Today
- Opinion
- Chanticleer
Why NSW had to underwrite Origin’s coal-fired plant
NSW cannot afford to allow Origin Energy to shut Eraring Power Station, so it has offered up a generous insurance policy.
- 2 mins ago
- Anthony Macdonald
Proxies line up against Karoon Energy board pay at AGM
More than 26.25 per cent of proxy votes were cast against its executive pay regime ahead of the company’s annual general meeting in Sydney on Thursday.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
NSW pays to keep coal firing | Nvidia’s share price is about to plummet | Sunak’s election gamble
Read everything that’s happened in the news so far today.
- 1 hr ago
Yesterday
Florence, the Snowy 2.0 machine, is stuck again
Snowy Hydro does not know how long it will take to restart the Florence boring machine on its $12 billion Snowy 2.0 pumped hydro scheme after it stopped tunnelling.
- Jenny Wiggins
- Sponsored
- Westpac
EVs need to move mainstream to drive transition minerals
When an electric vehicle can compete at the same price point as an entry-level internal combustion engine, Australia’s future as a key supplier of transition minerals will be secured.
Sponsored
by Westpac
This Month
- Opinion
- Gas crisis
Gas industry hawks its carbon credentials
Barrow Island and its inhabitants of kangaroos, perentie lizards and rare native fauna is also home to the world’s largest dedicated carbon capture and storage project.
- Jennifer Hewett
Andrew Forrest’s Fortescue is now a software firm as well
Fortescue has signed a deal to sell software to Jaguar Land Rover’s electric vehicles, as the iron ore giant’s energy arm branches out in new directions.
- Hans van Leeuwen
Incitec’s Indonesian suitor has investors brushing up on Cooper’s woes
Indonesian state-owned businesses have not traditionally been major investors in Australia. When they have invested, it has not always turned out well.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Chapman fields calls for in-play Queensland electricity provider LPE
The embattled Sunshine Coast-based business has called in Chapman Capital Partners and King & Wood Mallesons to mount a defence.
- Sarah Thompson, Kanika Sood and Emma Rapaport
No more buzz – hydrogen is finally trying to get real
At the World Hydrogen Summit this year, vaulting ambition began giving way to pragmatism and a paring back of priorities.
- Hans van Leeuwen
Big four, Japanese banks circle GPG Renewables’ $1.6b refinancing
Sources said GPG is in advanced discussions with several banks to come in on a $1.1 billion refinancing of its existing facilities.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Queensland in secret bid to buy stricken coal-fired power plant
It’s three years since Queensland power station Callide C blew up, and the fallout hasn’t stopped. Now, a secret deal for the government to buy a 50 per cent stake is in doubt.
- Anthony Macdonald
Karoon chairman preps for showdown with angry investors
An activist consortium led by Samuel Terry Asset Management intends to vote against five of the nine resolutions up for vote at the oil and gas producer’s AGM on May 23.
- Elouise Fowler
Santos will sack 200 people as project delays spoil returns
The reliance on new projects such as Barossa in the Timor Sea takes on greater importance at Santos, where many of its legacy assets are being depleted.
- Vesna Poljak
‘Back in the game’: Hydrogen sector celebrates from afar
Almost 50 Australian companies were in Rotterdam for the World Hydrogen Summit. When news of the budget bonanza came through, the reaction was ecstatic.
- Updated
- Hans van Leeuwen
Pessimistic iron ore, coal forecasts give Chalmers room to wriggle
Treasury assumes that iron ore and coal prices will fall from their present elevated level back to their long-run levels by the end of the March quarter in 2025.
- Karen Maley
Karoon Energy finds sell-side backers ahead of pivotal AGM
Barrenjoey energy and utilities analyst Dale Koenders has voiced support for continued growth via M&A in a note seen by Street Talk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
France’s Engie powers up for partner search at Victorian solar farm
Engie has shortlisted a blue-chip lender lineup, including ANZ Group, BNP Paribas and Deutsche Bank, to stump up Goorambat’s debt financing.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Fortescue, Woodside find common ground on green hydrogen
Andrew Forrest has been one of the oil and gas giant’s biggest critics. The two are on the same page about US tax credits issues holding up renewable projects.
- Brad Thompson
Karoon CEO schmoozes investors, but activists aren’t backing down
Activist investor Sandon Capital has accused the top executive of employing “stalling tactics” ahead of the oil and gas producer’s annual general meeting.
- Sarah Thompson, Kanika Sood and Emma Rapaport
