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.
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.
A proposed offshore wind farm off the Mid West coast has been scrapped, as European developer Copenhagen Energy quietly exits the Australian renewables market.
The oil and gas producer also said it’s still negotiating with the government on the approval of the 40-year extension of the North West Shelf venture.
Locals in a small NSW town overwhelmingly rejected a plan to build 90 wind turbines, each roughly the size of Sydney’s tallest building, and they didn’t hold back in a meeting with green energy executives.
Offshore wind developer BlueFloat Energy has abandoned plans for one of Victoria’s most advanced offshore wind projects after failing to secure a buyer, dealing a fresh blow to the state’s ambitious clean-energy transition.
West Australian Premier Roger Cook says Australia’s gas industry should get more credit for helping high-emitting trading partners wean themselves off, coal and business and governments need to fight harder to make that case with the public.
Exxon Mobil Corp (NYSE:XOM, ETR:XONA)’s Australian subsidiary Esso has scaled back initial claims of a major gas discovery in the Bass Strait, significantly reducing the estimated volume and dampening optimism about a near-term solution to the east coast energy supply crunch.