'We can have lower emissions or a first world economy – not both': Peta Credlin

Alumina Limited Director Peter Day had some sad home truths on what is Australia’s counterproductive energy policy, says Sky News host Peta Credlin. Mr Day addressed his worries towards established industries that rely on coal and gas and also the government's lack of acknowledgement towards the inefficient backup capacities of renewable energy. “In plain language terms, the Alumina boss is telling us that we are on a rapid road to de-industrialisation,” Ms Credlin said. "At some stage, we will have to wake up to the fact that we can have much lower emissions or a first world economy – but not both.”