Australia's Energy Crisis Drives Businesses to China Amid Cost Pressures
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- Major firms favor China over Australia due to energy costs.
- Glencore CEO notes doubled energy costs in Australia.
- High prices hurt Australia's global competitiveness.
- Emissions target issues delay crucial projects.
- International firms are wary of investing in Australia.
- Australian mines closing impacts jobs and the economy.
- Unified regulations needed to boost investment in Australia.