Today
CDPQ, IFM, AusSuper eye $1.6b Neoen stake, but GPG debacle looms large
The French renewables group is working with Bank of America to sell a 30 per cent stake in its large local portfolio of assets to accelerate expansion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Forrest accuses US of sacrificing green dream to fossil fuel lobby
Fortescue founder Andrew Forrest unleashed on the US government over a threat to tax credits that underpin an $836 million green hydrogen project in Arizona.
- Brad Thompson
Second-largest super fund blacklists thermal coal investments
Superannuation giant Australian Retirement Trust will stop investing in most thermal coal companies from July as part of a plan to hit net zero emissions across its portfolio by 2050.
- Lewis Jackson
Karoon chairman in activists’ firing line over pay
Sandon wrote to chairman Peter Botten on Wednesday arguing that Karoon’s incentive structure had insufficient regard for shareholder value.
- Jonathan Shapiro
Why AGL’s staff are happier after a major plant closure
AGL will use the Liddell decommissioning as a blueprint for plant shutdowns, after it managed to move 100 per cent of workers into new roles.
- Agnes King
April
Activists Samuel Terry, Sandon lawyer up for Karoon Energy fight
The pair have added Allens and Mont Lawyers to their legal teams as they look to talk on the Karoon Energy board.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Origin’s LNG revenue drops 8pc in March quarter
Lower global prices for oil and gas dragged down LNG revenue at the energy giant to $2.6 billion.
- Updated
- Elouise Fowler
Activist funds to push Karoon Energy on dividends
Samuel Terry and Sandon Capital will target the oil and gas producer’s board before May’s annual general meeting and push for more dividend payments.
- Jonathan Shapiro
ASIC sues Magnis Energy over ‘parlous’ battery factory
The regulator is suing Magnis Energy and chairman Frank Poullas in Federal Court for misleading investors over the “parlous state” of its battery factory.
- Ronald Mizen
- Opinion
- Energy transition
Woodside and the new climate activists
Energy companies work in a twilight industry where demand still endures. They don’t know the answers to the questions investor activists are asking.
- Matthew Warren
Woodside looks inward after climate gambit defeated
The oil and gas producer felt the force of big super and green investors when it took a transition plan to shareholders. Now it has no choice but to do better on emissions.
- Anthony Macdonald
Woodside to pay $18b for hydrocarbon projects despite climate rebuke
This massive outlay comes as investor opposition to the oil and gas giant’s climate plan has grown over the past two years.
- Elouise Fowler
Macquarie-backed renewables developer shops NSW solar farm
Up for grabs is a 143-megawatt peak ready-to-build solar and energy storage project in the Riverina region.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Gas
Goyder will face the music at Woodside AGM
Even if the chairman now looks certain to survive a substantial protest vote and be re-elected, it all adds up to a firm rebuff of the company’s decarbonisation plan.
- Jennifer Hewett
King opts out of call on NSW gas project over her past attacks
Resources Minister Madeleine King pulls out of making decisions around high-profile gas project off the coast of NSW that she once described as risky and a threat to jobs.
- Brad Thompson
- Opinion
- Chanticleer
Richard Goyder’s Woodside board seat is safe, climate plan is not
Early votes tell us what to expect at Woodside’s annual meeting. It’s clear investors want more action on emissions, particularly at a big oil and gas producer.
- Anthony Macdonald
Chevron vows to develop new WA gas fields
The federal government is considering wielding its “use it or lose it” powers on undeveloped fields held by major energy companies.
- Tom Rabe
Green fuels are not the future – they’re just about here
Porsche-backed HIF Global wants to build a plant in Tasmania. Others are eyeing Townsville. But they need the government to push customers their way.
- Angela Macdonald-Smith
Solar pioneer raises $51m to make the sun shine after dark
A big oil player has pumped millions into an Australian solar upstart that uses giant mirrors, special PV cells and water dams to extend its operating hours.
- Peter Ker
Inside the rise and fall of EV player Tritium
Brisbane fast-charger company Tritium listed on the Nasdaq with a $2 billion valuation in 2022, but it didn’t take long for things to go awry.
- Updated
- Mark Ludlow