Woodside green lights $10.5bn Mexican oil development
The energy major’s final investment decision on Trion comes despite mounting environmental pressure to rein in its spending on new developments.
The energy major’s final investment decision on Trion comes despite mounting environmental pressure to rein in its spending on new developments.
Australia is not building renewable energy developments quickly enough to compensate for the loss of coal-fired power generation, the head of the country’s energy market operator warns.
Sources say Macquarie is in relatively advanced talks with EnergyAustralia’s parent company CLP Group, although other interested parties remain.
AGL, under pressure to fund a $20bn green energy transition without damaging its balance sheet, has posted a significant turnaround from its sour first-half result.
While outwardly tensions between the government and the gas sector have cooled, industry sources said they would not yet make any decisions about resuming work on stalled projects.
Jemena has injected biomethane – created from organic waste – into its gas pipelines across NSW in an Australian first, as it pushes the federal government to establish a renewable gas target.
The deal will incentivise AGL customers to use BP pulse’s charging infrastructure, as the duo look to capitalise on soaring demand for zero emission cars.
The increased supply commitment will ease concerns about fresh gas price spikes, which would have intensified pressure on households and businesses.
Origin Energy says the progress of expanding the poles and wires network has been too slow and incentives must be offered to secure landowner permission.
The Hunter region will be declared Australia’s second offshore wind zone, a boost to the industry that will be critical if the country is to meet its renewable energy targets.
Original URL: https://www.theaustralian.com.au/author/colin-packham/page/55