dawson and the Shadow Assistant Minister for Manufacturing and Sovereign
Capability, I am acutely aware of the role coal plays not only in our Central Queensland region but in the success of our country. To the workers in the industry and associated businesses, I say thank you. Whether you're driving trucks in the Bowen Basin, welding buckets in Paget, loading ships at the ports, or running a small business that supports the industry, your hard work is what keeps this country powering ahead. Your work matters. Your job matters. You matter.

But, unfortunately, our coal industry is under attack, not from overseas, but from policy
decisions being made in our own backyard. The Albanese Government talks a big game about
jobs and regional Australia, but their actions are driving investment away from the very industry that helped build this nation. In sad news, major miners BHP and Anglo recently made sweeping redundancies on the back of lower confidence and return on investment. My thoughts are with every family touched by this news during this time.

It may be easy to attack the mining companies for these decisions, but we have to ask why
these decisions are made. Under the current Labor government, it's getting harder and harder to justify investment when the goalposts keep shifting and the Prime Minister would rather prop up wind and solar. The truth is, these are businesses with shareholders (including many super fund holders) that are expecting to see a return on investment, and if those returns are not what they should be, then the investment goes elsewhere. Think about this - would you choose to put your money in the bank with the lower or higher interest rate returns?

Not long before these cuts were announced, the heads of BHP and Rio Tinto were meeting with
Trump, and you can probably guess what those meetings were about – "Come and invest in the
USA", where coal, and by and large mining, is not demonised but encouraged. The major mining
companies are being very clear. The investment landscape needs to be more than viable. It
needs to be a safe bet.

Coal is more than a resource. It's a sovereign asset. It's the backbone of regional Queensland. And if we don't protect it, we risk losing not just jobs, but the heartbeat of towns right across Central Queensland and beyond.

Coal keeps the lights on. Australia can not afford for investment in the Coal industry to dry
up. Backing the Coal industry is backing Australia.

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Andrew Willcox MP has highlighted the importance of coal to Australia’s energy,
economy, and regional communities.

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