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.