News

Big east coast gas users push for domestic reserve scheme, warn of price hikes
Big east coast gas users have laid out a blueprint for gas policy reforms, including a domestic reservation scheme, amid concern a plan for the commonwealth to underwrite LNG imports will entrench high prices for local industry.

LNG buyer JERA warns of significant Australian job losses unless local industry fixed
Japan’s biggest buyer of LNG has threatened to take its business elsewhere, at the cost of thousands of jobs, unless urgent policy changes are made to fix Australia’s $70bn export industry.

Cost of ‘loophole’ EV tax break blows out to half a billion dollars
Treasury has dramatically underestimated the lure of the FBT exemption for EVs, with taxpayers losing $560 million per year subsidising 100,000 electric car owners.

Chairman’s Birthday Raffle and Long Service Staff Awards 2025
Feb 28th, long-serving staff from Australia’s resources, agriculture, and businesses celebrated Executive Chairman Mrs. Gina Rinehart AO’s February birthday and long-serving employees for their decade of service.

Andrew Forrest’s Fortescue axes US green hydrogen partnership
Australia’s biggest promoter of green hydrogen, Andrew Forrest, has axed an investment pact with US hydrogen giant Plug Power in the latest blow for the hyped clean energy power source, as developers pull back from projects following the election of Donald Trump.

Korea Hydro Sells Asia’s First Green Bond for Nuclear Energy
South Korea’s Korea Hydro & Nuclear Power Co. issued the first green bond in Asia whose proceeds can be used to finance nuclear energy projects, according to the company.

Green hydrogen hopes up in smoke
Australia’s green hydrogen industry has failed to fire, with 99 per cent of a $100bn supply pipeline failing to progress beyond the concept stage, punching a hole in Anthony Albanese’s aim to develop a major export industry by 2030 and meet net-zero goals.

BP’s Crisis Marks the Tombstone for Big Oil’s Green Pivot
Even the oil giants that attempted to switch away from fossil fuels are going back to oil and gas.

Victoria energy crisis ‘likely’, report finds
Victoria is likely to have to burn coal for longer, endure a gas shortage and suffer delays in developing renewable energy projects that will cause significant economic harm and undermine efforts to reduce emissions

Why Queensland gas is not going down the drain
The state produces enough gas for domestic demand, LNG exports and has extra gas to send south during winter.

Gina Rinehart’s advice for women in mining
Rinehart lends valuable advice to young women keen on mining

Twiggy’s Time Magazine puff piece: a hat-trick of hot air howlers
You wouldn’t know from the puff piece TIME magazine ran on Andrew Forrest that the green hydrogen dream suffered a hat-trick of setbacks last week.