World Bank lifts ban on funding nuclear energy in boost to industry

The World Bank is lifting its decades-long ban on financing nuclear energy, in a policy shift aimed at accelerating development of the low-emissions technology to meet surging electricity demand in the developing world.

UK Goes Nuclear as outage fears rise

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.

Wake-up call on green energy a hydrogen bombshell

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.

Climate change spend surges to $9bn a year

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

Trump Is Canceling $3.7 Billion in Clean Energy Projects

The Energy Department is canceling some $3.7 billion in government support for clean energy projects it said did not warrant continued backing from the Trump administration.

Capital expenditure crash: it’s a distress signal from companies, Jim Chalmers warned

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.

“We have a duty:” Hockey joins Woodside call for more gas, as Queensland vows to extend coal

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.

Power bills jump up to 9 per cent amid concern over green transition

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.

Australia limiting its role as a global energy superpower

When it comes to resources, Australia is the Saudi Arabia of the southern hemisphere.

AEP report details gas market intervention’s effect on investment, calls for policy reset

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.

Hancock Energy is a Hancock Prospecting company.

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