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Woodside climate plan sunk but Goyder survives
The proxy battle pitched Australia’s largest gas producer against activists that argue its path could tip the balance towards more dangerous climate change.
- Updated
- Ben Potter and Tom Rabe
Energy focus as Ashurst, Allens, Freehills appoint new partners
Energy and environment lawyers have led promotions at top-tier firms, as the legal industry targets the energy transition as the next big source of billings.
- Maxim Shanahan
Sims says ‘high cost’ Australia-made fixation threatens green steel
The federal government’s “Made in Australia” policy threatens to destroy the country’s chance at making “green” steel, economist Rod Sims says.
- Elouise Fowler
Australia’s richest firms get $331m in grants to reduce emissions
The government has doled out $331 million to firms including Rio Tinto, Wesfarmers, Swiss giant Glencore and Rich Lister Dick Honan’s Manildra for decarbonisation projects.
- Ben Potter
Electric vehicle sales set to surge, IEA predicts
EV numbers will be strong this year and Chinese carmakers will increase their dominance, the International Energy Agency predicts.
- Hans van Leeuwen
This Month
- Exclusive
- Gas
Big US pension funds, Aware want Richard Goyder off Woodside board
But AustralianSuper says it will back the businessman, even as it votes against the oil and gas giant’s climate plans, at a shareholder meeting on Wednesday.
- Ben Potter and Hannah Wootton
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
Fortescue slams Biden administration’s green hydrogen tax rules
The Andrew Forrest-chaired iron ore major has ambitious plans to become a force in renewable energy. But proposed US rules would stifle growth, it warns.
- Updated
- Peter Ker
Booming AI demand threatens electricity supply
Regulators are scrambling to factor the explosive growth of data centres into demand projections as one network warns of a 250 per cent surge in power needs.
- Ben Potter
- Opinion
- Opinion
New Malthusians are wrong: a rich world will need less energy
We will need to generate only half the energy we do now to replace today’s electricity use, lift the global South, and feed all those data centres. So rejoice.
- Ambrose Evans-Pritchard
Gas costs could sink more manufacturers after Qenos: AIG
Australian Industry group chief executive Innes Willox said the collapse of Qenos reflected the “erosion of key pillars of Australia’s industrial landscape” and high gas prices – and risked much more damage.
- Ben Potter
Santos blames lower output, prices for 15pc revenue slide
But the gas giant says the result sets it up to complete major projects including a carbon capture and storage scheme which is due to start later this year.
- Elouise Fowler
British shareholder LGIM piles more climate pressure on Woodside
The $2.3 trillion asset manager will vote against not only the gas giant’s climate plan but also against chairman Richard Goyder’s re-election.
- Hans van Leeuwen
BHP tied to gas until 2053 as power need swells on electric fleet
Decarbonisation of Australia’s biggest export industry will require almost seven times more power and BHP wants gas to play a role until at least 2053.
- Peter Ker
Goyder pleads for support for Woodside’s climate plan
The vote on Woodside’s climate action plan goes to the heart of its credibility as a legacy fossil fuel company committed to transition to net-zero emissions.
- Updated
- Ben Potter
Blackstone move signals end of Aussie bid for UK gigafactory
The US private equity giant’s reported move on the site of a failed battery maker looks like curtains for entrepreneur David Collard’s $16 million takeover.
- Hans van Leeuwen
Welcome to Sydney, where a garage can set you back $500,000
The buyer of this neighbourhood space doesn’t have an electric vehicle. But enough people already do to make it an asset worth having.
- Michael Bleby
The incredible plan to refreeze the arctic
A new start-up is fighting climate change by thickening ice in the Arctic.
- Peter Ker and Lap Phan
Can Pollination really become the next ‘green’ Macquarie?
The fledgling investment bank has lofty ambitions and a high-profile roster of executives. But it also has plenty of competition for climate dollars.
- Ben Potter
- Analysis
- Activist shareholders
Woodside treads impossibly fine line on climate demands
Whether new oil and gas projects can align with the Paris Agreement is central to the oil and gas producer’s stoush with activists and some proxy advisers.
- Updated
- Angela Macdonald-Smith
A different kind of property crash hits Dublin as Big Tech cuts
In the Irish Capital’s North Docks district, new buildings are falling into bankruptcy protection after US tech firms scaled back space and borrowing costs rose,
- Neil Callanan and Olivia Fletcher
Green scheme rules hang in balance as 6GW deadline nears
The details of the Capacity Investment Scheme are still being debated just weeks before the first auction for six gigawatts of wind and solar capacity.
- Angela Macdonald-Smith
‘Australians will have to pay more for energy in future’: Alinta CEO
Jeff Dimery called for an honest debate about the costs of the energy transition and said consumers would inevitably have to pay more.
- Angela Macdonald-Smith