Australian oil & gas industry delivers record $22 billion in taxes and royalties to government revenues in 2024-25

The Australian oil and gas industry is expected to pay a record $21.9 billion in taxes and royalties to federal, state and territory governments in 2024-25, reaffirming the industry’s substantial and ongoing contribution to the Australian economy.

‘Cowards’: Pauline Hanson’s push to flush out Coalition over Net Zero

One Nation leader Pauline Hanson will move an urgency motion calling for an end to net zero, declaring that any Coalition Senator who abstains from the vote should be labelled a “coward”.

How gullible politicians got taxpayers lost in Andrew Forrest’s hydrogen hype

Andrew Forrest captivated politicians in 2022, when he outlined plans to turn Queensland into an exporter of hydrogen energy. Three years on, a $1bn pipeline is set to be completed with not a single customer.

Twiggy Forrest erases green hydrogen projects from website

It’s easier to pretend failed planet-saving schemes didn’t exist than to admit failure.

WA Liberal Party State Council supports call to abandon net zero, reduce Welcome to Country ceremonies

The WA Liberal Party has supported a motion to abandon a target of net-zero greenhouse gas emissions by 2050, putting added pressure on Australian Opposition Leader Sussan Ley to drop the policy for the federal party.

BP Plans to Exit $36 Billion Australian Green Hydrogen Hub

After years of stock under performance and departure of the plan’s architect, BP has refined its strategy to focus more squarely on profits than green goals.

Forrest-led miner Fortescue dumps hydrogen projects in Arizona, Gladstone and blames Trump

Andrew Forrest-led Fortescue takes another big step back on green hydrogen and flags $220m writedown on abandoned projects.

BP ditches $54b Pilbara hydrogen project

BP has abandoned plans to invest in a huge green hydrogen project in Western Australia, adding to the companies walking away from the clean fuel that was once regarded as a big export opportunity for the country.

Copenhagen Energy quietly withdraws from Mid West wind farm project

A proposed offshore wind farm off the Mid West coast has been scrapped, as European developer Copenhagen Energy quietly exits the Australian renewables market.

‘Climate virtue-signalling’: Labor continues destroying farm land in ‘mad’ renewable push

Sky News host Peta Credlin discusses Labor’s push to build 90 wind turbines the size of Sydney’s Barangaroo Towers in a New South Wales town.

Hancock Energy is a Hancock Prospecting company.

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