Today
Net zero is ‘a daunting task’: energy expert
A top scientist and adviser to Bill Gates, Vaclav Smil, says it’s unrealistic to think carbon emissions can be reduced to net zero in just 30 years. BlackRock’s CEO disagrees.
- Angela Macdonald-Smith and Elouise Fowler
- Opinion
- Glasgow summit
Morrison wants net zero, then fight another climate war against Labor
Scot Morrison has to manage fractious Nationals to deliver the Coalition’s climate change policy, but he is banking on still waging climate wars in the seats he needs.
- Jennifer Hewett
Bechtel, PwC on board to deliver Sun Cable project
The Sun Cable solar power export project has announced a heavyweight team of global technical and advisory experts to bring the $30 billion-plus electricity cable project to Singapore to life.
- Angela Macdonald-Smith
Beach Energy faces fallout from Western Flank downgrade
Kerry Stokes-backed Beach Energy’s oil production fell in the first quarter of the new financial year.
- Elouise Fowler
LNG, oil prices buoy Origin’s outlook
Signals of improved conditions by chairman Scott Perkins come as Origin is hit by strong support for activist shareholder resolutions on climate change.
- Angela Macdonald-Smith
This Month
- Exclusive
- Renewables
Gelion Technologies to launch IPO in London this year
University of Sydney spin-off Gelion Technologies will list on the London Stock Exchange’s Alternative Investment Market this year.
- Updated
- Mark Ludlow
Korea’s Posco makes $845m takeover bid for Senex
East coast gas producer Senex Energy has attracted a surprise takeover approach from South Korea’s Posco, in what would be the giant steelmaker’s first foray into oil and gas in Australia.
- Updated
- Angela Macdonald-Smith
- Opinion
- Electricity
The global energy drought may herald a future of excess
Some energy modellers have started arguing that massive overbuilding of wind and solar power may prove the cheapest way to build a zero-carbon grid.
- David Fickling
Gas price surge to buoy quarterlies
Bumper Asian gas prices are expected to help double September revenues for some of Australia’s LNG exporters in an unprecedented turnaround since the worst of the COVID-19 pandemic.
- Angela Macdonald-Smith
- Opinion
- Energy transition
Renewables could pay the price for energy crisis
During the transition away from fossil fuels, many forms of green energy are likely to cost more – which will no doubt be unpopular with voters.
- Tyler Cowen
‘Critical’ gas power plant to return 12.3pc: Snowy
Snowy Hydro’s $600 million Hunter gas power plant will provide critical back-up for renewable energy and provide base-case returns of 12.3 per cent, according to modelling that debunks the views of critics.
- Angela Macdonald-Smith
Woodside, Santos bet on bulk to beat carbon threat
The determination of Australia’s two largest oil and gas producers to defy mounting opposition to the continued growth of fossil fuels and double down to become “mini-majors” in the sector could amount to their biggest ever gamble.
- Angela Macdonald-Smith
Sun Cable customer collapses as energy crisis widens to Singapore
ISwitch, Singapore’s biggest independent electricity retailer and a potential foundation customer for Australia’s Sun Cable project, will fold its retail operation as the fallout from spiking energy prices expands in Asia.
- Angela Macdonald-Smith and Emma Connors
Skipping Glasgow would be a ‘copout’ by PM: Forrest
Fortescue Metals Group chairman Andrew Forrest said energy intensive companies, such as his own, had to lead from the front in confronting global warming.
- Mark Ludlow
- Opinion
- Energy
Morrison forced to fight the last war on climate change
Rebel Nationals are complicating Scott Morrison’s ability to sell a climate change policy that will keep the lights on, costs down and jobs and investment up just in time for Glasgow.
- Jennifer Hewett
Energy crisis could worsen but no ‘supercycle’: Citi’s Morse
The growing energy price crisis could get far worse over the northern winter, warns Citi’s global commodities chief Ed Morse.
- Angela Macdonald-Smith
Net zero by 2050 will smash coal exports: energy agency report
Australia will remain the dominant coal exporter, despite falling demand as countries move to net zero by 2050.
- Mark Ludlow
Why clean-energy spending must triple
IEA chief Fatih Birol has sought to allay concerns that soaring energy costs would test the world’s commitment to the energy transition.
- Tom Wilson
Stronger emissions targets would boost credentials at Glasgow summit
Adoption of the BCA’s target of 46 to 50 per cent emission reductions by 2030 would take pressure off the Morrison government at the COP26 climate summit.
- Mark Ludlow
Carbon capture and storage stirs from low level
The pipeline of carbon capture and storage projects around the world is at its highest since 2011, but operational projects still cover only a tiny fraction of total global emissions.
- Ben Potter
