Category: News

Britain’s Labour government has agreed to take a £17.8bn ($36.9bn) stake in building a nuclear power plant as fears rise that the country’s rush to build wind and solar farms is leaving the grid vulnerable to outages.

The initial cost of producing green hydrogen from Australia’s two largest projects will be more than four times the price of rival energy sources, posing a fresh setback for Labor’s bid to deliver a major new export ­industry by 2030 and meet net-zero goals.

Federal government spending on climate change and net-zero policies have reached $9bn a year, up from $600m just a decade earlier.

Jim Chalmers’ hopes of a recovery in the business sector have been dealt a blow after private investment recorded its biggest annual contraction since 2020, in a shock to economists.

Australia must cut the “red and green tape” around gas projects and allow more exploratory drilling to secure the nation’s energy and exports, a conference has been told, despite an election result endorsing a move to renewable energy.

Electricity prices are set to rise by between 1-9pc, the energy regulator says, with NSW worst hit. Mark Butler is adamant there will be no taxpayer-funded bailout for the collapsed private hospitals operator owned by an overseas private equity firm.

The Albanese government’s intervention in the gas market in 2022 is directly responsible for Australia’s appeal for investment falling substantially in recent years, a new report says.

WA Mines and Petroleum Minister David Michael has refused to weigh in on the looming decision for the massive North West Shelf extension plan, but says the State Government backs “having more gas”.

The green hydrogen fiasco exposes the fatal flaws in Australia's Net-Zero-2050 assumptions

The trouble-plagued government-owned $12bn hydro project will grind to a halt again next week.