News
Snowy Hydro 2.0 cost spirals to $42bn sparking calls for Royal Commission
The true cost of Snowy Hydro 2.0 has spiralled to $42bn and should be the subject of a Royal Commission into “one of the biggest disasters” in Australian infrastructure, economist Bruce Mountain and energy executive Ted Woodley said.
Chamber of Minerals and Energy WA boss warns Australia must look after WA’s $166b resource engine room
WA’s peak resources body has emphasised the importance of not shackling the sector with new taxes ahead of a meeting with Prime Minister Anthony Albanese in Perth this week.
Rinehart’s riches show why we shouldn’t slap windfall tax on gas
Nations can become wealthier and more secure by profitably supplying more of what the world wants most from them.
Government’s debt mountain will keep on rising under productivity rate, analysis shows
Parliamentary Budget Office analysis reveals Australia’s debt trajectory will defy Treasury predictions and continue rising into the next decade, contradicting the government’s fiscal strategy.
National Reconstruction Fund refined to help fill the fuel tank
The $15bn National Reconstruction Fund can be unleashed to invest in Australia’s petrol and diesel capacity after the Albanese government amended its investment mandate, as Jim Chalmers prepares to unveil fuel security measures in next month’s budget.
Mooted gas tax would scuttle $30b project, Woodside warns
West Australian Premier Roger Cook says he has directly warned Prime Minister Anthony Albanese against imposing a new tax on gas exports, as energy giant Woodside warned a future 25 per cent levy would kill its $30 billion Browse project.
Labor’s top lawyer warns of wave of oil and gas legal action
The Albanese government’s new chief lawyer says boards of Australian oil and gas companies could face a wave of legal action because of an offshore ruling on climate change, adding to the heavy burden of environmental compliance risks already facing directors.
Queensland, feds in stare-off over next move to develop oil field
The Queensland and Albanese federal governments are at loggerheads over who should make the next move to fast-track exploration of oil reserves west of Brisbane that proponents say could protect Australia from fuel shocks like the one caused by the war in Iran.
Gas tax would burn everyday Australians
Export levy would hurt consumers already reeling from soaring electricity bills
MCA backs push to cut red tap
The Minerals Council of Australia (MCA) has backed a call by industry groups to slash red tape by 25 per cent, warning slow and complex approvals are undermining the nation’s competitiveness for mining investment.