Commenting on the sudden resignation of Minerals Council of Australia (MCA) CEO Brendan Pearson, Executive Director of Australasian Centre for Corporate Responsibility (ACCR) Brynn O’Brien said:
“Brendan Pearson’s resignation is a hopeful sign that there is pressure on the MCA to chart a new course. However, the roots of climate and energy obstructionism within the MCA run deeper than one individual.
Commenting on the Santos announcement that itexpects to recognise an impairment of GLNG of approximately US$870 million after tax, predominantly due to lower oil prices, Bruce Robertson, IEEFA Gas/LNG Australasia analyst said:
Premier Jay Weatherill and the South Australian Government’s sensible decision to back building the one of the world’s biggest solar thermal plants with storage in Port Augusta shines a light on Australia’s opportunity to make an orderly transition to 100% renewable energy, according to Solar Citizens.
Port Augusta locals are celebrating today following Premier Jay Weatherill and the South Australian Government’s commitment to a back a solar thermal plant with storage in Port Augusta that will create new jobs after a five-year community campaign.
Lawyers from Environmental Justice Australia today filed proceedings in the Federal Court on behalf of shareholders Guy and Kim Abrahams against the Commonwealth Bank of Australia for failing to adequately disclose climate change risk in the bank’s 2016 annual report.
Responding to the construction of a new 622 km-long Northern Gas Pipeline owned by private business Jemena, Bruce Robertson, Gas/LNG Australasia analyst for the Institute for Energy Economics and Financial Analysis (IEEFA) said:
“Another privately owned pipeline in Australia will only fuel the gas price crisis, not lesson it as the majority of such pipelines are not subject to any pricing regulation and are hideously profitable.
New analysis from the Institute of Energy Economics and Financial Analysis (IEEFA) shows that the Hume Coal project in the Southern Highlands of New South Wales will find it hard to compete with higher-quality coking coal mines in the region.
Commenting on the increase in electricity prices by up to 20% on July 1, Bruce Robertson, Gas/LNG Australasia analyst for the Institute for Energy Economics and Financial Analysis said: “Australians need answers for why gas prices have fallen globally in recent years while here they have risen to levels above the north Asian market, the most expensive market for gas.