This Month
Petrol pass-the-parcel: Woolworths curse too much for EG
Fifteen years ago, the supermarkets and offshore oil giants dominated Australian fuel sales. A succession of $1 billion-plus deals has changed things dramatically.
Sustainable fuel hopeful HAMR Energy revs up with funding round
HAMR Energy has launched its Series A funding round, hitting up high-net-worth individuals, venture capitalists and strategic investors.
June
Grid operator warns coal shutdowns could prolong blackouts
Australia’s energy market operator says the green transition is making it more difficult to manage power outages.
Future gas reservation won’t get us over ‘valley of death’: energy CEO
EnergyQuest chief executive Rick Wilkinson said a prospective change to reserves was “unlikely to solve the problem” of Australia’s east coast gas shortage.
May
Westpac shifts climate targets and eases path for more lending to gas
The bank, which lends to Woodside Energy, will change lending rules even as it demands better energy transition plan disclosures from borrowers.
Labor poised to approve controversial NW Shelf gas project
The Albanese government has made its strongest signal yet that it will give the nod to Woodside’s long-delayed development.
April
‘No hope’: Shock coal plant extensions to drag on 2030 climate targets
The Crisafulli government’s plans to wind back the state’s climate goals are likely to put Australia’s Paris targets further out of reach.
March
Blazing tanker spills jet fuel after cargo ship crashes into it off UK
The incident, in which the vessel was holding about 140,000 barrels, is one of the most significant maritime disasters near Britain for many years.
The Trump slump that could be good for Australia’s war on rising costs
While the RBA is worried global tariffs could hit Australia’s economy, commodities strategists say the oil price will keep sinking. That’s important.
February
How to fly green without the carbon offset ‘accounting trick’
Does ticking the carbon offset box and paying loose change to plant a few trees really make a difference?
BP puts its $600m Perth clean fuel refinery plans on ice
The British petroleum giant had expected to decide on the development later this year, but said on Monday that it would delay work on the project.
January
Exxon accuses Forrest-linked charity of helping billionaire’s interests
The oil and gas giant has described philanthropic organisations connected to the businessman as “corrupting influence of foreign money”. They deny those claims.
August 2024
Power grid foils Ampol’s big EV charger plans
One of the country’s largest petrol retailers says it has become more difficult to connect to the power grid, at the same time as sales of EVs are sluggish.
July 2024
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.
Japan’s Chugoku puts its share of $1.1b Boggabri coal mine up for sale
The electricity retailer owns 10 per cent of the NSW operation, and it is the latest Japanese coal industry cornerstone firm to exit.
June 2024
Japan’s Itochu delays plans to exit Australian thermal coal
The conglomerate joins Glencore in reassessing its decision to exit the fossil fuel with energy security prioritised amid rising geopolitical tensions.
May 2024
The $13.6 trillion question: how do we pay for the green transition?
The private sector will have to provide about 70 per cent of climate finance globally, and the heat is building on governments to deliver policies that do that.
April 2024
Sustainable aviation fuel has been a talkfest for far too long
For a government that has flagged its commitment, there is surprisingly little policy. Australia still produces no SAF – and has no fully funded projects.
Bet ‘significant’ public money on renewables stakes: Combet
The incoming chair of the nation’s sprawling $212 billion Future Fund says it’s time to return to public investment in green energy.
March 2024
Why Formula 1’s fuel is going green
Pat Symonds wrote the rules that will compel Formula 1 cars to run on carbon-neutral fuel from 2026. Big oil companies are now racing to find solutions.