Major industry players Australian Industry Group, Australian Petroleum, Production and Exploration Association, Clean Energy Council, and Energy Supply Association have teamed up to call on the government to careful assess the drawbacks of its policy.
The group is highlighting the constantly contracting gas supply on the east coast that is set cause energy prices to skyrocket.
They cite a $2 billion energy cost rise and the $3 billion in avoided economic activity with the setback policy in place for wind farms in Victoria as the reason these reactions will set the east coast back.
There is even a mention of potential blackouts.
In its letter to government, the group says planning for a future supply shortage has to be taken into account when the government makes policy decisions.
“The commonwealth and the states face real community disquiet in relation to energy development,” the letter says. “These worries can and should be addressed.
“However, the restrictions that are being imposed have not been underpinned by adequate evidence or consultation, and threaten serious consequences for the economy and Australians’ quality of life.”
With energy prices already on the rise, the bans could set the states back even further.
“We believe it is urgent that all governments take the wider consequences for energy affordability, security and sustainability into account when considering planning and development.”
Metgasco has been the first pillar to fall in the ongoing CSG battle, with the company putting its exploration program on ice due to the regulatory uncertainty in New South Wales.
According to Australian Financial Review it has fired 21 of its 27 staff.
The group will send the letter to all Council of Australian Governments first ministers, energy and planning ministers and opposition spokesmen.