One of the world’s most powerful business leaders has applauded the Government’s move to put a price on carbon, but says his company will need to import foreign workers to make its Australian operations competitive.
Peter Voser, the global CEO of Shell, says Australia’s productivity is a “real concern”.
“You’ve got the high Australian dollar, you’ve got the scarce work force, and therefore we are concerned about the overall rate at which we are paying for Australian labour and clearly that needs some intervention,” he said.
Shell is set to be one of the largest investors in Australia over the next five years, spending about $30 billion on resource projects.
In an exclusive interview with ABC1’s 7.30, Mr Voser says while Australia is attractive to investors, its appeal is undermined by the nation’s comparatively high wages and low productivity.
Read More: Shell keen to import foreign workers