NewsBite

Patrick Gibbons

August

Iranians burn a representation of the Israeli flag during the funeral ceremony of Hamas leader Ismail Haniyeh and his bodyguard who were killed in an assassination blamed on Israel.

Whatever happens next, Iran is in poor shape to fight anyone

Iran is under acute social, political and economic stress. Its rulers will be under pressure if they retaliate against Israel, or if they don’t.

July

Andrew Forrest has scaled back Fortescue’s green hydrogen ambitions.

Hard energy reality has mugged Fortescue’s hydrogen dreams

Andrew Forrest is not alone. Many corporates have suffered a similar delusion about simple, easy and cheap transition.

Donald Trump looks closer to the White House than ever after Joe Biden’s stumbling performance.

A resurgent Trump will have consequences for Australia

Trump 2.0 will pile rising expectations in Washington on Australia’s military readiness and on its strategic minerals. But that’s just the start.

May

Whoever succeeds Iran’s late president Ebrahim Raisi will have to bow to the same forces.

President’s death shows an Iran with few cards left to play

The death of president Ebrahim Raisi opens the way for a dynastic succession to Iran’s supreme leadership. The regime’s chief goal now is protecting the status quo.

Andrew Forrest’s big wins arrived in the form of tax incentives that will boost both his publicly listed giant Fortescue Metals Group and private interests.

Billions are not enough to realise critical mineral and renewable hydrogen hopes

Where the government can make a real difference is getting the basics right; starting with environmental approval processes is just too hard.

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April

Iran has huge drone forces and has fired hundreds towards Israel.

Iran is now caught up in a mess of its own making

The Tehran regime’s use of proxy forces has left it boxed into a regional fight that it does not really want.

In a few years time, data centres will be consuming more than the output of Australia’s biggest baseload power station at Eraring, NSW.

AI could stretch Australia’s electricity supply to the limits

It would be ironic if world-changing technology like AI ended up prolonging the life of coal-fired power.

February

The retaliatory strikes point to a toughening US position, with the Biden administration saying everything is on the table, but the reality is different.

Like Carter in 1980, America’s Iran options today are limited

The retaliatory strikes point to a toughening US position, with the Biden administration saying everything is on the table, but the reality is different.

January

EV demand is volatile and politicised.

Beware of the critical minerals trap

Australia relies too much on the next big thing in commodities, while penalising its huge conventional mining sector.

Iran has so far stayed on the sidelines of this conflict.

Wary of war, meddling Iran is vulnerable to more sanctions

A military attack would play into Tehran’s hands. But the Biden administration’s relaxing of pressure has allowed Iran to fund an escalation of conflict.

December 2023

COP28 shows weaning the world off fossil fuels is hard to do

The hard reality is coal demand will be here for decades to come. Oil and gas are no different.

October 2023

The attack would not have happened without Iran’s backing.

Hamas attack shows nothing has changed in Iran

Going on for 44 years since the overthrow of the Shah, Tehran has tried to destabilise the region with Israel in the frontline.

August 2023

Three facts should drive Australian critical minerals policy.

Picking critical minerals winners requires hard choices

Just as governments played a central role in the development of steel or aluminium industries, Australia needs a critical minerals’ industry policy to become a market leader in downstream processing.

June 2023

New automotive technology will change  which minerals are considered to be critical.

The flaws in Australia’s new critical minerals strategy

The country should be maximising its advantages in copper and aluminium above all else.

Much of the interest stems from what corporate Australia has said in the past five years about reducing emissions and targets they have committed to.

Boards to blame for ESG mismatch

Company directors must bear responsibility for the regulator interest and threats of shareholder litigation after allowing management to make short-term PR promises that lack understanding of the real-world challenges of the energy transition.

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January 2023

Russian missile debris: war has made the ESG focus on energy into a national security issue.

The four challenges ESG investors need to tackle this year

An energy crisis, a green trade war and the end of cheap money will test the commitment of ESG investors in 2023.

August 2022

Like oil, copper will be at the centre of global competition between Western countries and the emerging autocratic bloc.

BHP’s bid for OZ Minerals shows why copper is the new oil

As the world seeks greater access to the one metal essential for the energy transition, Australia needs a national strategy to be at the centre of this.

July 2022

BlackRock’s Larry Fink has added much more nuance to previous messages to investors and shareholders about the superior returns from ESG investing.

ESG momentum is suddenly stoppable

The global energy crisis means companies now face a clash between environmental and social goals.

Original URL: https://www.afr.com/by/patrick-gibbons-p536dz