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Energy industry cautious of Australian Abbott-led coalition

The energy industry has cautiously welcomed the election of the Tony Abbott-led coalition in Australia. Damon Evans looks at the new government’s policies – and whether they can be delivered

Australia's oil and gas sector is cautiously optimistic following the election of Tony Abbott’s business-oriented centre-right Liberal-National coalition in the country’s recent federal poll. But it remains to be seen if the coalition can make the switch from opposition to government and deliver on its pro-industry promises.The result is a boon for the resources sector as it delivered a blow to the dysfunctional Australian Labor Party (ALP), a persistent thorn in the industry’s side. Abbott has plans to repeal a contentious carbon tax and abolish the unpopular Mineral Resources Rent Tax (MRRT). Both are viewed as a drag on investment, hurting the sector’s competitiveness, especially at a tim

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