Green steel? Go woke, go broke

Green steel is proving to be a fairy tale - only nuclear energy will save our heavy industries

After the Premier of South Australia put Whyalla Steelworks into administration, Mr Albanese found another $2.4 billion of taxpayers’ money to bail out the failed company. The Albanese government has since appeared ready to double-down on the production of ‘green steel’ at the plant. This has all the hallmarks of a bottomless pit. Without nuclear, green steel is another Labor unicorn that will reinforce what is now well-known wisdom: Go woke, go broke.

In the Unfiltered newsletter, Alexandra Marshall had this to say:

Another day, another critical industry falls – broken – into the arms of the government. This time it is the Whyalla steelworks. As Michael de Percy writes, ‘Mr Albanese found another $2.4 billion of taxpayers’ money to bail out the failed company. The Albanese government has since appeared ready to double-down on the production of ‘green steel’ at the plant.’

My latest in The Spectator Australia, Green steel? Go woke, go broke.

After the Premier of South Australia put Whyalla Steelworks into administration, Mr Albanese found another $2.4 billion of taxpayers’ money to bail out the failed company.

The Albanese government has since appeared ready to double-down on the production of ‘green steel’ at the… pic.twitter.com/XOGfGpR7SC

— The Spectator Australia (@SpectatorOz) February 20, 2025