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.
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”.