The move will please some investors, which are increasingly frustrated by little growth in the company’s share price – though it will stoke concern about the capacity of the company to invest in growth developments.
One of the world’s major miners has urged Labor to slow down the transition from coal to renewables, as Donald Trump put in motion his plan to expand the fossil fuel sector in the US.
Santos must show how it can bolster production in the medium term without spending a significant amount, analysts say.
Trading on the ASX is poised to open lower on Monday on the back of Wall Street’s Friday fall, thanks to doubts about the timing of more US interest rate cuts.
The approval is crucial in unlocking a swathe of renewable energy projects – including the Snowy Hydro 2.0 – but it is fiercely opposed by some communities.
A project creating 60 million solar panels across 35 different solar farms and 30,000 wind turbines in WA is seeking approval from the state’s Environmental Protection Authority.
The change is the centrepiece tweak of NSW’s planning laws, which will win favour with renewable energy developers, but it threatens to inflame tensions with some regional communities.
The eastern seaboard faces a looming gas shortfall and developing resources in the Beetaloo Basin would be contentious, but a senior APA executive says it is a viable solution.
Woodside is under pressure to show it can guarantee shareholder returns while investing in growth, with its $18bn Scarborough LNG project set to come online in 2026.
Chris Bowen was wrong to reject an application from Flotation Energy and must now reconsider, a Federal Court has ruled in an embarrassing decision for the Albanese government.
Original URL: https://www.theaustralian.com.au/author/colin-packham