Gina Rinehart is in the United States to support Donald Trump in the race for the White House and is expected to attend his election dinner tonight.
“I’m still nervous, but I’m very hopeful for a Trump victory,” Ms. Rinehart said. The Australian last week.
He warned that if Kamala Harris won the election, she would be “more of a socialist and worse than (Joe) Biden.”
He said Trump described him as “patriotic and brave” and said he was a model for other world leaders.
If Trump wins office later this year, the former president wants to reduce America’s reliance on income taxes and make up the shortfall from rising import tariffs.
It proposes a 60 percent tariff on all Chinese goods and a 10 percent “blanket” tariff on all $3 trillion worth of U.S. imports.
Rinehart, who opposes tariffs, said he believed this was a negotiating position and that Trump would not impose such broad measures, but would look at them on a country-by-country basis.
However, the Australian mining magnate strongly approves of other Trump policies.
“He understands that if you include investment-friendly policies, like less red tape, less taxes, you get investment back, you generate growth and you raise living standards,” Ms. Rinehart said.
Gina Rinehart is in the United States to support Donald Trump in the race for the White House and is expected to attend his election party tonight. Pictured together in 2019
Ms Rinehart’s company, Hancock Prospecting, announced last week it would buy the Lockyer/North Erregulla conventional gas project located in the Perth Basin in Western Australia’s midwest as part of a $1.1 billion deal. dollars with the previous owner MinRes.
Ms Rinehart told Daily Mail Australia that projects like this were critical to Australia’s future because “so-called renewable energy” can only generate electricity between 10 and 25 per cent of the time in the case of solar power. and up to a third of the time in the case of wind energy.
“Gas can produce electricity much more reliably, even when the sun is not shining and the wind is not blowing,” he said.
“Every rational observer recognizes the need for increased gas supply.”
He called renewable energy “so-called” because he stated that “they actually contain more minerals than fossil fuels, and those minerals must be constantly found and developed, they are not renewed every year.”
Rinehart warned that if Kamala Harris won the election, she would be “more of a socialist and worse than (Joe) Biden.”
He said the “old but true laws of supply and demand cannot be changed” as Australia is hungry for more and more gas as its share of electricity generation grows.
“Without additional supply, prices will rise, hurting consumers and businesses who need gas as a reliable source of energy and baseload electricity generation,” Ms Rinehart said.
Rinehart said the federal government is steering investors away from natural resource projects, including gas.
“Reducing unnecessarily complex and duplicate procedures and excess regulations can unlock investment,” he said.
He warned that many Australians overlook the fact that their high standards of living are largely supported by the country’s resource exports.
‘When people start experiencing blackouts and brownouts, which, yes, I see on the horizon, because we are going to close or not maintain many of our power plants, they will understand.
“Nuclear power is great, although, let’s face it, it will take a long time and there will be a lot of tape and approvals.”
