News

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.

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.

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.

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.

Export levy would hurt consumers already reeling from soaring electricity bills

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.

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

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.

The shortage of fuel has inspired Energy Minister Chris Bowen to press for an acceleration of Australia’s so-called “integrated system plan”.

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.

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

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.