News

$1 Billion Renewable Investment Flop
Panahi talks about how the NSW Government’s flagship $1 billion renewable energy investment fund is yet to invest a single dollar.

One-third of WA miners freeze exploration programs as high fuel prices bite, according to AMEC survey
Most Western Australian mining companies feel they can get fuel beyond next month, yet soaring costs have forced a large chunk of them to stop searching for fresh pay dirt.

ALP plan will reduce power reliability, increase costs and fire-up diesel generators
The shortage of fuel has inspired Energy Minister Chris Bowen to press for an acceleration of Australia’s so-called “integrated system plan”.

‘The ship has sailed’: BHP iron ore head’s dire IR warning
BHP’s iron ore boss says the mining giant’s battle against the re-unionisation of the Pilbara is all but lost and issued a stark warning that the industrial relations landscape in Australia is driving the economy towards an investment cliff.

Western Australia needs to start hopping to secure new energy sources
Resource-rich Western Australia will need new gas and renewable energy sources along with storage to address projected energy shortfalls.

Geelong refinery fire threatens to disrupt Australia’s fuel supply for months
Geelong’s smouldering oil refinery will constrain Australia’s domestic fuel supply for at least three months, according to an estimate of the damage caused by the blaze at Viva Energy’s facility.

Billions at stake in LNG tax debate
Chevron, Shell and BP have warned new taxes will discourage investment in Australia, ahead of a senate committee into Australia’s gas tax regime.

Recycling solar panels ‘uneconomic’, and landfill could poison soil and water
Australia faces a glut of old solar panels polluting the environment by leaching toxic chemicals into landfill with no viable reuse or recycling solutions available, the government’s own Department of Climate Change and Energy has warned.

Chalmers’ retrospective tax grab shocks investors
Treasurer Jim Chalmers has shocked foreign investors in local mining, energy and infrastructure by imposing a retrospective capital gains tax dating back 20 years to raise billions of dollars for the federal budget, sparking warnings he is discouraging future investment in Australia.

Inquiry launched as governments spar over oil project
A state government has been accused of chasing headlines after calling an inquiry into the impact of new federal environmental laws.

ConocoPhillips Australia boss Jan-Arne Johansen says gas is best insurance against global shocks
The disruption to the global order is bringing an age of rolling crises, and uncertainty is now a feature of the operating environment.

PM Anthony Albanese, Santos boss call for quicker approvals
Santos’ chief has slammed approval processes for gas developments, urging them to be ‘more reliable and more workable’ if the PM’s goal to boost the number of gas fields is realised.