News
‘Model is broken’: off-shore wind’s towering hype faces reality check
When the power went out in Broken Hill last month after a storm, it would have been reasonable to expect the nearby renewable energy super-array of solar, wind and big battery to come to the rescue.
Australian Taxation Office says resources industry the nation’s top tax contributor
The resources industry has paid more tax than all other sectors combined as ballooning corporate payments helped drive the national budget to surplus.
BHP says it expects industrial action to grow as economic uncertainty swirls
BHP chief executive Mike Henry expects more industrial relations disputes as new federal workplace laws start to take effect at an uncertain time for the global economy.
COOK MUST ADVOCATE FOR WA AGAINST JOB-WRECKING IR REFORM
Grinding conflicts in Ukraine and the Middle East show no signs of ending. China’s growth — for so long the driver of WA’s economic success — has slowed. Despite those challenges, the global energy transition continues at pace.
Cook raises native title concerns
Premier Roger Cook has described native title issues as the “elephant in the room” for regional WA and called on Canberra to shelve its ‘nature positive’ reforms.
‘McPhillamys mess can never be repeated’
The boss of a $10 billion gold major has demanded legislative changes to stop a repeat of the now infamous McPhillamys mine snub, or risk tarnishing Australia as a mining destination.
Prime Minister doubles down on same job same pay laws ahead of implementation despite industry opposition
Anthony Albanese will use a speech to mining industry workers to call for a defence of the Government’s same job, same pay laws, which have been slammed by industry, ahead of their implementation this week.
Even with a price tag, our renewables future is already broken
The Silverton Wind Farm and Broken Hill Solar plant were supposed to produce enough electricity to power 117,000 homes. They’re supported by AGL’s 50MWh battery facility at Pinnacles Place, one of the largest in Australia. Yet Broken Hill, population 19,000, has been in a semi-permanent state of blackout since a storm brought down the transmission line connecting the town to the east coast grid.
Atlas Iron defers Ridley investment call as ‘onerous’ approvals slow Gina Rinehart’s foray into magnetite
Hancock Prospecting has deferred part of its plans to tap into the WA magnetite market and delayed a final investment decision on its proposed Ridley mine, pinning the move on approvals uncertainty and water supply.
No guarantee of cheaper bills after energy transition, AEMO chief executive says
The chief executive of the Australian Energy Market Operator has conceded there is no guarantee the country’s transition will deliver cheaper power bills.
Paucity of new resources projects
Just one major resources project has been sanctioned in WA this year and the pipeline of future projects is thin, a review by Business News has found.
Two approaches to energy — which will the nation choose?
The doyen of ALP energy policy, Martin Ferguson, has called for a gas-driven power station in the Latrobe Valley in a direct policy confrontation with current Energy Minister Chris Bowen.