Latest
CEFC spend to rise to jump-start grid build-out
Funding for big-ticket transmission projects is set to swell spending by Australia’s green bank this year beyond the $1.8 billion invested in 2023-24.
- Angela Macdonald-Smith
Slow approvals are risking the next mining boom: report
State and federal environmental approval processes are jeopardising tens of billions of dollars of investment in green steel and renewable energy infrastructure, experts warn.
- Tom Rabe
Climate ‘conflict’ concern at Kean advising Labor and rich investors
Former NSW treasurer Matt Kean has defended taking dual roles as a federal government climate change adviser and at a private green investment fund led by a former Macquarie banker.
- John Kehoe
Shell, PetroChina to expand huge Surat coal seam gas project
The investment, expected to cost billions of dollars, will supply export customers and the domestic market, where regulators have warned of looming shortages.
- Angela Macdonald-Smith
Tim Bishop’s Wollemi Capital hires former NSW treasurer Matt Kean
The former state Liberal deputy leader and energy minister was appointed chairman of the federal government’s Climate Change Authority less than two months ago.
- Kylar Loussikian
Yesterday
BHP, Rio and Qantas back $250m carbon fund to beef up emission offsets
The fund is being run by Silva Capital, itself a joint venture of agriculture-focused private capital investor ROC Capital and C6 Investment Management.
- Ben Potter
This Month
- Exclusive
- Energy security
Vales Point coal plant owner eyes gas plant, batteries
Delta joins Squadron Energy and others in studying potential investments in new gas power plants to support the transitioning electricity system.
- Angela Macdonald-Smith
Fortescue chief scientist fudged CV, court told
Federal Court documents reveal a buried conflict within Fortescue’s ranks between Andrew Forrest and an Element Zero defector.
- Brad Thompson
- Updated
- Glencore
Glencore says ESG mood has ‘evolved’ and it will keep coal mining
The Swiss-based commodities giant had proposed spinning off the fossil fuel into a separate company but has decided to retain the division.
- Updated
- Peter Ker
Cannon-Brookes, Turnbull-backed solar maker cuts staff, replaces CEO
SunDrive, which also counts Blackbird as an investor, is restructuring its business at the same time as it courts global partners to expand its operations.
- Ben Potter
Woodside punished as investors query ‘marginal’ green projects
The oil and gas producer had almost $2.6 billion wiped off its market value as investors struggled to accept projected returns on a large US acquisition.
- Updated
- Angela Macdonald-Smith
Closing Eraring would have driven up power bills: research
Electricity prices would be $55 a megawatt-hour higher if Origin were to close the coal power plant next year, the government was told.
- Angela Macdonald-Smith
EnergyAustralia returns to profit as prices jump
After two June halves of heavy losses, EnergyAustralia has surged back into the black, buoyed by sharply higher wholesale prices when renewables fell short.
- Angela Macdonald-Smith
- Updated
- Gas
Woodside’s $30b Browse LNG project faces EPA knockback threat
The recommendation is not final and could be reversed after further negotiations, but a final rejection would be a blow to Labor’s long-term gas strategy.
- Updated
- Ben Potter, Tom Rabe and Brad Thompson
Marinus Link makes billion-dollar cable commitment
The order should ensure the $3 billion-plus project to build a second power link to Tasmania starts up in 2030 when the energy market operator says it’s needed.
- Angela Macdonald-Smith
- Exclusive
- Hotels
Why Australia’s biggest hotel is bringing in maggots
The Hyatt Regency at Darling Harbour is the first in the world to use the fly larvae to dispose of its food waste – and it certainly won’t be the last.
- Larry Schlesinger
July
Elecnor blames earnings slump on SA-NSW high-voltage cable project
EnergyConnect’s Spanish contractor has recorded a provision of $13.98 million for losses on its Australian projects in the six months to June 30.
- Jenny Wiggins and Angela Macdonald-Smith
Rio boss dismisses Jabiluka uranium ‘extortion’
Jakob Stausholm says precious cultural heritage at Jabiluka made it a no-go zone and advocates for a uranium mine were engaging in “extortion”
- Peter Ker
Eraring output at five-year high as coal dependence persists
Origin Energy lifted provisions on plant sites by $235 million and warned of a big jump in coal costs for the generator.
- Angela Macdonald-Smith
Air NZ becomes first major airline to dump emissions targets
The Albanese government is under pressure on aviation fuel mandates after Air New Zealand abandoned its 2030 target.
- Brad Thompson and Ayesha de Kretser
Big Glencore shareholders want to keep coal
An influential group of Glencore shareholders want the company to abandon a plan to spin-off its coal division, and allocate those earnings to new avenues of growth.
- Peter Ker
- Opinion
- Opinion
Why east coast energy woes won’t hurt green industry plans
Many projects in the new industries can be located where they are welcomed, and away from the current grid.
- Rod Sims
- Opinion
- Chanticleer
Macquarie has partly reversed its ban on banking coal deals
Sentiment against part of the coal industry has softened, and Macquarie has read the tea leaves.
- Anthony Macdonald
ASX to expand into carbon, gas futures trading in transition payday
The market operator expects to list a gas futures contract in August, and is working with the clean energy regulator on a market for carbon credits.
- Kylar Loussikian
States should drop ‘ridiculous’ uranium bans: Mundine
Former ALP national president Warren Mundine says state government should end their bans on mining uranium, and the Mirrar people should be able to negotiate whether the practice remains at Jabiluka.
- Updated
- Staff
